Home  /  News

Amdavad News

City updates, business, sports, culture and infrastructure — the pulse of Ahmedabad, daily.

Fresh Updates

Latest Stories

For the first time in 10 years, the number of LPG customers fell

The number of LPG consumers in the country has declined for the first time in 10 years as the government's emphasis on encouraging the move to PNG, coupled with the suspension of new LPG connections by oil marketing companies, which have seen tight LPG supply due to tensions in the Middle East. In the period from April to August, the number of LPG user households in the country has decreased by around 62 lakh. Supply was interrupted by the Iran War. Due to which oil companies had to close new connections and schedule existing connections. A report mentioned it in petroleum ministry data. The number of active domestic LPG customers in the country declined from 333.9 million in early April to 327.87 million in early September. Under the Ujjwala scheme launched for poor families, the number of customers has also decreased by around six lakh to 105.7 million. The decline in the number of LPG consumers has come at a time when the supply of LPG from the Gulf region has been limited due to the Iran war. Amid the supply shortage, oil marketing companies stopped offering new connections. While the company has resorted to Aadhaar-based biometric verification to weed out inactive customers. The number of LPG customers in India has been steadily increasing over the last decade, with the number of active LPG customers increasing from 148.6 million at the beginning of 2015-16 to 333.9 million at the beginning of the current financial year. On the other hand, around 60 thousand LPG customers were added till July in the financial year, taking the total number to 17.5 million. Of the 6.2 million consumers who switched to LPG, one-sixth were PNG consumers. South India lost 2.63 million, West India 1.62 million, East India 3.4 million and North India 1.5 million.

80 countries demand at the UN: Open the Strait of Hormuz immediately

Amidst ongoing tensions in West Asia, around 80 countries at the UN have demanded the immediate reopening of the Strait of Hormuz. Led by Bahrain, these nations have called for the strait to be opened with immediate effect. They have appealed for the safe and unhindered passage of vessels and warned that disruptions to maritime trade routes could have serious consequences for global trade, food supplies, and energy security. Speaking at a media briefing held at the UN headquarters in New York during the 81st session of the UN General Assembly, Bahraini Foreign Minister Abdullatif Al Zayani urged that the Strait of Hormuz be fully reopened as soon as possible. He also called for the effective implementation of UN Security Council Resolution 2817, passed in March, which condemned Iran's attacks on Gulf nations and Jordan, as well as threats and obstructions to international shipping in the Strait of Hormuz. In a joint statement, the 80 countries asserted that no transit fees, conditions, or illegal burdens should be imposed on vessels. Countries called for ensuring freedom of navigation in accordance with international law and the United Nations Convention on the Law of the Sea. They stated that this would prevent further disruptions to global trade.

Adani Group will build a multispecialty hospital in West Bengal

West Bengal Chief Minister Suvendu Adhikari laid the foundation stone of 2000 bed capacity Adani Health Mandir at Bengal Silicon Valley Tech Hub in New Town, Kolkata. The Adani Foundation will implement this initiative, which is in line with West Bengal's Healthcare Vision 2026. Under this project, more than 2 lakh in-door patients and more than 20 lakh out-door patients will be served annually. Creating around 10 thousand employment opportunities and creating a world-class academic medical center and comprehensive healthcare ecosystem for Eastern India and beyond, Rs. More than 4000 crores will be invested.

A-One Steel India's IPO will open on September 24

The IPO of Baglore-based integrated steel producer A-One Steels India Ltd. will open on September 24, which will close on September 28. While anchor investor bidding will be held on September 23. The company raised Rs. 355 crore will be collected. The price band of this offer per share is Rs. 385 to 405 has been determined. Company Rs. A minimum of 37 equity shares of the value of 10 and thereafter in multiples of 37 equity shares may be bid. PL Capital and Khambatha Securities are the book running lead managers and Bigshare Services Pvt. Ltd. is the Registrar of the Offer. ASIL is a backward integrated steel manufacturer, which includes long and flat steel products as well as industrial products. The company and its subsidiaries operate six manufacturing units in Karnataka and Andhra Pradesh. Its total installed capacity is 1733100 MTPA.

Himalayan Solar's IPO will open on September 25

Himalayan Solar Limited, a leading company in the manufacturing sector of solar PV modules and solar energy solutions, has announced its upcoming IPO at Rs. 98 to Rs. 103 price band has been announced. The issue will next open on 25th September and close on 29th September. While anchor bidding will open on 24th September. The company through this IPO raised Rs. 5802.94 lakh plans to raise and will be listed on NSE Emerge. Finshore Management Services Ltd. is the book running lead manager of this issue. Himalayan Solar Ltd. Out of the proceeds from the IPO, Rs. 1298.30 lakhs will be used for expansion of manufacturing facilities and purchase of additional plant and machinery for upgradation. Rs. 211.99 lakh will be spent on repayment. While Rs. 2950 lakhs to meet the working capital requirement and spend the other amount for general corporate purposes.

Social media screening will be conducted for US visa applicants.

The US will cover mandatory social media screening for three additional visa categories from October 1st. The new screening includes I, TN and TD visa-applicants. Applicants under the I visa for foreign media representatives, the TN visa for US-Mexico-Canada Agreement professionals, and the TD visa for their dependents will be required to make their social media profiles available as part of verification. The US State Department has said that this decision has been taken in view of national security and that the social media profiles and posts of these visa-applicants will be reviewed online. The I visa is used by foreign media representatives who are traveling to the US on a temporary basis for their media-related work. TN visas are for eligible professionals who are citizens of Canada or Mexico and seek temporary admission to the United States for work scheduled under the USMCA. TD visa is for partner and unmarried minor children of TN visa holders. There is an I visa category for Indian applicants. From October 1, applicants for this visa will be instructed to set the privacy settings of all their social media profiles to Public or Open. The US State Department has not said that the new rule changes the basic eligibility criteria for this visa. Applicants must continue to comply with the conditions of the visa category for which they are applying.

High-voltage drama in the boardroom of the 158-year-old Tata Group

An unprecedented battle for control and future direction has erupted at the 158-year-old Tata Group, one of the most prestigious in the Indian corporate world. The controversy that erupted during an important board meeting of Tata Sons has exposed the deep rift between the boards of Tata Sons and Tata Trust. The incident, which took place within just 24 hours, has turned into a major public controversy in the country's biggest business house, which is now on the verge of a court battle and government intervention. The dramatic 24-hour event began with the Tata Sons board meeting. In the first half hour of the meeting, there was a peaceful discussion on general business topics like quarterly operations and accounting. However, as soon as the issue of the Reserve Bank of India's listing instructions came up, the atmosphere suddenly became tense. Tata Sons chairman N Chandrasekaran, who has been leading the company for the past decade and who had hinted at listing the company on the stock market, decided to resign earlier this year after failing to reach a consensus. But in a sudden twist at the board meeting, board members decided by a 4-1 majority to extend Chandrasekaran's tenure by another five years and move towards an IPO. Tata Trust chief Noel Tata strongly opposed the IPO and presented his rational side in complete silence without raising a voice. He argued that the IPO of the company is not mandatory and alternatives should be explored. Noel Tata proposed that Tata Sons should approach the RBI and take all legal avenues to remain unlisted. If this effort fails, additional time of at least three years should be sought for financial and corporate preparations. To avoid an IPO, he offered to buy 18.4 percent stake in Shapoorji Pallonji Group through Tata Sons. Under this scheme, at least 250 billion rupees i.e. 2.6 billion dollars in cash can be given to SP Group in two installments in 18 months. The buyback was suggested to be financed through internal liquidity, sale of shares in listed Tata companies and external investment in new assets. In this meeting, when Chairman of Nomination and Remuneration Committee Manvani proposed to extend Chandrasekaran's tenure by five years, Chandrasekaran walked out of the room keeping himself away from the discussion. Noel Tata opposed the proposal saying that Chandrasekaran's resignation announcement on August 12 has been accepted and the page has now been turned. Noel Tata invoked Article 121 of the Tata Sons Rules, which requires the approval of a majority of the directors nominated by the Tata Trust for the appointment of the chairman. However, there was a difference of opinion between the two nominated directors of the trust - Noel Tata opposed the extension while Srinivasan supported it, leading to a 1-1 tie for the trust vote. However, the board did not extend Chandrasekaran's tenure by a 4-1 vote, ignoring Noyal Tata's protest.

Armee Infotech's Rs 300 crore IPO will open on September 23

18 companies are going to bring their IPO in the new week. One of these names is Armee Infotech. The company's Rs 300 crore public issue will open on September 23 and close on September 25. In which 80 lakh new shares will be issued. It is an IT infrastructure solutions and managed services company. It is the government, corporates; It provides end-to-end technology solutions in multiple sectors such as banking, financial services and insurance and education. The company is also into retail sales and renewable energy business. The promoters of the company are Kiritkumar Chimanbhai Patel and Riddish Kiritbhai Patel and Ami Riddish Patel. The price band per share for the IPO is Rs. 350 to Rs. 375 and the lot size is 40 shares. Anchor investors will be able to bid on the issue on September 22. The allotment will be finalized on September 28 after the closing of the IPO. The company's shares are likely to be listed on NSE and BSE on September 30. Khandwala Securities Limited and Saffron Capital Advisors Private Limited are the book running lead managers for the issue of armee Infotech. Registrar is Cameo Corporate Services Limited. 25 percent of the IPO is reserved for qualified institutional buyers, 52.50 percent for retail investors and 22.50 percent for non-institutional investors.

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.

NSE IPO price band fixed at Rs. 1700-1785

The IPO of the country's largest stock exchange NSE is opening on September 17, the price band of which has been announced. Which per share is Rs. 1700-1785 has been determined. The IPO will close on September 21. Through NSE IPO Rs. 22561.50 crore to be raised and the upper level of the price band is Rs. 4.42 lakh crore valuation is sought.

NSE reduced the size of IPO? Trying to keep the IPO price below Rs. 1800

MEGA IPO NSE is eagerly awaited, the country's largest stock exchange is changing its IPO plan. In which the size of the IPO has been reduced. Earlier Rs. 30000 crore IPO was planned, which will be brought down to around Rs 23000 crore. Which means it will not be able to break Hyundai Motor India's IPO record. Notably, NSE's IPO is a complete offer for sale, whereby the exchange will not receive a single rupee, in which the shares of the old shareholders will be sold. The current challenge facing the NSE is that investor confidence is waning due to global uncertainty, thus raising questions against investment in mega IPOs, further increasing the likelihood that investors will walk away if the IPO fetches high prices. Experts say that if the NSE IPO price is kept above Rs 2000, investors may stay away from this IPO. So NSE will have to keep the IPO price below 1800 rupees, then it will be able to attract investors. On the other hand, the size of IPOs is being reduced as there is also a question against filling a large IPO.

No Indian in the world's top 10 billionaires

Indian businessmen are missing among billionaires worldwide. Indian industrialists have suffered huge losses due to the stock market turmoil, which has failed to hold their ground with a huge hit to their market cap. According to the Bloomberg Billionaires Index, not a single Indian has made it to the global top-10 richest people club. While in this list of billionaires, the dominance of the owners of American technology and global giants has remained unchanged. Elon Musk of Tesla was once again number one in the top-10 with a net worth of 341 billion dollars. His fortune recently skyrocketed to $37.5 billion, on his way to becoming the world's first trillionaire. Then Amazon's Jeff Bezos holds the second position with $214 billion. Mark Zuckerberg, the owner of Meta, Facebook, Instagram, WhatsApp, occupies the third position with a net worth of $208 billion. Besides, other billionaires in the top-10 list are Oracle founder Larry Ellison with a net worth of $195 billion respectively, Louis Vuitton and Dior's Bernard Arnault with a net worth of $172 billion, Microsoft's Bill Gates with a net worth of $162 billion, Alphabet's Larry Page with a net worth of $152 billion, 148 They include Berkshire Hathaway founder Warren Buffett with a net worth of $1 billion, Alphabet co-founder Sergey Brin with a net worth of $145 billion, and former Microsoft CEO Steve Ballmer with a net worth of $144 billion. However, America dominates all these billionaires. While the Indian billionaires were pushed back. In which these giants have suffered a major blow due to extreme volatility in the stock market and continuous selling by foreign investors. Mukesh Ambani Rs. 20000 crore has been lost, so that his net worth has decreased to 102 billion dollars, which was pushed to the 18th position. While Gautam Adani's wealth has also come down to around $98 billion, he has been pushed from 19th position to 20th position.

Now, 'revadi' culture in America too, Trump promises $5000 to every citizen

When elections are held in India, each party makes promises and promises to give a certain amount of money to the voters, which is known as Revdi culture, now this culture started in America also. going on. Trapped by the Iran war and tariff war, Donald Trump is promising to pay the price to win the midterm elections, he says if this midterm election wins then every American The citizen will be given $5000. However, the US President has not said where this money will come from.

Four-day strike of rickshaw-taxi drivers begins in Ahmedabad

Ahmedabad city rickshaw and taxi drivers have started a four-day strike from today to protest against the policies of Rapido, Ola and Uber. Ordinary citizens will face great difficulty in travelling in the wake of this strike. About 2 lakh rickshaws and taxis will not be seen on the road in Ahmedabad city from today till September 10 in Ahmedabad, Gandhinagar and Sanad areas. However, rickshaw and school van services to put students in school will be away from the strike. That is, the children's vehicle will continue as usual. Rickshaw pullers have taken out this strike against online companies. who are competing neck and neck to attract customers. Due to which very little fare is paid to the drivers. Companies pay drivers only Rs 8-10 per kilometre against the ever-increasing price of CNG. The rickshaw and taxi drivers had threatened that, at present, the strike is only up to Ahmedabad, Gandhinagar and Sanad, which will last for four days, but if this demand is not accepted, then the entire will be extended

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.

Gen-Z will have a big hand in the next gold boom

The relationship with gold is changing, the next boom in gold will see the big hand of Gen-Z, not just jewelers. A new report by the World Gold Council says that the next big boom in gold in India will not only be buying jewellery, but also technology, digital finance and new-age investment products. The WGC report comes at a time when gold prices have soared over the past few years. People's shopping habits have changed. However, people in India are still spending a lot of money on jewellery. According to a report, people of India have 31 thousand tons of gold. The estimated cost of which is Rs. 315 lakh crores, that is 3.4 trillion dollars. Out of which most of the gold is lying idle in the houses. Due to this it is the least utilized asset in India but it has an important contribution. According to the WGC, people born between 1997 and 2012 see gold as more than just an inherited asset. It also emphasizes on issues like liquidity of gold and digital access. This is the reason why they are showing more interest in digital gold and technology based investment products instead of just physical jewellery. Young investors do online research before investing in gold. According to an estimate, consumer spending by Gen-Z could reach approximately $2 lakh crore by 2035, which will have an impact on India's gold market in the future.

The Chief Fire Officer caught taking bribe was terminated

Chief Fire Officer Amit Dongre, who was caught taking bribe yesterday, has been terminated from service by the Ahmedabad Municipal Corporation. An order terminating Amit Dongre in police custody has been executed. It may be mentioned here that, yesterday, ACB filed a case against Ahmedabad City Chief Fire Officer Amit Dongre and Bhavsingh Jhala, the middleman who accepted bribe on his behalf, and in return for granting NOC of Fire Safety Rs. ACB caught the middleman red-handed on Vijay Char road after accepting a bribe of 36 thousand. The complainant complained to Vadodara ACB and ACB laid a trap and nabbed the middleman. Later, when accused Bhavsingh spoke to Chief Fire Officer Amit Dongre on phone, it was revealed that he also gave his consent regarding the bribe amount. So both were taken into police custody, following which Ahmedabad Municipal Corporation has ordered to terminate Amit Dongre with immediate effect.

Mojtaba Khamenei could die at any moment: Israeli media

His son, Mojtaba Khamenei, took over in February after a US-Israeli attack on Iran killed his son, Mojtaba Khamenei, but he was also injured in the attack and his condition has been in doubt, reports to this effect have been denied by Iran. may die. However, these reports also cited claims by Iran Wire, which cited sources close to the administration of Iranian President Masoud Pezhashkine. According to them, his health is very fragile and we will not be surprised if we hear the news of martyrdom in no time. Notably, after assuming the leadership of Iran's Supreme Leader, Khamenei neither appeared in public nor gave any speech. However, Iranian officials have denied this.

Bajaj launches new Pulsar

Bajaj has launched two new variants of its popular Pulsar N160 bike in the Indian market, the Pulsar N160 S and the Pulsar N160 SS. The new bikes have been given a more powerful 165cc 4-Valve engine, new Ride Modes and many modern features. The company has positioned both the models above the existing N160 range. The company has kept the ex-showroom price of the Pulsar N160 S at Rs 1,33,511, while the top variant Pulsar N160 SS is priced at Rs 1,42,585. The existing Pulsar N160 will also be available for sale.

New rickshaw fare will be implemented from today, 50 percent increase in fare

Important news has come to light for people traveling in autorickshaws in Gujarat. The state government has announced new autorickshaw fare rates and these new rates are effective from August 7, 2026. The Ports and Transport Department has issued a new instruction under Section 67 of the Motor Vehicles Act, 1988. The revised rates have been implemented by canceling the rental rates announced earlier in the year 2022. As per the new provision, the minimum fare for the first 1.2 kilometers of an auto rickshaw in the city and contiguous areas will be Rs. 25 has been fixed. Thereafter for every additional 200 meters Rs. 4 to be paid. One of the most important provisions of the new advice includes travel outside the city limits, which provides for charging one and a half times the normal city rate for traveling outside the city limits. Apart from this, the waiting charges have also been modified. There will be no waiting charge for five minutes, but for every minute thereafter Rs. 1 will be charged. However, the maximum limit of waiting will be one hour. During the night time i.e. between 11 pm to 5 am, 50 percent more will be charged on the basic fare i.e. one and half fare, which has been kept as before.

Fear of an additional 100 percent tariff on India?

The US Senate has approved the Lindsey O. Consumer Sectioning Russia and Iran Act of 2026 bill, which paves the way for tougher economic measures against countries that buy large amounts of crude oil and natural gas from Russia. Which has been passed in the Senate by 86 to 11 votes. If the bill becomes law, President Donald Trump will be empowered to impose tariffs of up to 100 percent on goods imported into the United States from countries that buy Russian energy. This will directly affect major buyers of Russian crude including India and China. In the ongoing economic and diplomatic conflict between America and Russia over the Ukraine war, a new challenge has arisen for countries like India. The US Senate has overwhelmingly approved a sweeping sanctions bill designed to increase pressure on Russia's energy revenues. This law is intended to deal an economic blow to the US by stopping Russia's major buying countries, along with slapping tariffs of up to 100 percent on these buying countries. So the economic pressure on the countries that support Moscow's economy is to increase. The most controversial part of the bill is the tariff authority given to the President. If the bill becomes law and Trump exercises this authority, an additional 100 percent tariff could be imposed on goods imported into the United States from the affected countries. However, the law gives the President the power, so the 100 percent tariff will not be implemented immediately. But it can be a disaster for India.

SpaceX's big splash, Starlink will launch mobile service

Elon Musk, the head of the SpaceX company that created a revolution in the satellite internet sector, has now prepared to burst into the global telecom market. The company is planning to launch its official subscription-based mobile service by the end of 2027. As soon as this announcement is made, the leading telecom companies of America have started calling. These include T-Mobile, Verizon and AT&T. Gwynn Shotwell, president of SpaceX, said the US cellular market is worth $600 billion and Starlink is hoping to get a bigger share of it. The company will completely eliminate dead zones without coverage through direct satellite connectivity. So that the mobile network will remain unaffected even during natural calamities. For mobile service, the company will set up a terrestrial network by installing a cellular base station on its Starlink broadband dish itself, thus saving huge expenditure on spectrum. In 2025, the company also bought a wireless spectrum license of 65 MHz from Echostar at a cost of $19.6 billion. In America's telecom sector, three companies, namely Verizon with 146 million users, T-Mobile with 130 million users, and AT&T with 110 million users, have a 95 percent share. These companies have built a huge network with billions of dollars of investment over a period of three decades. It may be mentioned here that till now there was a partnership between T-Mobile and Starlink for direct to cell connectivity outside the coverage area, but with this new plan of SpaceX, both the companies have now become direct competitors. In other countries of the world, including India, where Starlink satellite service is still waiting for approval, this new plan of SpaceX has also raised a lot of discussion in the worldwide telecom market.

A plot was sold for 300 crore rupees on Sindhu bhavan Road

Ahmedabad: A yet another land plot deal has been struck on Sindhubhavan Road, one of the fastest growing and most posh areas in the city's real estate market. The 8200 sq. bar plot adjacent to the Taj Skyline Hotel is said to have been sold for Rs 300 crore. This plot, which is easily accessible on two roads including the main road, is located in the Residential-2 zone. Keeping in view the state government's policy on hotels, the developer who purchased this plot plans to set up a hotel-cum-commercial building with a built up area of 10 lakh square feet. The total cost of the entire project will be around Rs 650 crore, sources close to the development said. The plot has been purchased by Z Group of the city and is owned by SG Group. Pukwan also plans to set up another iconic commercial building near Char Road on the highway. Hitesh plaintiff, a promoter of Z Group, stated that they are planning to set up hotel-cum-commercial building on the plot. This building will be of 38 floors, with a total construction a

European Union takes tough action against Google for breaching Digital Markets Act

The European Union has taken strict action against the technology giant Google for violating the Digital Market Act. Which is said to be the biggest and drastic step so far. The European Commission has fined Google 890 million euros, i.e. one billion dollars, i.e. more than 8300 crores, for violating the rules of the Digital Market Act. Google has been accused of harming the business of other competitors by unfairly prioritizing shopping, travel and hotel services in search results. The Commission set fines of 570 million euros for Google's biased search policies and 430 million euros for unreasonable restrictions on the Google Play Store. According to the European Commission's findings, Google was abusing its search engine by placing its own shopping, hotel, transportation and sports services at the top of search results compared to third-party services. In addition, according to the Digital Market Act, developers offering apps on the Play Store should have full freedom to communicate freely with their customers and offer cheaper alternatives outside the Play Store, but Google imposed contractual restrictions on app developers to prevent customers from switching to other platforms, which can be said to be a direct violation of the Act.

Plastic currency notes will come in India from 2027

Indian currency may change. Presently the currency notes are made of paper, it will be discontinued in the near future, but plastic notes can be seen in India in no time. RBI is preparing to start pilot projects of polymer bank notes in the country in due course. For which RBI has issued a global tender for Policemar. RBI believes that if the initial trials are successful, then these new notes can be launched in the market in a phased manner from the year 2027. However, this will not stop existing paper notes. Both types of currency will be moving side by side for some time. Initially, RBI approved this project at Rs. 10 and 20 currency notes will be trialled on a limited scale. RBI then aims to understand how effective these notes are in Indian weather, consumption and market conditions. Polymer notes are made from a special type of strong plastic-like material, making them more durable than regular paper notes. Notes can tear mostly due to pocketing or frequent use. In addition, modern security features are easy to add to Polymer Notes. Due to this, it becomes more difficult than before to prepare fake notes. In such a scenario, the advent of polymer notes can also curb counterfeit currency to a great extent. It may be mentioned here that in order to further the process of preparing polymer notes, RBI's Note Printing Unit has sought applications from companies across the world for availability of special polymer sheets. New notes will be printed on these sheets. Polymer notes have been around for many years in many countries such as Australia, Canada, the UK and New Zealand. The experience of these countries shows that notes last longer and do not deteriorate quickly.

Canadian government changed visa policy, super visa for parents-grandparents

Government of Canada has changed the immigration policy. According to which the applications of Parents and Grandparents Program have been closed for now. The Department of Immigration has announced that, until further notice, neither new Interest to Sponsor forms will be accepted nor will new applicants be given the opportunity to apply for PR sponsorship. This is a big blow for thousands of families living in Canada. They can no longer submit new applications under PGP to secure permanent residency for their parents-grandparents. However, the government said it is targeting to grant Canadian permanent residence to around 15,000 people in 2026 who have previously applied for PGP. The government has advised potential applicants to consider a parent and grandparent super visa. This option allows parents and grandparents to stay in Canada longer.

Paytm will declare bonus shares

One 97 Communication Limited-Paytm has informed that the company's board will consider the proposal to issue bonus shares along with June quarter results in a meeting to be held on July 20. However, this will be the first bonus issue after Paytm's stock market listing in 2021. Paytm had earlier completed an open market share buyback of Rs 850 crore in December 2022. After this, this could be the first major corporate action from the company. The entry of Paytm in the stock market took place in the year 2021. The company's IPO came at an issue price of Rs 2150 per share, but the stock was listed below this price. Later, the stock hit a record low of around Rs 300 amid concerns over regulatory challenges and profitability. However, the business and financial performance of the company has improved in recent times. But it is still being quoted at 50 percent below the IPO offer price. Investors at the time of IPO may get relief if Paytm offers one bonus share for one. According to the company's shareholding pattern, the share of domestic investors increased to 51.6 percent as of June 30, 2026, from 50.3 percent in the previous quarter. Paytm has retained its status as an Indian owned and controlled company for the second quarter in a row. The share of domestic institutional investors also increased to 24.9 percent from 23.1 percent in the previous quarter. The total share of mutual funds rose to 17.9 percent from 16.6 percent in the June quarter. The number of mutual funds investing in the company has also increased from 41 to 43. Goldman Sachs believes that growing market share in the payments business and strength in financial services can further support the company's growth. If Paytm maintains a consistent revenue growth of over 20 percent, the stock's valuation may see further improvement.

Iran's Open Threat, Trump Targets Us

The ongoing war between America and Iran is now taking a new turn. A giant billboard has been put up in Tehran, which has caused an uproar across the world. On this board, Donald Trump is shown dead in a black coffin. In which it is written in both English and Persian language, We Will Kill Trump. After this writing, America has also conducted exercises to conduct a ground war in Iran. whose plan has been devised. Trump said that, now Iran will not be released. It is worth mentioning that Israel's intelligence agency Mossad had given a lot of intelligence information to America just a few days ago. According to The Wall Street Journal and CNN reports, Israel's intelligence agency shared a secret report with Washington. In which, for the first time, a very accurate conspiracy by Iran to kill the US President Trump was exposed.

Government also with the help of AI

Guidelines for Indian Government Websites (Guidelines for Indian Government Websites) with major changes in web portals and mobile apps of the country including Gujarat GIGW 3.0 has been announced, due to which websites will become flexible, secure and user-friendly, from AI-based page loading to open data formats, Conformity to Quality Website (CQW) certification will be mandatory for all government websites and mobile applications. With the growing prevalence of digital technology in India, including Gujarat, the government has now announced a new guideline named GIGW 3.0 to make its websites and mobile apps more accessible, secure and user-friendly. This is the third version of the GIGW Guidelines launched by the National Informatics Center (NIC) in 2009. New guidelines have been drawn up to address inconsistencies in layout, navigation and technology across several state and central government websites and apps. In which there has been a joint effort of NIC, STQC and CERT-In in digital service improvement, especially GIGW 3.0, this time NIC along with STQC Directorate and CERT-In have also been considered, so that website quality as well as cyber security is fully guided. CERT-In's latest cybersecurity updates will also be part of this guide. ** The Gujarat government also issued a circular The Department of Science and Technology issued a circular to all departments of the State Government as well as institutions/offices belonging to the Department, Local Self-Government Bodies, Boards And the corporations must compulsorily evaluate their existing websites, web portals, web applications and mobile applications based on the provisions of GIGW 3.0 and identify the deficiencies and areas requiring improvement and to ensure compliance with GIGW 3.0, the relevant agencies by whom these websites, web portals, web applications and mobile applications have been created must be instructed to take action with immediate effect.

Inauguration of Skoda's new showroom and service center at Naroda

Skoda Auto India has inaugurated three new customer contact centers in Ahmedabad and Himmatnagar in Gujarat, thereby strengthening the company's network presence in the state as well as in western India. These new facilities include a new sales and service center in Naroda, a new sales center in Maninagar and a new compact 3S facility in Himmatnagar. Located at Naroda, Ahmedabad, the center is spread over 26,700 square feet, with six vehicle display facilities and 19 service bays. While the Maninagar-based dealership has a 4,800 sq ft sales center with seven vehicle display facilities. The new compact 3S facility launched at Himmatnagar is spread over an area of ​​10,600 square feet, with provision for four vehicle displays as well as a service facility with four service bays. All the newly launched sales and service facilities reflect Skoda Auto's global modern solid design philosophy, offering customers a great sales and service experience with a welcoming environment. With the addition of these new centres, Skoda Auto India now has a total of 25 customer contact centers across 16 cities in Gujarat—Ahmedabad, Surat, Vadodara, Rajkot, Vapi, Gandhinagar, Anand, Bharuch, Bhavnagar, Gandhidham, Himmatnagar, Jamnagar, Junagadh, Mehsana, Morbi and Navsari. Speaking on the occasion, Ashish Gupta, Brand Director, Skoda Auto said, “With the inauguration of these new facilities in Gujarat, we are further strengthening Skoda Auto India's presence in the state as well as in the western region of India. We now have five customer contact centers operating in Ahmedabad alone. Through it we are bringing our complete product portfolio closer to the customers while also making them experience the highest standards of service and care. The importance of Gujarat in the development of India is very special and we are confident that with the Kylaq, new Kushaq, Kodiaq and Slavia we will be able to strengthen the Škoda brand in this important market.

Each assembly seat will have 1.75 lakh voters

Delimitation Commission has been formed to change the political geography of the country, through which the Lok Sabha and Assembly seats of the country are demarcated, in which a population of 10 lakh is constituted as Lok Sabha and a population of 1.75 lakh is constituted as Assembly. Earlier, there was a huge discrepancy in the number of voters in different Lok Sabha-Assembly seats, such as one assembly seat having about 1 lakh voters and another seat having more than 3 lakh voters, which An independent Delimitation Commission was formed to balance. Delimitation is the process of determining the boundaries of constituencies comprising a legislative body in a country or state. This process determines how many members the legislature should have, so that the public can benefit. Census report is required for delimitation. That is, demarcation cannot be done without census report.

Since 1975, there are only 182 assembly seats in Gujarat

In Gujarat, new delimitation of assembly is done on the basis of census, an official of the Election Commission said that, after the census conducted in 2001, Gujarat had a total population of 5.06 crore, based on which the number of seats in 2008 delimitation remained 182, at that time the seats were changed but there was no change in the number, in 1975 the population was 2.66 crore, after that there were 182 seats. Gujarat has only 182 assembly seats, but the population is expected to cross 7 crores in 2026 due to which seats will increase to 210 in the new delimitation.

230 seats in the assembly, new apartments of MLAs were also arranged for 214 MLAs

The Gujarat Legislative Assembly was redeveloped some time ago, instead of the existing 182 MLAs, seating arrangements for 230 MLAs have been made keeping in mind the new delimitation.

Assembly seats in Gujarat will increase from 182 to 210. 28 MLAs will increase.

After the ongoing census in the country, the political math will change with the new delimitation of Lok Sabha and Assembly seats, in which the Gujarat Assembly will increase from the current total of 182 seats to 210, that is, 28 seats will increase, in which also 33% seats will be reserved for women after the passage of the Women's Reservation Act, the process of new delimitation may be completed in 2028, as a result, the 2027 assembly elections will be held on the basis of 182 seats only. In Gujarat, 182 assembly seats were last decided in 1975, after that delimitation was done in 2008 based on the 2001 census in which the assembly seats were changed, but the number remained 182. Now, in the new delimitation after the 2025 census, the assembly seat may increase from 182 to 210. That means after 27 years there will be an increase in assembly seats in Gujarat. Along with the new delimitation, as the government has also made preparations to pass the law regarding 33% women reservation in the Lok Sabha and the Legislative Assembly, the new delimitation will also announce the reserved seats for women, currently there are 13 women MLAs out of 182 seats in Gujarat.

Investors who invested in the unlisted market suffered huge losses

The Indian stock market is running alongside the secondary market as well as the primary market. However, with the IPO being released in the primary market, the gray market is seen to be active and there is a premium called, which is the price of good companies is called and investors have done the work There are reports of. Similarly, there are deals of unlisted companies as well. The leading group and the leading companies deal with the prices of these companies whose IPOs have not come but are going to come in the short term, but for the last few years, the companies who bring IPOs is, which sees large discounts compared to its unlisted price against the IPO price and these discounts have been seen in the range of 25 to 50 percent, allowing investors who have already invested has suffered a huge loss. In which the IPO price of PB Fintech was Rs 940-980 per share. Whereas, in November 2023, its unlisted price was Rs 1800 per share. That is, this IPO has come at a discount of 45 percent. The IPO that has recently opened has come at 32% discount against the unlisted price of the IPO of SBI Funds. It had an unlisted price of Rs 850 in June. The IPO offer is priced at Rs 574 per share. This IPO has come at a discount of 32 percent. In addition, the IPO of the AGS transaction was valued at Rs 185-195 per share. But in January 2022, its unlisted price was Rs 550 per share. There was also a lot of hype in the unlisted space about HDB Financial. The liquidity in the stock was also very good. The IPO was priced at Rs 700-740 per share. At the same time, its unlisted price was Rs 1200-1250 per share. That is, this IPO has come at a price 40 percent lower than its unlisted price. Speaking of UTI AMC, its IPO price per share was 552-554. But in the unlisted space its price has reached around Rs 1100 per share. This IPO has also come at almost half the price of its unlisted price. The IPO price of Tata Technologies was Rs 475-500 per share. Whereas, in November 2023, its unlisted price was Rs 950 per share. That is, this IPO has come at a discount of 47 percent. Similarly, if we look at the IPOs of Wari Energies and Delhivery, the IPO price of Wari Energies was 1427-1503 per share. At the same time, its unlisted price in October 2024 was Rs 2700-2750 per share. Delaware's IPO also came at 50 percent less than the unlisted price. If you only invest in an unlisted space with the expectation of an IPO, it is a big warning for you. SEBI is also constantly alerting in this regard. It is important to keep in mind that there is very little liquidity in the unlisted space. However, investors who do not get allotment of shares in the IPO and are excited to invest in the company, get caught in this trap and know its real value Without buying, they hope to get more profit in IPO, but it is fraudulent. Currently, the much talked about exchange NSE also has an IPO coming up and there was a huge demand for its unlisted shares, the price of which used to be around Rs 2500. Now it has to be seen how much the IPO price keeps, the discount is also being considered to be spoken. This is evident from SBI Funds' IPO, which has dropped 32% on its unlisted price. Those who used to think that buying in the unlisted market before the IPO would benefit, now they have a big shock. There was a huge loss in the process of pocket filling in the unlisted market in this IPO. It's not just about SBI funds. If you look at the past records, a lot of IPOs that had a lot of hype in the unlisted space have cheated investors.

Govt claims slight drop in mileage with e20 fuel, but benefits are more

India's transition to E20 fuel is the result of long planning, policy preparation, discussions with industry and scientific testing that began in 2001. The route from E10 to E20 went ahead after the roadmap announced in 2021 and inter-ministerial committee discussions. However, the Ministry of Petroleum admitted that some vehicles could experience a mileage reduction of up to 3-5 percent with E20 fuel. But he stressed that the debate should not be limited to mileage alone. Before the government implemented E-20, there were several rounds of discussions with vehicle manufacturers, component suppliers, testing agencies, research institutes and technical experts. The ministry made it clear that if the manufacturers were not satisfied, they would not endorse the fuel or validate the vehicle's warranty. Almost every manufacturer today recognizes the warranty for E20, because they have been part of the process. All aspects like engine calibration, material compatibility, fuel systems, durability, drivability, emissions and fuel efficiency were evaluated before implementing the e20. Key Benefits of E-20 • Higher Octane Rating: Improves fuel quality. • Anti-knock properties: Reduces engine knock. • Cleaner combustion: reduces smoke and pollution. • Smooth acceleration: The driving experience becomes smoother. • Reduced carbon emissions: Environmentally friendly.

Say, the number of mobile phones is more than the population in Gujarat

Smart phones have become a part of life, the number of which is constantly increasing. A fact has emerged in Gujarat that the number of mobile phones has increased against the population of the state. Telecom operators added 4.06 lakh new customers in May, taking the state's teledensity to cross 100 per cent for the first time in nearly five years, according to data released by TRAI recently. The total telecom subscriber base in Gujarat has reached 7.2 crore, making the teledensity above 100 percent for the first time since July 2021. The reasons for the increase in subscribers include the addition of new customers due to migrant workers, as well as operators expanding their networks, especially in rural areas, while requests for portability also contributed to the overall increase. Competition among operators is also a big factor for this. Company wise, Reliance Jio has been the largest telecom provider in the state with 3.33 crore customers, followed by Vodafone Idea with 1.98 crore, Bharti Airtel with 1.57 crore and BSNL with 32 lakh customers. A TRAI report revealed that the number of 5G fixed wireless subscribers in Gujarat increased from 6.75 lakh in April to 6.84 lakh in May.

One more chance to exchange Rs 2000 currency notes

If you have Rs. If you have a 2000 currency note, you can exchange it. RBI once again told people that they are still considered legal tender, so you can change it. Often people keep it, and if found, they can return it to the Reserve Bank. On May 19, 2023, the Reserve Bank of India has announced Rs. A circular was issued to withdraw the 2000 currency notes from circulation. Then RBI is advising people to deposit Rs 2000 notes. While the old notes of Rs 500 and 1000 were stopped. A new pink note of 2000 was then issued, which was also promptly withdrawn from the market. The Reserve Bank of India has once again reminded people that most of the 2000 notes have been returned, but if you still have any notes, it is important for you to know that these notes are still considered legal tender. According to RBI, if you want, you can send these notes by post to any issue office of RBI and deposit the money in your bank account.

Inauguration of newly constructed RTO office in Ahmedabad

A state-of-the-art Regional Transport Officer (RTO) office was inaugurated in Ahmedabad by Deputy Chief Minister Harsh Sanghvi. On this occasion, Deputy Chief Minister Harsh Sanghvi said that the state government is committed to provide technology-based, transparent and fast services to the citizens. Various services including driving license will be more easily available at the new RTO office.

SBI Funds Management's IPO fetched a premium of 90 in the gray market

SBI Funds Management Rs. 11693 crore IPO coming up, which has become active in the gray market. SBI Funds Management Rs. 11693 crore IPO coming up, which has become active in the gray market. Given the gray market trends, around Rs. 644 suggests a potential listing price, about a 13 percent premium over the upper price band. Company Rs. 574 fixed issue price. Premium of SBI Funds Management in gray market is Rs. The price of 90 to 94 is being discussed. While Big HNI Rs. 7000, Small HNI Rs. 1800 and for retail investors Rs. 1000 is quoted. While the premium price of subject two is Rs. 56 is being called.

By June 2027, Sensex will cross one lakh mark

If the clouds of global uncertainty are dissipating and there is peace again, Sensex in the Indian stock market may cross one lakh by next June 2027. However, its probability is considered to be only 25 percent. Which is considered as a bull case. That is, if most factors remain in favor of the market, this target can be achieved.

Mobile recharge will be expensive, increasing by 10 to 15 percent

At a time when mobile recharges have become very expensive in the past few years, another jolt is set to come. Again mobile recharge is going to be expensive. According to a new report, telecom companies in the country may hike mobile tariffs by 10 to 15 percent in the next three to four months. It is believed that reduced competition in the telecom market and increasing demand for 4G-5G services has made it easier for companies to raise prices. According to a research report, the Indian telecom market is now limited to large companies, due to which the possibility of increasing tariffs has become strong. The report estimates that mobile plan prices will increase by up to 15 percent in the next 3 to 4 months. The effect of which is to pay more for both prepaid and postpaid. It is worth mentioning that a large number of customers are shifting to 5G network. Apart from this, the number of postpaid customers has also increased, the average subscriber revenue of telecom companies is also estimated to increase by one to one and a half percent, while the earnings of the companies continue to increase due to better network services and more data usage. Talking about telecom companies, both Jio and Airtel are strengthening their position in the market. In which Reliance Jio can add 70 lakh new customers, while Airtel can add 50 lakh customers, Vodafone Idea can only add 2 lakh new customers. The main reason is that Jio and Airtel now provide 5G services in more than 90 percent of the country's districts. They are attracting customers to 5G.

The company that gave the loan went into debt

There is a finance company, which used to provide loans, but the company had to take loans from other companies to maintain its business, which has now failed to pay its installments and the company is trapped in debt. As a result, Star Housing Finance CEO Kalpesh Dave has resigned. Debt-ridden Star Housing Finance said in an exchange filing that its executive director and CEO Kalpesh Dave's tenure has ended. Due to which the condition of the company's shares is bad. Share price below Rs.10 Rs. Below 7 has been spoken. According to a PTI report, Star Housing Finance informed two financial institutions, Hinduja Housing Finance and LIC Housing Finance, about the default in payment of term loan installments on April 7. Mumbai-based company Basinvictus Private Limited had expressed interest in buying a stake in Star Housing Finance in May after defaulting on loan installments. He asked to invest 200 crore rupees. Star HFL said in a regulatory filing that Basinvictus Pvt Ltd intends to acquire a majority stake through this investment. Also, after getting all the necessary approvals, it wants to buy the stake of the promoters and the largest investor ARCfin Investments & Advisors Limited through a secondary purchase. Star Housing Finance Limited, was established in 2005, i.e. the company is 21 years old. According to a report, Star Housing Finance Ltd has a total financial debt of Rs 410 crore, which includes short-term and long-term debt obligations.

Amazon will invest 1.23 lakh crore in India

Amazon will invest Rs 1.23 lakh crore in India. This amount will be used for expansion of artificial intelligence i.e. AI and cloud infrastructure in the country. It will provide employment to around 38 lakh people in the country. The company's CEO Andy Jessie made the announcement after meeting Prime Minister Narendra Modi during his visit to India. The company will invest a total of ₹8.31 lakh crore by 2030 The special thing is that the company has asked to invest about 4.53 lakh crore rupees in India within 6 months. Earlier in December 2025, Amazon had talked about an investment of 35 billion dollars i.e. about 3.30 lakh crore rupees in India. This investment will be made between 2026 to 2030. At the same time, between 2010 and 2030, Amazon's total investment in India will be more than 88 billion dollars or about 8.31 lakh crore rupees.

Welcome to the Jungle- Fun movie with entertainment

Bollywood has a unique history of multi-starrer comedy films. Whenever the characters of the big cast come on screen, the audience is reminded of the era of 'Andaz Apna Apna' or 'Hera Pheri'. Carrying on this legacy, 'Welcome to the Jungle' has been released theatrically by Star Studio 18 in association with Sita Films and Rakesh Dang. Director Ahmed Khan has proved that with the perfect comic timing of the cast and the grip of the screenplay, the runtime of over two and a half hours is over in the blink of an eye. The film doesn't try to be too serious. Instead, his bold and self-aware nature becomes his greatest strength.

Metro Phase 2 Opens New Corridor

The expanded metro now connects Motera to the city’s western suburbs.

GIFT City Adds 12 New Fintech Firms

India’s first operational smart city continues its rapid growth.

Ahmedabad to Host International Series

Narendra Modi Stadium confirmed for the upcoming marquee fixtures.

City Startup Raises Record Funding

A local SaaS firm closes the largest seed round from Amdavad yet.

New Riverfront Stretch Inaugurated

Phase 2 adds gardens, plazas and cycling tracks along the Sabarmati.

Heritage Week Returns to the Old City

Guided pol walks and cultural evenings across the walled city.