Gujarat

Scoda Tubes Ltd., a Gujarat-based manufacturer of stainless-steel tubes and pipes, is set to launch its Rs. 220-crore initial public offering (IPO) later this month. Priced between Rs. 130 and Rs. 140 per share, the offering is structured entirely as a fresh issue of equity shares. The proceeds will be deployed toward capacity expansion, working capital needs, and general corporate expenditures. With a valuation of approximately Rs.

In a significant cybercrime crackdown, Gujarat’s Anti-Terrorism Squad (ATS) has apprehended an 18-year-old accused of orchestrating coordinated cyberattacks targeting over 50 Indian government websites. The young offender, alongside juvenile accomplices, employed Distributed Denial-of-Service (DDoS) attacks to cripple key digital infrastructure amid heightened tensions following Operation Sindoor, India’s military response to terrorism.

Gujarat’s Dholera Special Investment Region (SIR), a flagship smart city initiative under the Delhi-Mumbai Industrial Corridor, has become a magnet for investors amid rapid infrastructure development. Over the past decade, land prices in the region have soared nearly tenfold, fueled by visible progress on transformative projects such as the Ahmedabad-Dholera Expressway and an international cargo airport, both scheduled to be operational by 2025. With more than 100 companies—including Tata Electronics with a Rs.

Chemco Group, in collaboration with Kandoi Group of Industries, has announced a strategic Rs 450 crore investment to establish two state-of-the-art plastic packaging plants in Gujarat’s industrial hubs of Vapi and Dahej. These facilities will feature an integrated closed-loop system for recycling PET bottles into high-quality industrial packaging, emphasizing sustainability, traceability, and environmental stewardship.

The Central Bureau of Investigation (CBI) has launched an extensive inquiry into allegations of corruption involving a senior executive from Shapoorji Pallonji Infrastructure Gujarat Private Ltd and a top Income Tax official. The case centers on an alleged Rs. 1.20 crore bribe demand, of which Rs. 85 lakh was reportedly paid to influence a tax appeal ruling.

In a pivotal move set to reshape India’s financial services landscape, the Securities and Exchange Board of India (SEBI) has announced a new regulatory framework allowing stock brokers to conduct securities market-related activities in the International Financial Services Centre (IFSC) at Gujarat’s GIFT City without prior approval. This landmark decision provides greater operational autonomy and regulatory clarity, streamlining the entry of brokers into the globalized financial enclave.

Chiripal Group, a diversified conglomerate, has taken a significant step toward prioritizing employee well-being by partnering with the Gujarat Institute of Psychological Sciences (GIPS) Hospital. This collaboration aims to provide mental health counseling services across all its companies, benefiting over 1,000 staff members. Qualified psychologists will offer one-on-one sessions, addressing issues like stress, anxiety, and depression.

In a strategic acquisition poised to enhance its 5G capabilities, Bharti Airtel, along with its subsidiary Bharti Hexacom, has announced the purchase of usage rights for 400 MHz of high-frequency spectrum from Adani Data Networks. The transaction, spanning six major telecom circles—including Mumbai, Gujarat, and Karnataka—marks a significant move to strengthen Airtel’s spectrum portfolio in the 26 GHz band. This development comes as competition in India’s telecom sector intensifies, particularly in the rollout of next-generation wireless services.

In a strategic move to bolster India’s industrial infrastructure, Arete Group has announced a Rs. 1,200 crore investment to develop the second phase of its Payal Industrial Park (PIP) in Dahej, Gujarat. Positioned within the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), the 850-acre expansion aims to attract a spectrum of chemical industries including agrochemicals, dyes, and specialty chemicals.

Gujarat has taken a pioneering step in India’s space sector by unveiling the country’s first dedicated state-level SpaceTech Policy for 2025–2030. This strategic initiative offers fiscal and non-fiscal incentives to attract investments and promote innovation across the space technology value chain, from satellite manufacturing to downstream applications. The policy aims to build collaborative frameworks with ISRO, IN-SPACe, and the Department of Space, while establishing a SpaceTech Centre of Excellence and a dedicated manufacturing park.