Latest news with #Ahmedabad-headquartered
News18
7 hours ago
- News18
Six persons involved in running 'unauthorised' fertility centre arrested
Agency: Last Updated: July 29, 2025, 21:15 IST Representational image (Image: News18) Hyderabad, Jul 29 (PTI) Six persons allegedly involved in running an 'unauthorised" fertility centre at Secunderabad here were arrested, police said on Tuesday. The centre is a branch of an Ahmedabad-headquartered company, they said. The centre was found collecting sperm from donors and sending it to Ahmedabad for analysis. It later shared the sperm with medical facilities in Hyderabad for the purpose of fertility, they said. Further investigation was underway. A police official denied media reports that beggars or daily wage labourers were hired for collecting sperm. Swipe Left For Next Video View all The arrest of the six persons comes close on the heels of an 'illegal" surrogacy and baby-selling racket being busted in the city two days ago with the arrest of eight persons, including the prime accused doctor and owner of a fertility clinic. The racket came to light after a couple discovered through a DNA test that the child, supposedly born through surrogacy, was not theirs, prompting them to approach the police. PTI SJR SJR KH (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Six persons involved in running unauthorised fertility centre arrested Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More
Time of India
21-07-2025
- Business
- Time of India
Torrent Power plans Rs 50,000 crore investment in renewable energy capacity expansion
In one of its most aggressive bets yet on clean energy, Ahmedabad-headquartered Torrent Power plans to invest nearly Rs 50,000 crore over the next three to four years, as the company races to scale up its renewable energy (RE) capacity and strengthen its power network across geographies. The homegrown power major is targeting 10 GW of renewable capacity by 2030 - a significant leap from its current 1.75 GW operational portfolio. Company officials said the Rs 50,000-crore capex war chest will be split across three key verticals: approximately Rs 20,000 crore will power the company's RE ambitions, Rs 14,000 crore will go into pumped storage hydro projects with a cumulative 3,000 MW capacity, and the remaining Rs 16,000 crore is earmarked for expanding its transmission and distribution ( T&D ) network, including tapping new privatisation opportunities. The company is not leaving its plans for a long-term horizon. In FY 2026 alone, Torrent Power has lined up a capex of around ₹5,700 crore for RE projects, officials told TOI. Solar projects will attract ₹2,500 crore, wind ₹4,500 crore, while hybrid projects,- where the company is betting big - are slated to draw ₹13,000 crore over the broader investment cycle. "In the T&D segment, Torrent plans to pump in around ₹1,300 crore to bolster its transmission network during FY26, alongside ₹2,000 to ₹ 2,500 crore earmarked for expanding and upgrading its distribution business," a company spokesperson said. Execution of key RE projects on ground is already in motion. "We expect to commission nearly 900 MW of renewable capacity in FY26 alone, including 370 MW of solar, 300 MW of wind and around 250 MW of hybrid projects," the spokesperson further added. With 3.1 GW of projects currently under construction, the company's total RE portfolio, both operational and in the pipeline, is now at nearly 4.9 GW. Torrent maintains a 70:30 debt-to-equity ratio for new projects. Its recently concluded ₹3,500-crore QIP has fortified its financial base, with its net debt to EBITDA ratio at a comfortable 1.41 as of March 2025 - among the lowest in the Indian power sector.
Time of India
19-07-2025
- Business
- Time of India
Torrent Power plans Rs 50,000 crore investment in renewable energy capacity expansion
AHMEDABAD: In one of its most aggressive bets yet on clean energy, Ahmedabad-headquartered Torrent Power plans to invest nearly Rs 50,000 crore over the next three to four years, as the company races to scale up its renewable energy (RE) capacity and strengthen its power network across geographies. The homegrown power major is targeting 10 GW of renewable capacity by 2030 - a significant leap from its current 1.75 GW operational portfolio. Company officials said the Rs 50,000-crore capex war chest will be split across three key verticals: approximately Rs 20,000 crore will power the company's RE ambitions, Rs 14,000 crore will go into pumped storage hydro projects with a cumulative 3,000 MW capacity, and the remaining Rs 16,000 crore is earmarked for expanding its transmission and distribution (T&D) network, including tapping new privatisation opportunities. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad The company is not leaving its plans for a long-term horizon. In FY 2026 alone, Torrent Power has lined up a capex of around Rs 5,700 crore for RE projects, officials told TOI. Solar projects will attract Rs 2,500 crore, wind Rs 4,500 crore, while hybrid projects,- where the company is betting big - are slated to draw Rs 13,000 crore over the broader investment cycle. "In the T&D segment, Torrent plans to pump in around Rs 1,300 crore to bolster its transmission network during FY26, alongside Rs 2,000 to Rs 2,500 crore earmarked for expanding and upgrading its distribution business," a company spokesperson said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo Execution of key RE projects on ground is already in motion. "We expect to commission nearly 900 MW of renewable capacity in FY26 alone, including 370 MW of solar, 300 MW of wind and around 250 MW of hybrid projects," the spokesperson further added. With 3.1 GW of projects currently under construction, the company's total RE portfolio, both operational and in the pipeline, is now at nearly 4.9 GW. Torrent maintains a 70:30 debt-to-equity ratio for new projects. Its recently concluded Rs 3,500-crore QIP has fortified its financial base, with its net debt to EBITDA ratio at a comfortable 1.41 as of March 2025 - among the lowest in the Indian power sector.
Time of India
24-06-2025
- Business
- Time of India
Gautam Adani's net worth: Inside India's second-richest man's massive empire as he plans to spend $20 billion in five years
Gautam Adani addressed the Adani Group's AGM, highlighting India's resilience amid global challenges. His net worth has rebounded to $63.1 billion, ranking him 25th globally after a challenging period following allegations from Hindenburg Research. The group's market value recovered significantly after India's Supreme Court ruled in its favor, boosting investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Adani Group 's Annual General Meeting (AGM) for FY26 began on Tuesday, with chairman Gautam Adani commenting on India's resilience amid ongoing global conflicts, bribery allegations, and key updates across the conglomerate's businesses, including its energy, airport, and other Gautam Adani has been ranked the 25th richest person in the world, according to the latest Forbes Real-Time Billionaires List. As of now, his net worth stands at $63.1 billion, a significant recovery from the lows seen in early the chairman of the Ahmedabad-headquartered Adani Group, oversees a vast empire with interests spanning ports, airports, power generation and transmission, and green energy. The group began as a commodities trading firm in 1988 and has grown into one of India's most influential conglomerates, often seen as aligned with Prime Minister Narendra Modi's infrastructure billionaire's financial standing suffered a major blow in January 2023 after US-based Hindenburg Research accused the Adani Group of stock manipulation and accounting fraud. While the group denied any wrongdoing, the fallout led to a sharp fall in the value of its listed the tide turned a year later when India's Supreme Court ruled in favor of the Adani Group, effectively clearing the way for renewed investor confidence. Since then, the group's market value has rebounded significantly, contributing to Gautam Adani's climb back into the top 30 richest people is currently India's largest airport operator and controls Mundra Port , the country's biggest commercial port located in Gujarat. His infrastructure expansion continues to attract both global investment and regulatory volatility, Gautam Adani remains a central figure in India's economic landscape, and his net worth trajectory reflects both the ambition and fragility of rapid industrial growth in emerging markets.
Time of India
06-05-2025
- Business
- Time of India
Iware Supplychain shares to list today. GMP suggests muted listing ahead
Iware Supplychain Services will make its stock market debut today on the BSE SME platform . Ahead of its listing, the company was commanding a modest grey market premium (GMP) of Rs 2 per share, indicating muted but positive listing expectations. The IPO, which aimed to raise Rs 27 crore through a fresh issue of 28.56 lakh shares, was subscribed just 3 times. The tepid interest in the IPO was in line with modest responses most of the SME issues received this year. Company overview Incorporated in 2011, Ahmedabad-headquartered Iware Supplychain is an integrated logistics player offering warehousing, third-party logistics (3PL), transportation, rake handling, and auxiliary manufacturing services. It manages over 8 lakh square feet of warehousing space across Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. The company also owns a fleet of 47 vehicles and operates business auxiliary services such as sub-assembly for OEMs at its Karsanpura facility in Gujarat. With a client list spanning FMCG, edible oil, and home appliances, Iware positions itself as a one-stop supply chain partner for pan-India operations. Financials For the year ended March 2025, Iware posted revenues of Rs 85.82 crore and a profit after tax of Rs 6.02 crore, reflecting a steady growth trajectory. The company reported a PAT margin of 7%, with a low debt-to-equity ratio of 0.38x. However, nearly 36% of its operational revenue was spent on lorry hire charges, highlighting a cost-intensive business model. Its geographic concentration -- with over 67% of revenues coming from Gujarat -- could pose risks in the event of regional slowdowns. Moreover, with 41% of total expenses tied to lorry hire, any spike in fuel or freight costs may hurt margins. While the warehousing and logistics sector continues to attract investor interest due to policy support and sectoral tailwinds, Iware's reliance on regional contracts, rising operational costs, and modest subscription figures suggest the stock may see a flat to modest premium on debut.
