As part of its focus on developing startups across the world, Goldman Sachs is looking at training and development of around 29 select women entrepreneurs in India.
"India and China are the two countries which have showed growth," he said in Ahmedabad. "India has high positive growth and it is faced not with recession but a slowdown," he added.
In the wake of interest rates coming down, realty companies seem to be banking on low cost affordable housing projects.
EON48 offers intuitive user interface and touch sense navigation for efficient call management and one touch access to system features.
In a bid to increase efficiency, telecom major Vodafone Essar is set to relocate over 1,500 of its employees to Ahmedabad from all over the country.
Despite a troubled job market that could continue for another year or more, many B-schools are looking at expanding the number of seats by up to 50 per cent and launching new programmes. B-schools maintain the demand for good students will remain even in a troubled job market and the student pool and programme portfolio need to be expanded. "Besides, when these students pass out in the next two years, the market will be better," said a director from one of the institutes.
Car lovers have yet another reason to rejoice with the launch of BIGgaddi.com,a unique and informative automobile portal, specialising in online buying and selling of used and new cars and two-wheelers.
Lignite contributes large part of total royalty income in the state. Lignite production in Gujarat is estimated to be decline by 10 lakh tonnes this year on account of closure of Panandhro mines, according to government sources. Last year, the lignite production in the state stood at 99 lakhs (9.9 million) tonnes resulting into a royalty income of appoximately Rs 50 crore (Rs 500 million).
Mumbai, the largest metropolitan city of India, may well be on the path taken by cities like Amsterdam and Netherlands, if it gets inspired to implement sustainability development.
Mumbai-based SP Jain Institute of Management and Research has announced that it will provide initial financial assistance to the tune of Rs 20 lakhs (Rs 2 million)to any of its students who wishes to don the entrepreneurial hat. The business school has set up an entrepreneurship cell in association with National Entrepreneurship Network.
Apart from textiles, gems and jewellery, engineering, chemicals and petrochemicals, which are the sectors where the state has proved its strength, the new policy will focus on potential sectors such as agri business, fisheries and informal sector. Emerging sectors such as IT/ ITEs, nano technology, biotechnology, non-conventional energy resources have been given priority in the policy.
Reliance Petroleum, a subsidiary of Reliance Industries, India's largest company by market capitalisation, today commissioned its second refinery in a special economic zone (SEZ) at Jamnagar, adjacent to its existing facility, in Gujarat that will add 20 per cent to India's total crude oil refining capacity.
Meanwhile, pre-construction work has begun at the Nano plant site in Sanand near Ahmedabad. Spread across an area of 1,100 acres of land, the plant will bear an investment of Rs 2,000 crore (Rs 20 billion).
Arvind, Electrotherm, Shah Alloys have surplus power to sell. Ahmedabad-based stainless steel manufacturer Shah Alloys, denim maker Arvind Ltd and electric two wheeler producer Electrotherm are currently producing surplus power from their CPPs and they are looking at selling it.
Going by the adage 'necessity is the mother of invention', business process outsourcing knowledge process outsourcing units in Gujarat keep finding unique ways to cut cost amidst economic slowdown.
Spencer's Retail, the retail arm of RPG Group, says it has seen a 30-40 per cent decline in the rentals in Tier-II and -III cities. In Tier-I and metropolitan cities, the correction is in the range of 15-20 per cent, and a further correction and its impact is likely to come in the next few months.
"The textile industry is dying and requires increased help from banks," Ram Krishna Mundra of Mahendra Tora Pvt Ltd said on November 26. Power loom owners and weavers have been hit hard during the recent times. "The textile industry should be given an electricity duty subsidy to overcome the current crisis," he demanded. Vimal Ambani, president-Gujarat chapter, CII, said a unified national tax structure was needed to strengthen the industry.
The innovation called 'blind man's stick' aspires to make life easy for the visually challenged by alerting them if they are stepping on water or into a pit through a multi-lingual voice recorded system.
Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
Farmers say they are paid lesser by Rs 110 per sq meter for road project. A day before the announcement of Nano project at Northcote farm in Chharodi village in Gujarat, the Ahmedabad district collector along with revenue department officials had assured the farmers that they would be duly compensated for the amount of land they given for four lane road project.
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