Accused in 1993 Surat blasts get 20-year imprisonment

Gujrat, SuratAhmedabad, Oct 4 : A Terrorist and Disruptive Activities (Prevention) Act (TADA) court in Ahmedabad sentenced five accused of 1993 twin bombings of Surat including a former minister to 20-year imprisonment on Saturday.

In 1993, a bomb exploded in Varachha area on the outskirts of Surat in which a young girl was killed and a grenade was lobbed at a train stationed on a platform leaving 38 injured.

Former State Minister for Fisheries, Mohammad Surti of Congress party along with eleven others, was found guilty in bombings.

Gujarat Pipavav files DRHP with SEBI for 500 crore IPO

Gujarat Pipavav files DRHP with SEBI for 500 crore IPO Gujarat Pipavav Port Limited, the developer and operator of Pipavav port, the country’s first private sector port, has finally filed its Draft Red Herring Prospectus (DRHP) with market regulator (SEBI) for an Initial Public Offering aggregating to Rs 500 crore for cash at a price to be decided through a 100% book-building process.

Dabur plans to build `new-u` stores in Gujarat by 2011

Dabur India, country’s fourth largest FMCG firm has revealed its plans to launch Dabur plans to build `new-u` stores in Gujarat by 2011`new-u` stores in Gujarat by fiscal 2011.

According to the sources, the specialty beauty, health and wellness retail business will build stores in at least four major cities Such as Ahmedabad, Surat and Vadodara

Dabur India posted a 29.74 percent rise in net profits to Rs 701.40 million for the quarter ended in June 2008 from a profit of Rs 540.60 million for the same period previous fiscal.

Unitech bags spectrum in Gujarat and UP Service Areas

Unitech bags spectrum in Gujarat and UP Service Areas Unitech, India's second-biggest real estate developer, has informed that the Department of Telecommunications (DoT) has issued the letters to its telecom subsidiaries for the allotment of 4.4 MHz of spectrum in the 1800 MHz GSM band in Gujarat and Uttar Pradesh (West) Service Areas.

With this allotment, Unitech has been allotted intial spectrum in 12 service areas out of the 22 circles.

Earlier this month, the company received spectrum in Maharashtra, Mumbai, Punjab and Uttar Pradesh (East) service areas.

Nanavati Commission says Sabarmati Express fire was pre-planned

Over 2,400 people rescued from flood-hit areas in GujaratAhmedabad, Sept 25 : The first part of the Nanavati Commission report, tabled in the Legislative Assembly today, says that the burning of S-6 coach of the Sabarmati Express on February 27, 2002, was a pre-planned conspiracy and not an accident.

The Godhra report, tabled in the House as it met for a three-day session, gave a clean chit to Gujarat Chief Minister Narendra Modi.

GVFL picks 26.8% stake in Pegasus Semiconductors for Rs 3.5 crore

Gujarat Venture Finance Ltd.Gujarat Venture Finance Ltd. (GVFL) has acquired 26.8% stake in Pegasus Semiconductors Pvt. Ltd. for Rs 3.5 crore.

Ahmedabad-based Pegasus offers energy efficient and low cost lighting solutions using LEDs and solar technologies. Among various products of the company, the majority of business comes from 220V LED Street Light System, LED based Solar Home Lighting System and Street Lighting System.