Surat: Pioneers of the Community Boiler system in India, the Surat-based Steamhouse India Limited has filed its Updated Draft Red Herring Prospectus 1 (UDRHP I) with the Securities and Exchange Board of India (SEBI). The company had filed Confidential Draft Red Herring Prospectus (CDRHP) with SEBI on July 01, 2025 and received observations on the same on October 14,2025. The proposed initial public offering comprises equity shares of face value ₹2 each aggregating up to ₹425 crores, including a fresh issue of equity shares aggregating up to ₹345 crore and an offer for sale of equity shares aggregating up to…
Author: Melvyn Thomas
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Gandhinagar: Kutch and Saurashtra are all set to attract huge investments with the Gujarat tourism sector setting a new international standard, anchored by the development of Shivrajpur Beach, the state’s first coveted (Global Blue Flag Beach). This flagship initiative, which perfectly demonstrates a focus on world-class sustainable infrastructure backed by a massive ₹130 Crore investment commitment from TCGL (Tourism Corporation of Gujarat Limited). The stunning transformation of Shivrajpur Beach into a Global Blue Flag destination underscores Gujarat’s dedication to providing world-class, sustainable tourism infrastructure. This flagship success story guarantees that every Indian citizen can access an international-standard travel experience without…
Surat: In a proud moment for Surat and the Indian handicraft fraternity, Rakesh Jitendrakumar Petigara, an eminent master of Saadeli Wood Craft, has been conferred with the prestigious National Award for Handicrafts by President Droupadi Murmu, Government of India. The award ceremony, held at Vigyan Bhawan, New Delhi, honored his exemplary and outstanding craftsmanship in contribution to the preservation, innovation, and promotion of India’s and Surat’s GI-tagged Saadeli Wood Craft—a traditional craft heritage. Saadeli Art—an intricate, centuries-old craft form for which Surat is renowned—is officially registered under the Geographical Indication (GI) tag, and Petigara holds the authorized GI certification, further…
Ahmedabad : Ambuja Cements Limited, part of the Adani Portfolio and the world’s ninth-largest building materials solutions provider, becomes the first cement company to receive an Indo-Swedish grant for a pre-pilot Technology Feasibility study for Carbon Capture and Utilisation (CCU) in collaboration with the Indian Institute of Technology Bombay and Eco Tech, Sweden. The project emphasises collaboration between Swedish and Indian partners to co-develop scalable, sustainable, and industry ready CO2 capture and utilisation solutions. The Company plans to utilise captured CO2 – marking a transformative shift from conventional carbon storage to a circular carbon economy that reduces emissions and enables…
Gandhinagar: There is some good news for India’s gems and jewellery sector and the banks. The International Financial Services Centres Authority (IFSCA) has renewed the recognition of India International Bullion Exchange IFSC Limited (IIBX), located at the GIFT City in Gandhinagar, as both a Bullion Exchange and a Bullion Clearing Corporation for a period of three years, according to an official notification. IIBX is all set to play a defining role in streamlining India’s bullion imports by allowing competent jewellers and banks to directly source gold through GIFT City. With this recognition, IIBX will offer a stable exchange with lower…
Ahmedabad: For a progressive entrepreneur wanting to start a manufacturing unit, land remains a major roadblock. High prices, complex procedures, and prolonged government clearances often delay projects. In a first-of-its-kind move, the Bihar government has introduced a bold, business-friendly initiative—offering industrial land for just Re 1 per acre. Gujarat, one of India’s biggest industrial hubs with thriving textile, diamond, chemical, and manufacturing sectors, employs a significant number of Bihari workers who form the backbone of Surat’s textile industry. With Bihar’s latest policy push, Gujarat-based industrialists fear a potential mass shift of workers back to their home state. Ashok Jirawala, president…
Surat: Gujarat’s much-awaited PM MITRA Park, once projected as a transformational textile hub for the state, has come to a complete standstill. Despite the state government allocating 1,000 acres in Navsari’s Vansi-Borsi three years ago, work on the ground has not begun. Industry insiders say political tussles and pressure from a powerful builder lobby have pushed the project into uncertainty. Meanwhile, neighbouring states such as Madhya Pradesh and Maharashtra have moved far ahead, completing plot allotments and finalizing infrastructure plans, leaving Gujarat trailing despite being India’s largest textile base. Announced as one of the seven national PM MITRA Parks, the…
Ahmedabad: Have you ever wondered what connects Shanghai, Dubai, and Mumbai? The answer lies in the presence of iconic skyscrapers. Ahmedabad is gearing up to make a significant mark with over 31 skyscrapers in the pipeline along the SG Highway and in various neighborhoods such as Sindhubhavan, Ambli, Bopal, Thaltej, and Shilaj. A new skyscraper, reminiscent of the Burj Khalifa, is under construction in Ahmedabad. The tallest building in the state, akin to the Burj Khalifa, is set to be constructed in Ahmedabad, recognized as the financial capital of Gujarat. A new structure, reaching approximately 162 meters and featuring 38…
Ahmedabad: Bhujodi village in Kutch stands as a powerful centre of traditional craftsmanship and rural entrepreneurship. The village is home to 46 National Award-winning artisans, including 6 Sant Kabir Awardees, 20 National Award winners, 1 Shilp Guru, 4 Kalanidhi Awardees, and several National Merit Certificate and state-level Hastkala awardees. The skilled weavers of the Vankar community preserve Gujarat’s royal-era textile heritage through their dedication and traditional artistry. Artisan Nanji Bhimjibhai Kharet shared that the entire village has received strong training and exhibition support from the Weavers Service Centre. Bhujodi artisans also collaborate with top brands like FabIndia, Jaypore, and Garvi…
Ahmedabad: Adani Green Energy Limited (AGEL), India’s largest renewable energy company, has taken a significant step in its sustainability journey by mainstreaming the Taskforce on Nature-related Financial Disclosures (TNFD) framework. The TNFD framework provides organisations with a structured, science-based approach to identify, assess, manage, and disclose their dependencies, impacts, risks, and opportunities related to nature and biodiversity. By integrating this into an enterprise-wide strategy, AGEL strengthens its ambition to transition from traditional ESG compliance to a more integrated, nature-positive model of renewable energy growth, ensuring ecological wellbeing advances alongside clean energy expansion. Beginning in FY24, AGEL initiated company-wide assessments to…
