Top 10 Business News Updates in Gujarati for the Month of January
The beginning of a new year always brings new opportunities and challenges for businesses across the globe. In Gujarat, January was a month full of surprises, with several notable developments taking place in different industries. Here are the top 10 business news updates in Gujarati for the month of January.
1. Reliance Industries Limited records massive revenue growth in Q3
Reliance Industries Limited, one of India’s leading conglomerates, recorded a massive 12.5% growth in revenue for Q3 FY21. The company’s net profit also surged by 12.5%, thanks to a strong recovery in its petrochemicals segment.
2. BSE announces the launch of ‘BSE Startups’ platform
The Bombay Stock Exchange (BSE) announced the launch of ‘BSE Startups’, a platform that aims to connect startups with potential investors and venture capitalists. The initiative is part of the BSE’s efforts to support the Indian government’s ‘Startup India’ program.
3. Gujarat to set up a new pharmaceutical park in Ahmedabad
The Gujarat government announced its plan to set up a new pharmaceutical park in Ahmedabad, dedicated to manufacturing active pharmaceutical ingredients (APIs) and intermediates. The park is expected to attract investment of over INR 5,000 crore and generate employment opportunities for thousands.
4. Mahindra & Mahindra to invest INR 3,000 crore in EV business over three years
Mahindra & Mahindra, one of India’s largest automobile manufacturers, announced its plan to invest INR 3,000 crore in its electric vehicle (EV) business over the next three years. The company aims to launch multiple EV models across different segments and strengthen its position in the Indian EV market.
5. Bank of Baroda to raise up to INR 4,000 crore via bonds
Bank of Baroda, one of India’s largest public sector banks, announced its plan to raise up to INR 4,000 crore through the issuance of Basel III-compliant bonds. The funds will be used to meet the bank’s capital requirements and support its lending activities.
6. Gujarat to set up a new startup hub in Vadodara
The Gujarat government announced its plan to set up a new startup hub in Vadodara, aimed at nurturing and supporting startups in different sectors. The hub is expected to attract investment from both domestic and foreign investors and create a vibrant startup ecosystem in the city.
7. Adani Ports and SEZ acquires 100% stake in Krishnapatnam Port
Adani Ports and Special Economic Zone (SEZ), one of India’s largest port operators, acquired a 100% stake in Krishnapatnam Port, located in Andhra Pradesh. The acquisition is expected to further strengthen Adani Ports’ position as a leader in the Indian port industry.
8. Zydus Wellness acquires Heinz India for INR 4,595 crore
Zydus Wellness, a subsidiary of Zydus Cadila, announced the acquisition of Heinz India, a leading food processing company, for INR 4,595 crore. The acquisition is expected to help Zydus Wellness diversify its portfolio and enter the fast-growing food and beverages market in India.
9. CCI approves Flipkart acquisition of Walmart India
The Competition Commission of India (CCI) approved the acquisition of Walmart India by Flipkart, India’s leading e-commerce platform. The acquisition is expected to bolster Flipkart’s position in the growing e-commerce market in India and support its expansion plans.
10. Tata Sons to acquire majority stake in BigBasket
Tata Sons, the holding company of Tata Group, announced its plan to acquire a majority stake in BigBasket, India’s leading online grocery delivery platform. The acquisition is expected to help Tata Group strengthen its position in the online grocery market in India and expand its digital footprint.
In conclusion, January was a month full of notable business developments in Gujarat, indicating promising growth prospects for different industries in the state. These business news updates indicate a clear focus on innovation, diversification, and expansion, which are at the core of sustainable business growth strategies.
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