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Reliance Capital gets allotment of 5 lakh sq ft from Gujarat Government

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Ahmedabad: Anil Ambani-led Reliance Capital Limited (RCL) has acquired 5 lakh square feet of space in Gujarat International Finance Tec-City (GIFT), a project of the state government, in the International Finance Service Centre (IFSC) Special Economic Zone.

It was announced today by GIFT that it has allotted 5 lakh square feet of space to  RCL.

The company was allotted this space in the International Finance Service Centre (IFSC) Special Economic Zone, being set up under the GIFT project. This is the largest space taken by any private sector company in IFSC under GIFT till date.

The allotment was announced by Ramakant Jha, managing director and group chief executive officer, GIFT Company Limited, and the letter of allotment was handed over to Sam Ghosh, executive director, Reliance Capital, on Wednesday.

“This allotment is expected to bring in investment of around Rs.200 crore and generate employment for around 2,500 persons in the next three years,” Jha said.

“We are starting the process for requisite approvals from regulators, and expect to launch the proposed businesses here shortly,” Ghosh said.

Reliance Capital said that it plans to set up a host of emerging business — including Alternate Investment Funds, Commodity Exchange Business and other International Business — in the GIFT facility, subject to requisite approvals from the regulators.

The company said that it has developed a strong Alternate Investment business, and has already raised a corpus of Rs.2,000 crore in the last two years.

Reliance Capital will also use the GIFT facility to set up its International Commodity Exchange Business.

-With inputs from IANS

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Forbes Rich List 2017: Acharya Balkrishna of Patanjali Named as 19th Richest Indian

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Acharya Balkrishna
Acharya Balkrishna. Wikimedia

Oct 05, 2017: Patanjali Ayurveda’s Acharya Balkrishna, the partner of yoga acharya Ramdev, has bagged the nineteenth position this year in the Forbes magazine’s Annual India Rich List 2017 with total assets of $6.55 billion (Rs. 43,000 crores).

Reliance Industries Ltd. foreman Mukesh Ambani managed India’s wealthiest position for the tenth straight year as his total assets swelled to $38 billion (Rs. 2.5 trillion), while Anil Ambani was positioned much lower at the 45th place with $3.15 billion.

Sun Pharma’s Dilip Shanghvi moved down from his previous second place to the ninth.

Also Read: British-Indian Actor Kunal Nayyar Ranks Fourth on Forbes Magazines List of World’s Highest-Paid TV Actors 

Wipro’s Azim Premji held the second position with total assets of $19 billion, climbing two spots from a year ago.

The Hinduja brothers are at the third position with $18.4 billion, while Lakshmi Mittal is presently positioned fourth ($16.5 billion) and Pallonji Mistry fifth ($16 billion).

Forbes said the rundown was arranged utilizing shareholding and budgetary data secured from the families and people, stock trades, investigators and administrative offices.

 

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Hello Foodies ! You Can Spot These 8 Street Foods at Every Nook and Corner in India

Here is a list of delicious street food items, now available everywhere in India

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Delicious Street Food
Delicious Street Food in India. Wikimedia

Sep 02, 2017: Street foods in India is the new trend amongst foodies these days and are indeed delectable to savor. Previously, it was known that street food confined to a particular region. However, nowadays, a south Indian food can be found even in the north of the country and here is why you don’t need to go all the way to Assam to eat momos.

Many street food items have become quite popular throughout. Let’s have a look at these street food items.

Here is a list of delicious street food items, now available everywhere:

Vada Pao

Street Foods
Vada Pao in Delhi. Wikimedia

Vada Pao is the Indian style burger, quite famous in Maharastra. Fried potato dumplings are stuffed inside pao and are coupled with green chili and spicy chutney that add flavor to this Maharashtrian dish.

Chaat

Street Foods
Papri Chaat. Wikimedia

The sweet, tangy, and spicy taste of Aloo tikki, Gol Gappa, bhelpuri, Sevpuri, will tempt you. This is a mouth-watering street food from Uttar Pradesh. It adds extra taste to your buds when garnished with curd and chutney.

Momos

Street Foods
Cabbage Momos. Wikimedia

The white colored steamed snack of North East is getting popular amongst Indians these days. It makes an awesome combo when served with spicy red chutney and hot momos.

Also Read: “Regionality is What Sets Indian Food Apart” from the Cuisines Across the World, says MasterChef Australia Judge Gary Mehigan 

Poha Jalebi

Street Foods
Poha the staple breakfast of India, with Jalebi. Wikimedia

Sweet jalebis served with salty poha is a trademark street food of Madhya Pradesh. Now the combination is a hit amongst people of the country.

Idli Sambhar

Street Foods
Idli-Sambhar-Coconut chutney. Wikimedia

Idli Sambhar is the most popular street food of Tamil Nadu in India. It is a delicious combo of idli, sambhar and coconut chutney.

Chole Bhatura

Street Foods
Chole bhature. Wikimedia

Chole Bhature, a favorite dish of every Indian is chiefly a treat of Punjab.  It is served with green chilies, onions, and chutney.

Dhokla

Street Foods
Gujarati Dhokla (Khaman Dhokla). Wikimedia

The sweet-sour Dhoklas are a specialty of Gujarat state. It is a famous street food baked from the fermented batter of gram flour. This treat is also served with chutney and green chilies.

Pyaz ki Kachori

Street Foods
Rajasthani Pyaz ki Kachori. Wikimedia

Pyaz ki Kachori was originated in Jodhpur city of Rajasthan. The dish is now relished all over India. These crispy and flaky kachoris with onion masala, garnished with sweet tamarind chutney will throb your heart.


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India Has the World’s Largest Ship Graveyard in Gujarat

From being the focal point of the world where ships were to be sent, Alang is left behind with scarcely any work

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Ship Graveyard
Ship Graveyard. Wikimedia

July 24, 2017: Ships have a life. Does it sound peculiar to you? After you get down from the wonderful journey you probably never think about the ship again, however, ships also have an existence cycle, similarly as we do. Alang in Gujarat has the biggest ship graveyard on the planet where voluminous tankers and luxury ships are rejected on the Alang shore front. Here, things are distinctive and it notices a greater amount of old things than newly composed ones.

A Ship graveyard is a place where ships are sent to be decomposed.

 

Ship graveyards are the ones that are made particularly for decomposition of the ship. Alang has a 10 km long coastline where ship breaking is done. The First ship was brought here in 1983 and from that point onwards 6,900 ships have been disassembled there.

Despite the fact that 60% of the world’s aggregate ship breaking is done in Alang, the place has seen lots of ups and down. From being the focal point of the world where ships were to be sent, it is left behind now with scarcely any work.

This recycling industry is valued at 6,000 crores. In the year 2010-2011, they had utilized 20,000 laborers and generated more than a lakh employments. The ships that once rode the high oceans ended up on the shores of Alang. With the passage of time, the oil-drenched shoreline looks infertile, with just a couple of ships dotting the skyline, their rusted anchors, and chains is an evidence of a shoreline that once cut down hulks.

Ships that once carried many vacationers to exquisite areas and carried voyages to far-flung ports are among the vessels from all the world that have wound up on Alang’s shores post the termination of working lives. They are scrapped for their steel which can be sold for use in development.

Alang’s shoreline as a ship breaking yard benefitted from this labor-intensive exercise of crushing these vessels. Such work can be carried out in nations with cheap labor and lesser restrictions in terms of dealing with hazardous substances, for example, India, Bangladesh, and Pakistan.

Japan and the Gujarat government have held hands to redesign the current Alang ship breaking yard. This is a part of the Delhi Mumbai Industrial Corridor, a venture between the Japanese and Gujarat government. The venture’s point is to make this shipyard the biggest International Maritime Organization-compliant recycling shipyard in the world.

– prepared by Naina Mishra of Newsgram. Twitter @Nainamishr94