The Surat diamond industry is likely to face a loss of around Rs 8,000 crores in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts. Hong Kong is a major business hub for the Surat diamond industry, but schools and colleges have been closed there till the first week of March and even businesses are seeing a dip in view of the outbreak of the novel coronavirus.
The NCP also asked the Income Tax department and the Enforcement Directorate to find out the source of "black money" involved.
There was no confirmation from the district administration of reports that the fire was apparently caused by a rupture in the 36-inch Uran-Mumbai gas pipeline.
The blaze ripped through the interior design coaching centre located in Takshashila Arcade in Surat's Sarthana area, claiming at least 20 lives.
The industry's estimated losses stand at Rs 5-6 crore per day.
Surat -- Gujarat's diamond city and the epicentre of the Patidar quota movement -- is set for a tough assembly poll battle as the Congress has added the face of the Patidar agitation Hardik Patel to its arsenal this time.
Besides Surat, which will also be the world's fastest growing city during 2019-35, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.
Zakir the bearded, cheerful auto man who meets us at Surat railway station has not heard about the eclipse.
Police investigating the suspected suicide of model Tania Singh will send a notice to cricketer Abhishek Sharma as the preliminary probe revealed the duo was friends and she had sent him a message on WhatsApp chat which was not responded to, a Surat police officer said on Wednesday.
A live bomb was found on Friday near Amroli Bridge in Katargam area of Surat, taking the total number of explosive devices found from the city to 25 in the last fortnight.
For the first time ever in the country, investigating agencies found that microcontrollers were used as timer devices in the bombs found in Bengaluru and Surat.
The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
An international airport mulled by state govt in Surat will help to help boost business as well as tourism
Airfares to Ahmedabad have surged as cricket fans travel to the city for the T20 World Cup final. Indian Railways has introduced special trains to manage the increased demand.
Airfares to Ahmedabad have surged as cricket fans travel to the city for the T20 World Cup final. Indian Railways has introduced special trains to manage the increased demand.
Lawyer Firoz Pathan, who was suffering from depression, allegedly took the extreme step on September 4, said Dharmesh Patel, inspector of Maroli police station in neighbouring Navsari district where the body was found.
Prime Minister Narendra Modi inaugurated the International Kite Festival-2026 in Ahmedabad with German Chancellor Friedrich Merz, enjoying kite flying and interacting with artisans.
With an annualised GDP growth rate of 11.5 per cent over the past seven fiscal years, Surat has emerged as the fastest growing city, while Ahemdabad region, which also includes Gandhinagar, is third with 10.1 per cent, as per the data compiled by economic research firm Indicus Analytics.
Surat had bagged the fourth rank under the Smart Cities Mission based on its proposal.
Prime Minister Manmohan Singh, who was to visit flood-affected areas of Surat on Friday morning, has postponed his visit till evening due to inclement weather, officials sources said.
Hundreds of diamond cutting, polishing units and textile factories in Surat, considered the diamond hub of India, have been closed for the past three days due to flooding in the city, resulting in losses worth crores of rupees.
A non-vegetarian party in the premises of a government-run school in Surat city of Gujarat has created a huge controversy and led to the suspension of the principal.
A man was arrested in Gujarat for allegedly receiving a significant portion of Rs 3.71 crore siphoned off from a Mumbai woman in a 'digital arrest' scam. The cybercriminals impersonated law enforcement and court officials, staging a fake online hearing to deceive the victim.
Dharmendra's passing truly heralds the end of an era, and sand artist Sudarsan Pattnaik dedicated his latest art work to that.
Diamond exporters are considering stopping the import of rough diamonds.
The Jammu and Kashmir Under-16 team clinched the Vijay Merchant Trophy Plate Group title
The Gujarat High Court dismissed a plea by Asaram's ashram in Ahmedabad, allowing the government to acquire land for sports infrastructure development ahead of the Commonwealth Games 2030.
For both polishing unit operators and diamond merchants, the US is still the biggest export destination: Three in every 10 diamonds polished in India end up in American stores.
Surat, which polishes almost more than 95 per cent of the world's diamonds, is poised to become the assorting and trading hub for the precious jewel stone in the next 3-4 years.
The '360 Modena Ferrari', which once occupied pride of place in batting icon Sachin Tendulkar's fleet of premium cars, is now the prized possession of a Surat businessman Jayesh Desai, Chairman of Raj Hans group.
'Today, if 50 songs are composed, one or two work. In the 1970s, all 50 would work.'
Gujarat Chief Minister Narendra Modi on Wednesday visited the places from where live bombs were found in Surat and reviewed the situation. Modi announces a reward of Rs 51 lakh for information leading to terrorists involved in the serial blasts in Ahmedabad and planting of bombs in Surat.
"Surat had 2,500 to 3,000 diamond-cutting and polishing units operational before Diwali. However, only 1,000 units were able to start operations after the vacation," said CP Vanani, president, Surat Diamond Association. Confirming that 500 units had re-opened this month, he said 1,500 units were now back in business.
The Students Islamic Movement of India activists arrested for their alleged involvement in the serial blasts in Ahmedabad on July 26 are also suspected to have planted bombs in Surat, Crime Branch officials said on Thursday.
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US' decision only for a short period of time as India controls 90% of diamond production.
In a chilling revelation, Indian Mujahideen chief Yasin Bhatkal, who is currently in the custody of Delhi police, has told interrogators that the terror group was planning to use a small nuclear bomb while carrying out a devastating strike in the industrial city of Surat in Gujarat.
The Surat Rough Diamond Sourcing (India) Ltd (SRDSIL), today seems to have run its course without reaching its objectives.
