Let's Talk Gujarat, Ahmedabad (2025)

01/08/2025

launches $110 million global angel fund via GIFT City for early-stage startups

The fund will focus on early to pre-Series A investments, with ticket sizes ranging from $100,000 to $1 million.

Early-stage venture capital firm Inflection Point Ventures (IPV) has launched IPV International, a $110 million Category I Angel Fund registered under GIFT City’s IFSCA (International Financial Services Centres Authority) framework....
http://infoblaze.com/news/details/114050

International Financial Services Centers Authority

Via www.thehindubusinessline.com

28/07/2025

VinFast opens first India showroom

The Surat outlet marks VinFast’s first physical touchpoint in India and highlights its long-term commitment to building a robust, customer-centric electric mobility ecosystem.

Auto India, a subsidiary of Vietnamese electric vehicle (EV) maker VinFast, has begun its retail journey in the country with the inauguration of its first showroom in Surat, Gujarat on July 27.....
india

http://infoblaze.com/news/details/113985
Via vietnamplus.vn

27/07/2025

Adani Energy kick-starts cooling solutions business with 42,000-tonne district cooling facility in

Company in talks with developers for cooling systems: Kandarp Patel, CEO, AESL

Kick-starting its cooling solutions business, Adani Energy Solutions Ltd (AESL) said it is currently implementing projects having 52000 tonnes of Refrigeration (TR) capacity, which includes building India’s largest district cooling facility at Mundra in Gujarat.....
http://infoblaze.com/news/details/113973

Adani Group

Avinash Nair
Via www.thehindubusinessline.com

25/07/2025

in talks to acquire L&T thermal unit in $1 billion deal: Report

Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge

Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter.....
http://infoblaze.com/news/details/113950

Via business-standard.com

24/07/2025

HCL Technologies plans techfin hub in GIFT City

To employ 1,500 persons at its centre in GIFT City

Techfin hubs are becoming the largest employers in GIFT City in Gujarat. HCL Technologies Ltd is the latest to join an elite list of 18 tecfin and fintech entities comprising Infosys, Wipro, and Cognizant, who have either set up their respective centres or have proposed to build one....
http://infoblaze.com/news/details/113939

HCLTech

Avinash Nair
Via www.thehindubusinessline.com

17/07/2025

DP World, Indian Port, Nevomo sign MoU to Explore Autonomous Maglev Freight

- DP World, Deendayal Port Authority and Nevomo sign mou to explore autonomous magnetic rail freight movement in India

- Marking a national first, the pilot explores next-generation freight movement within a live port environment to accelerate India’s transition to intelligent, sustainable logistics

DP World, the Deendayal Port Authority (DPA), and Nevomo have signed a Memorandum of Understanding (MoU) to explore potential opportunities for cooperation in the development and implementation of a pilot project using Nevomo’s MagRail proprietary technology for the self-propelled movement of rail-based cargo and freight within the existing port ecosystems.....
http://infoblaze.com/news/details/113845

08/07/2025

invites the bid to operate the upcoming foodhub, featuring both global and Indian food brands.

GIFTCL issues RFP document for allotment of space for operation of food zone in Gift City at central park on lease basis

Gujarat International Finance Tec-City Company Limited, (GIFTCL) is developing a global financial services hub, known as GIFT City, on various land parcels, situated in Gandhinagar, Gujarat, which is catering to India’s large financial services potential by offering global firms, the world class infrastructure and facilities.

As part of development of the GIFT City, Food zone is being developed at Central Park which will cater to employees, residents and visitors of GIFT City and nearby area having multiple cuisine options catering to the taste of variety of users coming to GIFT City from India and across the globe....
https://bit.ly/3GxW5bZ

03/07/2025

Mashreq becomes 1st UAE-based bank to get in-principle nod to set up branch in GIFT City

Mashreq becomes 1st UAE-based bank to get in-principle nod to set up branch in GIFT City

Mashreq, a UAE-based lender, is set to establish an International Financial Services Centre Banking Unit in Gujarat International Finance Tec-City. It has received in-principle approval for this. Mashreq becomes the first UAE bank to achieve this milestone from the International Financial Services Centres Authority. The branch is expected to be operational by the fourth quarter of 2025.

UAE-based lender Mashreq on Wednesday announced that it has received in-principle approval (IPA) to open a new International Financial Services Centre Banking Unit (IBU) within the Gujarat International Finance Tec-City (GIFT City)....
https://bit.ly/4lyyvKW

Mashreq

Via http://economictimes.indiatimes.com

30/06/2025

to acquire from at ₹25,689 cr valuation

Torrent Pharma will acquire KKR's 46.39% stake in JB Pharma followed by open offer and merger, strengthening chronic segment and CDMO footprint in India and abroad

In one of the largest pharmaceutical deals in India in recent years, Ahmedabad-based Torrent Pharmaceuticals will acquire a controlling stake in investment firm KKR-backed JB Chemicals and Pharmaceuticals (known as JB Pharma) at an equity valuation of ₹25,689 crore....
http://infoblaze.com/news/details/113602

Sohini Das
Via business-standard.com

24/06/2025

Adani launches India’s first off-grid plant in

The facility, announced on June 23, 2025, operates entirely on solar power integrated with a Battery Energy Storage System

Adani New Industries Limited (ANIL) has commissioned India’s first off-grid 5 MW green hydrogen pilot plant in Kutch, Gujarat, marking a significant step in the country’s clean energy transition. The facility, announced on June 23, 2025, operates entirely on solar power integrated with a Battery Energy Storage System....
https://bit.ly/3T63YIs

Adani New Industries Ltd.
Adani Group

Via www.thehindubusinessline.com

11/06/2025

Banks from , queue up at Gift City

Credit Agricole Corporate and Investment Bank, Natixis and Societe Generale from France and two banks from the UAE have come forward to set up IFSC Banking Units in Gift City

There has been a sudden influx of foreign banks looking to set up base in Gift City in Gujarat. While Credit Agricole Corporate and Investment Bank, Natixis, Societe Generale are the first three financial entities from France who have come forward to set up IFSC Banking Units (IBUs), two banks from the United Arab Emirates (UAE) have also made similar applications....
https://bit.ly/3Hzx7JA

Avinash Nair
Via www.thehindubusinessline.com

11/04/2025

Adani to start India’s largest copper smelter in within a month

While the smelter’s commissioning has already begun, the full-scale operation marks a strategic move to meet India’s surging copper demand amid its industrial and clean energy growth

Adani Enterprises Ltd is preparing to start a major smelter in India in the next four weeks that will refine copper concentrate, the company’s head of metals, Felipe Williams, said on Thursday.....
https://bit.ly/43OhTti

Adani Group

Via www.thehindubusinessline.com

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