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Diamonds sold! Rana Kapoor now owns only 900 shares in YES

Promoter entities YES Capital and Morgan Credits have sold their remaining 0.8% stake.

Gujarat

Nov 19, 2019, 03.27 PM IST

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GUJARAT

Solar power to breathe life back into defunct sewage treatment plants in Gujarat

The defunct sewage treatment plants (STPs) in the 170 municipalities across Gujarat are expected to be made functional again using solar power. The state government’s urban development department has initiated a pilot project to run STPs in eight municipalities and water treatment plants (WTPs) in 15 towns on solar energy instead of the conventional electricity.

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  • The move could have a huge implication for the country’s restaurant sector Restaurants across India, such as McDonald’s and Pizza Hut, are currently levied 5% GST and they cannot claim ITC on the tax paid on expenses, including raw materials and rent.

    There are corporate actions that often bring material changes to a company, directly affecting stakeholders.

    The Union Cabinet Minister for Women and Child Development Smriti Irani danced with swords in Gujarat’s Bhavnagar district on November 15. S...

    Among the stocks that touched their 52-week lows were Apollo Micro Systems and Gujarat Fluorochemicals.

    Essar Steel and Gujarat State Petroleum Corporation have won two-thirds of the natural gas Reliance Industries offered in an auction. Essar Steel, which has been in news lately for its bankruptcy, is learnt to have won 2.25 mmscmd, while GSPC got 1.2 mmscmd. RIL-BP sold all the gas offered.

    Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in the day long auction conducted on November 15. Gujarat State Petroleum Corp (GSPC) picked up 1.2 mmscmd while Adani Group, Mahanagar Gas Ltd and GAIL bought 0.3 mmscmd each, sources said. Hindustan Petroleum Corp Ltd (HPCL) bought 0.35 mmscmd.

    In the absence of registration of the association, residents or allottees of the houses can file complaints in individual capacity or through power of attorney, says an important new order by the Gujarat Real Estate Appellate Tribunal.

    Farmers in Gujarat witnessed damage to their crops due to excess rains that lashed the state even after the monsoon season officially ended. Deputy Chief Minister Nitin Patel said the move would benefit over four lakh farmers in the state.

    Researchers led by K. M. Sreejith of the Space Applications Centre, ISRO in Ahmedabad, Gujarat noted that North Korea withdrew from the Treaty on the Non-Proliferation of Nuclear Weapons in 2003.

    The Gujarat Maritime Board (GMB) had signed an MoU with Foresight Group to set up this port terminal at Bhavnagar in the Vibrant Gujarat Summit held in January this year.

    "Maha is no longer a cyclone. It has become a depression into the sea without hitting the Gujarat coast. Rain may occur in most districts during the next 2 days," the Ahmedabad IMD centre's director Jayanta Sarkar said. However, fishermen have been advised not to venture into the sea during the next 12 hours as the weather conditions there will be "rough to very rough".

    Though most of them are smallcaps, a few largecaps and midcaps too figured in the list.

    ONGC Petro additions (OPaL), a JV between ONGC, Gujarat State Petroleum Corporation and Gail at the Dahej SEZ, is working towards getting the domestic tariff area (DTA) access to gain from the lower tax regime now. A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports.

    Gujarat’s minister of state for home, Pradipsinh Jadeja, told media persons on Tuesday that the passage of the legislation in this bordering state will give sufficient power to police officials and enhance the security of the state. He said the Act will also help control cybercrime and narco-terrorism fuelled by terrorist outfits from across the border.

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