Decathlon Empowers The Great Indian Traveller: Backpacking to Unique Experiences
The backpack is zipped up, heart racing with excitement. No set itinerary, no group discussions—just the open road and endless possibilities. Like many from this generation, this isn’t just traveling; it’s embarking on a journey of self-discovery. The Journey of…
Adani Welspun Mumbai Offshore gas block to start Output from 2028
Adani Welspun Exploration Ltd (AWEL), the 65:35 joint venture between the Adani and Welspun groups, will begin gas production from its block located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin in 2028, a top executive at…
Reliance Jio, Airtel seek ‘fair competition’ as govt weighs Starlink’s satcom licence
Indian telecom majors Reliance Jio and Airtel have urged the government to ensure a level playing field in the satellite communications sector as it prepares to decide on a licence and spectrum allocation for Elon Musk’s Starlink, ToI reported. The…
Indians lead global list for temporary alcohol abstinence: Report
Indians have topped the list for temporarily abstaining from alcohol, among 15 major markets globally. About 71% of Indians paused drinking for some time, while a little more than half the drinkers in South Africa, Mexico and Brazil reported similar…
Government panel pulls up railways and telecom for slow asset monetisation
A core group on asset monetisation has criticised the railways for its poor performance in monetising stations, passenger trains, and freight terminals, ToI reported. It has also expressed dissatisfaction with the tourism department for the slow progress in the Ashok…
Jio, Nokia, AMD & Cisco launch AI platform
Jio Platforms Limited, along with Nokia, AMD and Cisco announced Monday an open AI platform for telecommunications. The collaborative platform will offer real-world, AI-driven solutions to drive efficiency, security, capabilities, and new revenue opportunities for telecom service providers, the companies…
Alpex Solar secures Rs 210 cr solar module supply order from SECI
Renewable energy player Alpex Solar on Monday said it has secured an order worth Rs 210.71 crore from state-owned SECI. The project awarded by Solar Energy Corporation of India (SECI) is for supply of advanced solar photovoltaic (PV) modules, the…
JioStar eyes strong ad revenue growth from IPL 2025 with multiple deals in place
The Indian Premier League (IPL) 2025, scheduled to take place from March 22 to May 25, is set to be the biggest season yet in terms of ad sales, with official media rights partner JioStar targeting 1 billion viewers across…
Organic fertilizer use to add $2.6 bn revenue: Indian Biogas Association
The government’s initiative to promote the use of organic fertilizer could add a revenue of USD 2.6 billion for the biogas industry, the Indian Biogas Association (IBA) said on Sunday. The government has announced an amendment to encourage the use…
Why SUVs have begun to resemble trucks again
Before the world heard of “sport utility vehicles,” they were called trucks: Jeeps, Land Rovers and Fords, many born as military vehicles, as square-jawed and capable as a drill sergeant. For decades, though, consumers gravitated to so-called crossover SUVs, built…
Kia India Feb sales up 23.8 pc at 25,026 units
Automaker Kia India on Saturday reported a 23.8 per cent rise in total sales at 25,026 units in February compared to 20,200 units sold in the same month last year. The recently launched compact SUV Syros registered sales of 5,425…
Global cellular IoT module shipments rebound on China, India demand in 2024
The global cellular internet of things (IoT) module shipments grew by 10% year-on-year in 2024, as the demand from China and India helped the market rebound from a downturn seen in 2023, according to a Counterpoint Research report released on…
Anupam Rasayan signs pact with US firm to supply EV battery chemicals
Speciality chemicals maker Anupam Rasayan on Friday said it has signed a letter of intent (LOI) with US-based Elementium Materials Inc to supply chemicals used in electric vehicle (EV) batteries. The supply is expected to commence from the end of…
Samsung, LG drive 10%+ revenue growth in India with AI-driven products & strategic launches
Samsung and LG, the two South Korean leaders that have helped millions of Indians step on to the consumption ladder for the first time over the past couple of decades, harnessed an increasingly AI-embedded product range and competitive pricing to…
Singtel, Mittal family may sell more shares in telco to outside investors: JM Financial report
Bharti Airtel promoters — Singapore Telecommunications (Singtel) and the Mittal family — are likely to sell more shares to outside investors in the near-to-medium term as they look to hold equal stakes in India’s second-largest telecom carrier, JM Financial said…
강남연합의 연락처는 무엇인가요?
연락처는 무엇인가요 강남연합은 다양한 분야에서 활동을 하는 단체로, 주로 강남구 지역에서의 문화, 예술, 사회적 활동에 중점을 둔 모임이나 조직입니다. 그들의 주요 활동은 지역 사회의 발전과 주민들의 삶의 질 향상을 위한 다양한 프로그램을 제공하는 데 있습니다. 강남연합은 특히 지역 주민들과의 소통을…
협업 오피사이트를 어떻게 만들 수 있습니까?
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4G traffic still heavy, Airtel in no hurry to switch to standalone 5G
New Delhi: Bharti Airtel may start switching its 5G services onto a standalone (SA) network – from the non-standalone (NSA) mode it has been using – in one or two cities in three years, a senior executive said. However, he…
Emcure Pharma gets Form 483 with two observations for API plant from USFDA
Emcure Pharmaceuticals on Wednesday said the US health regulator has issued two observations after inspecting its Pune-based active pharmaceutical ingredients (API) manufacturing facility. The US Food and Drug Administration (USFDA) conducted a current Good Manufacturing Practices (cGMP) inspection of the…
EU delays polished diamond traceability requirements to January 2026, easing pressure on Indian trade
Kolkata: The European Union (EU) has postponed the implementation of stringent traceability requirements for polished diamond imports, pushing the deadline from March 2025 to January 1, 2026, bringing some relief to the Indian diamond trade, which cuts and polishes nine…
‘Baseless, False…’: Jubilant Bhartia Group Chairman Shyam Bhartia denies allegations amid FIR registration
In response to recent media reports regarding the registration of an FIR by the police, Jubilant Bhartia Group chairman, Shyam S. Bhartia, issued a statement denying all allegations made against him. He described the allegations as “baseless, false, and disparaging,”…
Opioid drugs row: Aveo Pharma claims to have due licences
Mumbai-based drugmaker Aveo Pharmaceuticals is facing a controversy over the export of addictive opioid drugs to West African nations such as Ghana and Nigeria. Following a media expose, the central and Maharashtra drug administrations have issued show-cause and stop-production notices…
Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week,…
Home demand strong, but mellowing, says Pirojsha Godrej
New Delhi: Demand for residential properties remains “very strong” across major cities but the euphoria seen in the last few years is mellowing down a little bit, said Pirojsha Godrej, executive chairperson of Godrej Properties. Godrej Properties is one of…
India’s chemical and pharmaceutical industry gains traction as Europe faces decline: Nuvama
India is increasingly making a mark in the global pharmaceutical Contract Development and Manufacturing Organization (CDMO) sector while rapidly scaling up its production in fine chemicals, agrochemicals, and specialty chemicals, said a report by Nuvama. The report added that this…
Global electric wheels take turn on to Indian roads
Mumbai: As growth in established electric vehicle (EV) markets slows, global giants are turning their attention to India, where the sector is still in the early stages of evolution. To capitalise on this opportunity, manufacturers are adopting premium positioning and…
Power minister Manohar Lal urges industry to work on innovative solutions, make sector growth engine for economy
Union Power Minister Manohar Lal on Saturday urged industry stakeholders to work on manufacturing innovative solutions to strengthen India’s journey towards Viksit Bharat. India’s ambitious target of 500 GW of renewable energy target by 2030 provides various opportunities, the minister…
Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers are revving up hiring amid an escalating battle between legacy manufacturers and startups to get ahead in India’s red-hot EV market. Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor and Ultraviolette told ET they are…
Bajaj Electricals gets Rs 14.08 cr demand from GST authority in Punjab
New Delhi: Bajaj Electricals Ltd on Friday said it has received a demand of Rs 14.08 crore from GST authority in Punjab for alleged mismatch in input tax credit (ITC) claimed by it. In a regulatory filing, Bajaj Electricals Ltd…
Starlink nears IN-SPACe nod after agreeing to most conditions for satcom licence
New Delhi: Elon Musk’s Starlink is poised to get the approval of the Indian space regulator shortly with the company submitting the necessary details, officials said. This will mark the first regulatory approval for Starlink, which is aiming to start…
Govt pulls up OTT platforms for clearer classification of content amid ‘India’s Got Latent’ row
The Ministry of Information and Broadcasting (MIB) has advised over-the-top (OTT) platforms to strictly adhere to and comply with the Information Technology (IT) Rules 2021. The government has warned the OTT platforms to ensure critical self-regulation, as well as implement…
CCI Group plans Rs 640 crore investment to develop 2 million sq ft logistics facility
CCI Group plans to invest more than Rs 640 crore to build more than 2 million sq ft warehousing capacity in the second phase of its upcoming logistics hub in Chennai. The fresh investment will increase total outlay by the…
JioStar secures 11 major sponsors while Champions Trophy returns after eight years
JioStar, the official broadcaster and streaming partner of the ICC Men’s Champions Trophy 2025, has announced a lineup of sponsors for the tournament. The confirmed sponsors include Dream11, Pernod Ricard India, Beam Suntory, Kohler, Birla Opus, Vodafone Idea, ICICI Bank,…
As gold remains firm, diamond jewellery sees strong traction this Valentine’s season
Kolkata: Jewellers recorded up to 35% growth in demand for diamond-studded jewellery in this year’s Valentine’s Day period that started on February 4, compared with last year, according to industry estimates. Items priced in the Rs 20,000-50,000 range were especially…
PURE EV partners with JioThings to integrate smart digital clusters, telematics in electric vehicles
Electric two-wheeler maker PURE EV on Tuesday said it has partnered with JioThings, a subsidiary of Jio Platforms, to integrate smart digital clusters and telematics into its electric vehicles. Under the collaboration, for which the two partners have signed an…
고정 금리는 무엇입니까?
고정 금리는 고정 금리는 금융 상품에서 중요한 개념 중 하나로, 대출이나 예금 등에서 금리가 일정 기간 동안 변하지 않는 형태를 말합니다. 이 금리는 금융 기관과 계약을 맺을 때 고정된 이자율로 결정되며, 계약 기간 동안 변동 없이 지속됩니다. 예를 들어, 주택…
Govt plans to develop 36 more tourist sites under a new scheme
New Delhi: The Centre is likely to announce a new tourism scheme in April that will entail developing 36 destinations over four years in several states, government officials familiar with the matter told ET. The plans closely track the budget…
Delhi HC seeks OpenAI’s response in ANI copyright suit
The Delhi High Court on Monday sought a response from OpenAI on an application filed by the Indian Music Industry (IMI), which seeks to intervene in a suit by news agency Asian News International (ANI) over the alleged unauthorized use…
ET Graphics: GCCs drive India’s office leasing boom in 2024, Bengaluru leads the surge
The Indian commercial real estate sector witnessed a significant surge in office leasing activity by Global Capability Centres (GCCs) in 2024. These centers played a crucial role in driving demand for office spaces, accounting for a substantial share of total…
Bank of Maharashtra gets RBI nod for opening GIFT City branch
State-owned Bank of Maharashtra (BoM) on Sunday said it has received approval from the Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City. The branch will function as Bank of Maharashtra’s…
NDLS stampede: What led to the deadly stampede-like situation at New Delhi Railway Station on Saturday?
At least 15 people, including three children, lost their lives, and 10 others were injured in a stampede-like incident at New Delhi Railway Station on Saturday night. Authorities quickly brought the situation under control, and the injured were rushed to…
What’s the Best Kayak For Fishing?
Best Kayak For Fishing Buying the right kayak is a big decision that will have an impact on the quality of time you spend on the water and the likelihood of making kayak fishing a weekly or yearly activity. There…
UN climate chief calls India ‘solar superpower’, urges it to submit stronger climate action plan
New Delhi: UN climate chief Simon Stiell has called India a “solar superpower” and urged it to develop an ambitious climate plan covering its entire economy, saying that an even stronger embrace of the global clean energy boom will supercharge…
Does piles hardware offer services for pile installation?
Does Piles Hardware Offer Services for Pile Installation? When purchasing piles hardware, one of the key considerations for buyers is whether suppliers also provide pile installation services. Pile installation is a crucial step in foundation and construction projects, requiring expertise,…
Meta plans undersea cable project to connect India, US
Meta on Friday announced a multi-billion-dollar, multi-year investment in an undersea cable project that will begin work this year and support greater Indian Ocean connectivity, as per a US-India joint leader’s statement from the White House. The project will ultimately…
India to remain bright spot for petchem demand in 2025
India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference….
RBI moves to fine companies for availing foreign guarantee
Mumbai: The Reserve Bank of India (RBI) has told at least two state-owned banks to ask their corporate clients to pay a penalty and admit having breached foreign exchange laws for obtaining guarantees from overseas banks. Companies regularly take ‘performance…
Foreign companies selling crude oil to India will have to pay zero tax, says new Income Tax Bill *Conditions apply
The Income Tax Bill, 2025, introduces a significant exemption for foreign companies engaged in the sale of crude oil and other goods or services to Indian entities. Under the new provisions, seen by ET Online, foreign businesses supplying these products…
PACS to sell airline tickets soon, linked to 20-plus activities: Amit Shah
Union home and cooperation minister Amit Shah on Wednesday said that soon primary agricultural credit societies (PACS) will be able to sell airline tickets. Shah was chairing the first meeting of the parliamentary consultative committee on the “initiatives taken and…
Australia’s REA Group’s India arm reports 46% rise in revenue
Melbourne-based REA Group, owner of Housing.com, PropTiger.com, and Makaan.com, reported a 46% rise in its revenue from India in the first half of financial year ended December 2024. The revenue from India business stood at Rs 356.6 crore while EBITDA…
How do you cut 3mm plywood without splintering?
How do you cut 3mm plywood without splintering? Cutting 3mm plywood can be a precise and straightforward task, but it’s essential to take the right approach to avoid splintering or damaging the edges. Splintering occurs when the wood fibers tear…
Adani may power up Bangladesh supply to 100%
Mumbai: Adani Power may restore full electricity supply to Bangladesh as the country starts clearing dues, according to sources aware of the development. Bangladesh’s power dues have fallen from their peak of $1 billion in August 2024 to $700 million…
India opens biggest oil, gas block bid round; 25 blocks on offer
New Delhi: India on Tuesday opened its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers mostly in offshore area, as the government looks to boost domestic production to cut imports and help energy security….
Insurers seek clarity on 10% hike cap for senior health premiums
Mumbai: Health insurers are seeking clarity from the Insurance Regulatory and Development Authority of India (IRDAI) on the implementation of its recent circular capping annual premium hikes for senior citizens at 10%, particularly how it applies to long-term policies and…
Pamban railway bridge: India’s first vertical-lift bridge set for inauguration in Rameswaram – The Economic Times Video
India’s first vertical lift railway sea bridge is set to be inaugurated in Pamban, Rameswaram, a significant milestone in the country’s railway infrastructure. The new bridge replaces the British-era Pamban Railway Bridge, which was commissioned in 1914 and featured a…
Rashmi Saluja’s re-appointment to REL board fails to get shareholders’ stamp
Mumbai: Rashmi Saluja’s re-appointment resolution to the board of Religare Enterprises (REL) was defeated, with 97.53% of shareholders voting against it, according to the scrutinizer’s report on e-voting published by the company on the stock exchanges on Sunday night. The…
NCLT recalls insolvency order against Logix Infra, cites ‘fraudulent and mala fide’ intentions
In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide intentions” and a collusive petition was…
Bollywood’s northeast blindspot: A filmmaker’s take with Jahnu Barua
In the early 1970s, Shillong became the stage for an unexpected flashpoint when a Bollywood movie laced with stereotypes ignited the fury of Naga students. Ye Gulistan Hamara, a Hindi film starring Dev Anand and Sharmila Tagore, revolved around a…
136 Vande Bharat trains operational, running at almost 100% occupancy: Ashwini Vaishnaw
New Delhi: As many as 136 Vande Bharat train services having chair cars are operational on the Indian Railways network as of January 2025, Union Minister Ashwini Vaishnaw informed Rajya Sabha in a written reply. The Minister also said that…
Nuclear startup Clean Core raises $15.5 million for thorium fuel from Sumant Sinha, Deepak Parekh, others
US-based nuclear fuel startup Clean Core Thorium Energy has raised $15.5 million in funding from prominent industry leaders over two rounds of funding, the latest of which was closed in December 2024, Mehul Shah, CEO and founder of Clean Core…
Amul to set up dairy plant in Kolkata at Rs 600 cr cost, with world’s largest curd making facility
GCMMF, which sells dairy products under the ‘Amul’ brand, will invest Rs 600 crore to set up an integrated plant in Kolkata, which will also host the world’s largest curd (dahi) manufacturing facility, its MD Jayen Mehta said. Gujarat Co-operative…
PVR Inox adds 77 screens, exits 67 underperformers amid shift to capital-light model
Mumbai: Multiplex chain PVR Inox’s net screen addition stood at 10 as it added 77 new screens and exited 67 underperforming screens for the nine month period ending December 2024 at a time when it has pivoted towards capital light…
Govt rethinking disinvestment plan? Finance Minister Nirmala Sitharaman sets the record straight
After presenting the Union Budget on February 1, Finance Minister Nirmala Sitharaman has revealed where the government’s priorities lies when it comes to disinvestment and privatisation plans. “On disinvestment and privatisation, which was very specifically undertaken and with the cabinet…
Goldman Sachs upgrades oil marketing cos, cites better outlook for next two fiscals
Mumbai: Goldman Sachs upgraded HPCL and BPCL to ‘buy’ and IOC to ‘neutral’ citing improvement in the outlook for these oil marketing companies (OMCs) in FY26 and FY27. The brokerage said that the OMC shares are down 25% from the…
AESC announces four new appointments to its 2025 Board of Directors
The Association of Executive Search and Leadership Consultants (AESC), the global body representing executive search and leadership consulting firms, has announced four new appointments to the 2025 Board of Directors. K Sudarshan, Mumbai-based Managing Director at EMA Partners India Limited…
Walnut industry seeks duty structure change
The nuts and dry fruits industry, which had pinned its hopes of a cut in import duty on walnuts in the budget, is now expecting relief ahead of Prime Minister Narendra Modi’s visit to the US next week. Currently, 100%…
Emaar India expects Rs 3,400 cr revenue from luxury housing project in Gurugram
Realty firm Emaar India is expecting around Rs 3,400 crore revenue from its newly launched luxury housing project in Gurugram. Emaar India, which is part of Dubai-based Emaar Properties, has recently launched a housing project ‘Urban Ascent’ in Sector 112,…
US tariffs on China, Mexico a big break for local electronics companies
New Delhi: The US tariffs on China and, possibly, Mexico open a large opportunity for electronics manufacturers in India, particularly in the field of mobile phones, IT products and TVs, and may help in boosting exports, several industry executives and…
Retrospective GST input tax credit amendment to impact commercial realty
The government’s proposal to amend the Finance Bill 2025 with respect to input tax credit (ITC) on construction expenses for leased properties is expected to impact real estate developers of commercial properties. The Supreme Court ruling of October 2024 allowed…
After US, Russia & France look for India fusion in small modular reactors
Russian nuclear firm Rosatom has offered India the expertise to build small modular reactors (SMRs), based on its experience of more than six decades in this sector, said people familiar with the matter. The company might explore the possibility of…
Budget 2025: 9 things you should know before your next shopping spree
Finance Minister Nirmala Sitharaman announced several updates in her Budget 2025 regarding the reduction in customs duties that could make various imported goods more affordable. Here’s a quick look at how these changes will benefit consumers: Imported Jewelry Now More…
Mumbai-Ahmedabad Bullet Train project gaining steam
The Mumbai-Ahmedabad Bullet Train project is gaining steam. As per the latest reports, the rail laying work has started. Spanning 508 km across Maharashtra, Gujarat, and Dadra & Nagar Haveli, the high-speed corridor is expected to reduce travel time between…
Mumbai region sees 12 pc rise in property registrations at 12,249 units in Jan
Property registrations in the Mumbai municipal region rose 12 per cent on year to 12,249 units in January on strong housing demand, according to Knight Frank India. In January last year, 10,967 units were registered in the region. The property…
Lending rates ease, deposit rate firm up in December
Lending and deposit rate pf commercial banks s showed a mixed trend in December, the latest data released by the Reserve Bank of India shows. While deposit rates rose marginally, lending rates eased. The weighted average lending rate (WALR) on…
How Budget 2025 can prove to be Indian aviation’s lucky charm for growth
The Indian aviation industry, a vibrant sector with exponential growth potential, stands at a pivotal crossroads. With the government’s strategic focus on budgetary and policy interventions, India has the unique opportunity to cement its position as a global aviation leader….
Birla Cotton Mills in Delhi’s Kamla Nagar to be redeveloped into a residential-led mixed-use project
Texmaco Infrastructure & Holdings Limited (TIHL, An Adventz Company), Hines, Conscient, and HDFC Capital have entered into a partnership to develop a premier residential-led mixed-use project on the site of the former Birla Cotton Mills in Kamla Nagar, Delhi. “This…
Hindustan Zinc to raise green power’s share to reduce costs
Vedanta Group-owned Hindustan Zinc, India’s biggest producer of the industrial metal, expects green power to help slash output costs by a further $35 a tonne in the next two years, building on December quarter’s improvement in production expenses that were…
AlphaVector plans to invest Rs 100 cr in e-2-wheeler biz over next year
MUMBAI: AlphaVector (India) — the manufacturer of Ninety One Cycles brand — is planning to invest Rs 100 crore in the newly launched electric two-wheeler business over the next 12 months as it sees a rising demand for entry-level e-scooters…
Indian hospital sector sees transactions worth $340 mn in 2024
India’s hospitality sector saw $340 million worth of transaction activity in 2024, as per data shared by JLL exclusively with ET. This activity was distributed across tier one, two, and three cities.In 2023, the hospitality sector saw $ 337 million…
Maha Kumbh: Railways running 360 trains for devotees on ‘Mauni Amavasya’
New Delhi: The railways is running 360 trains, including 190 special trains, for millions of devotees expected to visit the Maha Kumbh Mela on ‘Mauni Amavasya’, Satish Kumar, Chairman and CEO of the Railway Board, said on Tuesday. The ‘Amrit…
Disney+ Hotstar’s Coldplay concert live stream hits 83 Lakh views, 16.5 crore watch minutes
Disney+ Hotstar’s live stream of Coldplay’s Music of the Spheres World Tour concert in Ahmedabad garnered 83 lakh views and 16.5 crore minutes of watch time, the platform said in a statement. It added that fans from across the country…
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A private consortium led by LOGOS Group co-founder Trent Iliffe, along with former India CEO Mehul Shah and Vietnam CEO Glenn Hughes, has acquired the LOGOS Vietnam and India business in a deal valued at $100 million.LOGOS Asia chief investment…
Dressfolk secures fresh funding led by Eternal Capital, Mamaearth’s Ghazal Alagh, among others
Handloom clothing brand Dressfolk has raised funding led by Eternal Capital, along with D2C founders Ghazal Alagh (Founder, Mamaearth) and Dhruv Koli (Founder, Boba Bhai), with participation from Nobody Ventures and Eagle Wings Ventures.Additionally, 3 Peaks Ventures also joined the…
Private banks get access to Central Economic Intelligence Bureau data for loan verification
Private lenders and all-India financial institutions (AIFIs) such as National Bank for Financing Infrastructure and Development (NaBFID) will now have access to Central Economic Intelligence Bureau (CEIB) data before sanctioning or renewing loans, similar to public sector banks (PSBs). This…
Two-wheelers not luxury, tax cut needed to spur demand: HMSI
Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior…
Kia recalls more than 80,000 cars in US due to improper air bag deployment and improper wiring
Automaker Kia America is recalling more than 80,000 vehicles due to floor wiring beneath the front passenger seat that can become damaged and prevent airbags and seat belts from deploying properly. Damaged wiring can also cause an unintended side curtain…
How Do I Find the Best Car Shipping Companies in MA?
Find the Best Car Shipping Companies in MA The best car shipping companies in MA offer a variety of options and packages to suit any budget. Compare quotes from several providers to get the most competitive prices. Try to ship…
Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions
Union Budget: As the Union Government gears up for Budget 2025, a report by State Bank of India stated that the government should give significant focus to revitalizing the insurance and healthcare sectors in the country.The report also noted that…
Insurers expect tax benefits, concessions for healthcare in Budget
New Delhi: Insurers are hopeful of a host of tax benefits, including concessions for the insurance and healthcare sectors, from the Union Budget 2025-26 to be unveiled by Finance Minister Nirmala Sitharaman on February 1. SBI General Insurance MD and…
Kalpataru Projects International secures Rs 2,038 cr orders
Kalpataru Projects International on Friday said that the company, along with its international subsidiaries, has secured new orders worth Rs 2,038 crore. The new orders are in the Transmission & Distribution business, both in India and overseas markets, as well…
Telcos introduce new voice and SMS only prepaid plans
Telecom operators including Reliance Jio and Bharti Airtel have introduced new voice and SMS only plans for prepaid users in India. The move assumes significance as telecom regulator TRAI, last month, had amended tariff rules to mandate mobile service providers…
Tier-II cities driving India’s real estate growth, Nagpur leads the way
Nagpur has emerged as the top-performing city among Tier-II cities in India, followed by Jaipur and Lucknow, as it positions itself as a key player in the country’s real estate market. This growth is attributed to rapid infrastructural advancements and…
Domestic air traffic grows to 16.13 crore in 2024
India’s domestic air traffic rose 6 per cent to 16.13 crore in 2024 on an annual basis, according to the latest official data. The Directorate General of Civil Aviation (DGCA) on Wednesday said airlines carried over 1.49 crore passengers in…
Hero Cycles to announce $1 billion investment soon, says MD Pankaj Munjal
Pankaj Munjal, Managing Director of Hero Cycles said that the company will announce an investment of billion dollars very soon. Speaking to on the sidelines of World Economic Forum (WEF) in Davos, Munjal said, “We’ll announce like a billion-dollar supply…
야간 파트타임 일자리가 경력 발전을 제공할 수 있나요?
야간 파트타임 일자리가 경력 발전을 야간 파트타임 일자리는 일과 학업을 병행하거나 추가 수입을 원하는 사람들에게 매우 유용한 선택이 될 수 있습니다. 하지만 야간에 일하는 것만으로는 경력 발전에 큰 도움이 될까 하는 의문을 가질 수 있습니다. 사실, 밤알바를 통해 경력을 쌓을…
CCI clears merger of nine pharma entities with Sequent Scientific
The Competition Commission on Tuesday cleared the proposed amalgamation of nine entities with pharmaceutical firm Sequent Scientific Ltd (SSL). “The proposed combination involves a series of inter-connected steps carried out for the amalgamation of SRL, Viyash, Symed, Appcure, Vindhya Pharma,…
How Do Managed Cybersecurity Services Support Network Segmentation?
Managed Cybersecurity Services Support Network Segmentation Whether in data centers, the cloud or campus networks, network security segmentation helps protect devices, workloads and users from attacks that are aimed at compromising those systems. It is a critical component of any…
JSW share price: JSW Renew Energy challenges CERC decision on battery energy storage tariff rejection
MUMBAI – JSW Renew Energy Five, a subsidiary of JSW Energy, has challenged the decision of the Central Electricity Regulatory Commission (CERC), which rejected tariff adoption for its Battery Energy Storage System (BESS) earlier this month, citing a “misalignment with…
OREDA, Tata Power Renewable Energy sign pact to accelerate rooftop solar adoption in Odisha
Bhubaneswar: The Odisha Renewable Energy Development Agency (OREDA) has signed an MoU with Tata Power Renewable Energy Ltd to accelerate rooftop solar adoption among residential customers under the Pradhan Mantri Surya Ghar Yojana. The scheme will be implemented through four…
Lease Copier Plans For Small Businesses
Lease Copier Plans Leasing a copier can be a great way for small businesses to get the equipment they need without the upfront costs associated with buying. A reputable leasing company can also help you determine the right lease for…
Biocon urges government to exempt cancer, rare-disease drugs from tax in budget
India should eliminate tax on drugs for cancer treatment and for chronic and rare diseases, the chairperson of major drugmaker Biocon Ltd said ahead of Prime Minister Narendra Modi’s budget announcement, expected next month. Other than cosmetic surgeries, drugs used…
Sarala Aviation unveils prototype for India’s first air taxi; Aims to launch in 2028
Sarala Aviation, a Bengaluru-based startup unveiled its prototype air taxi, Shunya, at the Bharat Mobility Global Expo on Saturday. The company aims to launch the electric flying taxis in Bengaluru by 2028 to become the first to introduce urban air…
Milestone 4.5M: Passenger vehicle sales set to rev up beyond December quarter record
Mumbai: India’s passenger vehicle market is set to surpass 4.5 million units in 2025 for the first time, as the industry anticipates the positive sentiment of December quarter to carry into the new year despite price increases.The surge in demand…
SML Isuzu forays into EV segment with Hiroi.ev, bullish on govt schemes for business growth
Commercial vehicle maker SML Isuzu has forayed into the electric vehicle business with the launch of Hiroi.ev platform for commercial buses that are expected to be rolled out in the April-June quarter this year, a senior company official said. While…
Hyundai CRETA electric launched at Rs 18 lakh with a futuristic cockpit. Check details
Hyundai Motor India launched its much-anticipated Hyundai CRETA Electric at the Bharat Mobility Global Expo 2025 in Delhi on Friday, at an introductory price of Rs 1,799,000. Hyundai CRETA Electric promises a shift in the electric SUV segment. Hyundai CRETA…
Centre slashes FCI rice price by Rs 550 per quintal to Rs 2,250 for states, ethanol makers under OMSS
New Delhi: The Centre on Friday reduced the reserve price of FCI rice under the Open Market Sale Scheme (OMSS) by Rs 550 per quintal to Rs 2,250 for states and ethanol producers to boost sales and support food security…
Online learning least popular, OTT content most accessed by internet users in India: Report
Online learning is the least popular activity among the internet users in the country, highlighted a report by the Internet and Mobile Association of India (IAMAI) and Kantar.The data shared by report highlighted that only 3 per cent of internet…
Relief for home buyers, SC grants exemption to Unitech housing projects from RERA registration
Coming to the rescue of thousands of home buyers and facilitating disbursal of their stalled loans for flats constructed by real estate firm Unitech Ltd, the Supreme Court on Thursday granted exemption from registration under RERA for different housing projects…
Hindenburg: Not just Adani and Madhabi Puri, US short-seller had rattled an Indian film company also
Hindenburg Research, the US-based investment research firm known for its short-selling strategies, has officially shut down, as announced by its founder Nate Anderson on January 15. The firm had become widely known in India, especially for its reports targeting big…
Arunachal Pradesh cabinet approves grant of SGST reimbursement concessions for two hydropower projects
Arunachal Pradesh cabinet meeting on Wednesday has decided to enhance financial viability of large hydropower projects. The State Cabinet approved the grant of SGST reimbursement concessions for the Tato II Hydroelectric Project (700 MW) and the Kamala Hydroelectric Project (1,720…
India plans to pare stakes in five state-run banks including UCO
India may allow lowering the government’s ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official. UCO Bank, Central Bank…
K Raheja Corp inks pact to buy 5.7 acres in Mumbai’s Kandivali for Rs 466 crore
Realty developer K Raheja Corp is acquiring a 5.75 acre plot along with a built-in property in Mumbai’s western suburb of Kandivali east for around Rs 466 crore.The company’s subsidiary K Raheja Corp Real Estate inked an agreement with Global…
India’s plastic pipe industry has significant headroom for growth: Jefferies
India’s plastic pipe industry has immense growth potential due to its lower per-capita pipe consumption compared to the global average, according to a recent report by Jefferies.The report stated that the country’s consumption levels are significantly below those of developed…
Irdai widens scope of sandbox framework to encourage innovation
Regulator Irdai has expanded the scope of regulatory sandbox framework to encourage proposals that foster innovation, improve efficiency and ease of doing business. The IRDAI (Regulatory Sandbox) Regulations, 2025 is now more of principle-based whereby operational aspects will be issued…
Swiggy partners with Blue Tokai to deliver coffee in 15 minutes via SNACC
Swiggy announced a new partnership with Blue Tokai Coffee Roasters to offer an array of coffee options through its ‘SNACC’ app. The service promises delivery to coffee aficionados within 15 minutes. Coffee lovers can choose from a variety of Blue…
Indian Railways to run a record 13,000 train services for Maha Kumbh
The Indian Railways will run a record 13,000 train services, catering to the nearly 40 crore devotees expected during this year’s Maha Kumbh mela in Prayagraj. An official statement said 3,134 special trains will be run in 2025 which is…
Kannauj Railway Station lintel collapse: “6 seriously injured, no casualties reported,” says Kanpur Commissioner
The collapse of an under-construction structure at Kannauj Railway Station has left six people seriously injured but they are out of danger, said a top police official on Saturday. Speaking to ANI, Kanpur Commissioner K Vijayendra Pandian said that no…
Items under One District One Product scheme making a global impact: UP CM Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said items under the ‘One District One Product’ (ODOP) scheme are making an impact globally. The chief minister remarked while inaugurating the Khadi Mahotsav 2025 at the Indira Gandhi Pratishthan in Lucknow….
Indian refiners shift cude strategy amid fears of Russian oil supply shocks
Oil refiners in India and China have increased crude purchases from the Middle East and the Atlantic Basin amid concern that further restrictions on imports from Russia and Iran may crimp access to supplies. This week, two Indian state refiners…
TVS Group veteran H Lakshmanan dies at 92 due to age-related ailments
Chennai: H Lakshmanan (92), former Executive Director of Sundaram-Clayton and a pillar of the TVS group for nearly seven decades, passed away on Friday due to age-related ailments. He is survived by his wife, a son, and two daughters. He…
Tesla launches redesigned Model Y in China, seeking to fend off rivals
Tesla launched a new version of the Model Y, its best-selling car, in China on Friday, hoping that a redesigned exterior and upgraded features inside will help it regain market share taken by rivals such as Xiaomi. The new Model…
Indian Overseas Bank to sell Rs 11,500 cr NPAs to boost asset quality
Kolkata: Indian Overseas Bank has decided to put non-performing assets to the tune of Rs 11500 crore on sale in a bid to improve asset quality further before the end of the fiscal. ET Year-end Special Reads The state-owned lender…
Microsoft layoffs: Microsoft announces job cuts, plans to axe 1% of underperforming workforce in 2025: Report
Microsoft has begun the year with small-scale layoffs across various departments, citing performance as the primary criterion. A spokesperson for the company told CNBC, “At Microsoft, we focus on high-performance talent. We are always working on helping people learn and…
Tax all new technology batteries uniformly at 5% GST: IESA
India Energy Storage Alliance on Wednesday said batteries, irrespective of technology type, must be uniformly taxed at 5 per cent GST like electric vehicles to support the emerging sector. Ahead of the Union Budget, India Energy Storage Alliance (IESA) President…
Goa hotels ring in the new year on a sober note
India’s popular beach state of Goa experienced a slowdown in revenge tourist arrivals with most hotels posting flat to modest year-on-year increase in room occupancies in the crucial last week of December, with some even reporting a decline, hoteliers and…
VoltUp partners Revamp Moto to deploy 40,000 e-2wheelers across India
Mumbai-based VoltUp Tuesday said it will deploy 40,000 e-2wheelers in partnership with Revamp Moto. Over the next two years, VoltUp will invest over Rs. 750 crores to establish supporting infrastructure and expand network to enhance VoltUp’s mobility-as-a-service (MaaS) offering for…
Big 4 in India outshine MNC parents; combined revenue seen at over Rs 45,000 crore in FY25
Mumbai: The Indian arms of the Big Four — Deloitte, PwC, EY and KPMG — outpaced their global parents in FY24 revenue growth numbers, fuelled by strong demand for consulting and tech consulting services, with their combined revenue expected to…
Budget 2025: NAREDCO pitches for hike in deduction on housing loan interest payment
National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from Rs 2 lakh to Rs 5 lakh and accord infrastructure status to the housing sector in the forthcoming Budget. Talking to…
Cos’è il Fondo Nuove Competenze?
Cos’è il Fondo Nuove Competenze? Il Fondo Nuove Competenze rappresenta una straordinaria opportunità per le aziende italiane che desiderano investire nel futuro delle proprie risorse umane. Questo strumento è stato creato per favorire la formazione e lo sviluppo delle competenze…
India readies Rs 25,000 cr boost for its electronics components industry
New Delhi: The finance ministry has approved a nearly $3 billion (about 25,000 crore) incentive scheme aimed at stimulating local manufacturing of electronics components.The proposal is likely to get cabinet approval later this month ahead of its rollout from April,…
Post-Adani exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio
Adani Wilmar Ltd (AWL), India’s largest edible oil company, is adopting a strategy similar to ITC’s by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to…
Long-range cars spark up EV adoption drive
Mumbai: India’s electric vehicle industry is on the verge of a transformation, with the spotlight shifting to EVs that can go the extra mile—literally. As consumers increasingly demand vehicles capable of covering hundreds of kilometres on a single charge at…
Govt grants pharma industry 12-month extension for implementing revised Schedule M
The government on Saturday gave a 12 month extension to pharma industry for implementing revised Schedule M.“Provided that the-small and medium manufacturers with turnover of or less than two hundred and fifty crores may seek extension of the timeline for…
Airports take bird’s eye view on safety
New Delhi: From loud crackers and zon guns along runways to neem oil, India’s largest airports deploy all kinds of tools-some high-tech, some deadly and some just noisemakers-to scare away birds, which are increasingly posing a threat to flight safety.Authorities…
Vi rolls out annual plans with unlimited data usage from midnight till noon everyday
The loss-making private telecom firm Vodafone Idea has rolled out annual recharge plans for mobile phones, offering users unlimited data from midnight till noon, in an attempt to catch up with competition. The company in a statement shared that it…
Bollywood dips in the air as streaming goes seamless
Mumbai: The once-lucrative market for satellite TV rights of Hindi films has seen a dramatic decline, with values plunging over 50% post pandemic due to streaming platforms replacing television channels as the second release window for films and mounting monetisation…
Over 7 lakh sellers, service providers onboarded ONDC so far
New Delhi: Over seven lakh sellers and service providers have been onboarded on Open Network for Digital Commerce (OND) so far, the government said on Thursday. A government-backed initiative, ONDC was launched in 2021. It was set up primarily to…
Working on rules for regulating online ads: MIB tells parliamentary panel
The Ministry of Information and Broadcasting (MIB) is working on rules for regulating online advertisements, it recently informed the parliamentary standing committee on communications and information technology.The committee, chaired by Lok Sabha MP Nishikant Dubey, had requested the ministry to…
MoUs worth Rs 18,500 cr investment potential inked in 7 mega textile parks: Govt
New Delhi: Investment MoUs with expected investment potential of over Rs 18,500 crore have been signed in the seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks, the textiles ministry said Wednesday. In its year end review, it…
LPG price slashed for 19-kg commercial LPG cylinder price in Delhi, Mumbai and other cities
As India enters 2025, oil marketing companies slashed prices for 19-kg commercial LPG gas cylinder by Rs 14.5 to Rs 1,804 in the national capital and other metro cities, effective January 1, 2025.
Kalpataru Projects International bags orders worth Rs 1,011 cr
New Delhi: Kalpataru Projects International Ltd (KPIL) on Tuesday said the company, along with its international subsidiaries, have secured new orders worth Rs 1,011 crore. According to a company statement, the new orders include projects in the transmission & distribution…
Adani Enterprises to exit Wilmar JV in $2 billion deal
MUMBAI: Adani Enterprises Ltd (AEL) is set to exit its 25-year-old joint venture with Wilmar International in a deal worth around $2 billion. The funds will be used by AEL for its core infrastructure platforms such as energy, utilities, transport…
Lupin acquires ‘Huminsulin’ in India from Eli Lilly and Co
Pharma major Lupin Ltd on Monday said it has acquired anti-diabetic medicine ‘Huminsulin’ in India from Eli Lilly and Company for an undisclosed sum to further enhance its diabetes portfolio. Lupin has been marketing the ‘Huminsulin’ range of products through…
Blackstone, Carlyle and other PEs submit bids to unlock Access’ majority stake
Mumbai: About half a dozen global private equity funds including Blackstone, Carlyle, TPG, New Mountain Capital and Hillhouse Partners have shown interest in acquiring a majority stake in Chennai and Texas-based healthcare BPO Access Healthcare, said people aware of the…
Indian Railways gears up to equip Kavach 4.0 across its key routes
Indian Railways is taking significant steps towards enhancing the safety and efficiency of its operations by accelerating the deployment of the advanced Kavach 4.0 automatic train protection system. It is speeding up to deploy an advanced Kavach 4.0 – automatic…
Govt waives bank guarantees for past spectrum auctions; letters sent to Vodafone-Idea, Reliance Jio and Bharti Airtel
The Centre has sent letters waiving the need for bank guarantees worth about Rs 33,000 crore for past spectrum auctions to all three private operators — Reliance Jio, Bharti-Airtel, and Vodafone-Idea (Vi). The bulk of the relief, amounting to Rs…
Adani Green announces new subsidiary Adani Green Energy Sixty Eight Limited to focus on renewable energy generation
AdGreen Energy Limited (AGEL) has announced the incorporation of a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited (AGE68L); on Saturday, the company stated in its exchange filing.According to the AGEL’s filing to the exchanges, the Adani Green…
Risks are ramping higher on Middle East crude flows, Rapidan says
There’s increasing concern that fresh tensions in the Middle East threaten to curtail vital energy resources, said Bob McNally, president of Rapidan Energy Group.Israel’s recent moves against Houthis in Yemen are risking the possible rollback of a fragile détente between…
Indian paint sector faces margin squeeze amid intensifying competition: Report
KOLKATA: The Indian paint industry, after witnessing robust growth in FY’22 and FY’23, is bracing for a challenging landscape marked by intensifying competition and margin pressures, according to a report.Revenue growth for long-established players such as Asian Paints, Berger Paints,…
Northeast Frontier Railway signs MoU with IRCON for maintenance of electrification infrastructure
For the first time in Indian Railways, Northeast Frontier Railway has embarked upon an initiative for the maintenance of electrification infrastructure including Overhead Equipment’s (OHE) & Power Supply Installation (PSI) by tying up with IRCON International Limited through a Memorandum…
Facebook renews lease for 370,000 sq ft office in Hyderabad’s Hitec City
Social networking major Facebook, now known as Meta, has renewed its lease for office space spread over 367,000 sq ft in a commercial tower in Hitec City area of Hyderabad through two separate agreements for an additional tenure of five…
18 trains from Delhi to various parts of the country run late due dense fog; Check full list here
As many as 18 trains from Delhi to various parts of the country were running late on Thursday due to dense fog conditions.The India Meteorological Department had issued a warning for dense fog on December 26, 27 and 28. The…
J&K Bank appoints Amitava Chatterjee as its new MD
New Delhi: J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently Deputy Managing Director of State Bank of India (SBI), as its new managing director (MD) and CEO. Chatterjee will replace Baldev Prakash, whose term comes to an…
Delhi Airport, IndiGo issue travel advisory amid low visibility in national capital
Delhi Airport on Wednesday issued an advisory for passengers as foggy conditions are expected to impact flight operations. In a statement, the airport cautioned that flights not equipped with CAT III Instrument Landing Systems (ILS) might face disruptions. ET Year-end…
AbbVie Healthcare India rejects wrongdoing allegations by the Department of Pharmaceuticals
AbbVie Healthcare India which has been in the dock for unethical marketing practices today rejected the allegations of wrongdoing by the Department of Pharmaceuticals (DoP). ET Year-end Special Reads Calling the DoP’s action “without merit” it said that they always…
Honda-Nissan Merger: India could define future strategy as Honda, Nissan explore merger deal
Honda Motor Co. and Nissan Motor Co., two of Japan’s leading automakers, have announced plans to merge under a joint holding company, which will position them as the world’s third-largest automaker by sales, following Toyota and Volkswagen. The merger, expected…
TVS Emerald acquires 12-acre land parcel on Chennai’s Radial Road
Realty developer TVS Emerald has acquired a 12-acre land parcel on Radial Road (PTR) in Chennai in one of the largest real estate deals in the southern city in the last two years. ET Year-end Special Reads The acquisition comes…
How a B2B Marketing Firm Handles Market Research
B2B Marketing Firm Handles Market Research B2B marketing is more than just a matter of targeting the right companies. It’s about addressing the unique challenges of those companies and their decision-making processes. It’s about providing valuable information to help them…
Online electronics sale quickens through shift to qcomm
Consumers moved thousands of crores worth of electronics shopping online this year, including for large appliances, a trend strengthened by the entry of quick commerce into the segment. Online channels accounted for 34% of the consumer electronics sales in the…
India has potential to be key sustainable aviation fuel producer, says IATA official
Geneva/New Delhi: India has the potential to be a key producer of sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines’ grouping IATA….
Online Streaming: New rejuvenation drug for tablets
Kolkata: The increased demand for OTTs since Covid has given a new lease of life to a category which was falling out of favour among consumers. After a 16% year-on-year fall in sales in 2023, overall sales of tablets have…
Namo Bharat train commuters to get 10 per cent discount on tickets through RRTS app
Namo Bharat train commuters can avail a 10 per cent discount on tickets purchased through the RRTS Connect mobile application as part of the “loyalty points program” launched by NCRTC, an official statement said. National Capital Region Transport Corporation (NCRTC)…
UltraTech’s India Cement buy gets CCI nod
The Competition Commission of India has approved UltraTech Cement’s proposed acquisition of South-based India Cements, it said in a release on Friday. UltraTech is the largest producer of cement in the country. After acquiring a 23% non-controlling financial stake in…
Isuzu Motors reaches 1 lakh vehicle milestone in Chennai
Utility vehicle maker Isuzu Motors has reached a production milestone by rolling out one lakh vehicles from its manufacturing facility near Chennai, the company said on Friday. A maroon Isuzu D-MAX V-Cross was rolled off the assembly line, marking the…
Mahindra & Toyota set to achieve record sales in Indian car market amidst industry challenges
Mahindra & Mahindra and Toyota Kirloskar Motor are set to clock record sales for 2024, becoming outliers in a car market where others, including market leader Maruti Suzuki India and second-ranked Hyundai, had a challenging year. M&M and Toyota are…
Delhi High Court quashes Rs 176 crore VAT demand on Pawan Hans
The Delhi High Court on Thursday quashed the Commissioner of Trade and Taxes’ demand of Rs 176 crore VAT against Pawan Hans, which is in the business of chartering helicopters, for the period 2006 to 2010. A bench comprising Justices…
Tourism boom to spur 24% annual growth for 5 years
New Delhi: India’s tourism industry is likely to grow at an annual rate exceeding 24% over the next five years, driven by robust economic growth, an expanding middle class and government initiatives to meet evolving needs and aspirations of both…
TARC pledges full cooperation as Sebi launches financial audit
Realty developer TARC, which is facing financial audit by SEBI, said it will fully cooperate with SEBI and forensic auditors. “Our operational resilience and financial stability remains strong, and the appointment of the forensic auditor does not impact our strategic…
Cos may have to pay more for fire and engineering cover
Mumbai: Businesses, industrial units and commercial establishments may need to pay higher premiums for fire and engineering insurance starting January due to rising claims from catastrophic events, prompting insurers and reinsurers to increase rates. The increase in premiums is driven…
RBI lifts business restrictions on two Edelweiss Group entities
The Reserve Bank of India (RBI) on Tuesday lifted the business restrictions imposed on two key entities of the Edelweiss Group, ECL Finance Ltd and Edelweiss Asset Reconstruction Company Limited, with immediate effect. This decision comes after the companies implemented…
JSW Neo ahead in sprint for O2 Power, Macquarie also in fray
JSW Neo Energy, a wholly owned subsidiary of listed JSW Energy, has emerged as the lead bidder to acquire O2 Power, the renewable energy platform held by Swedish asset manager EQT Partners and Singapore’s Temasek Holdings, said people aware of…
Tata Steel starts an all-women shift at Noamundi iron mine
In order to bring in more diversity, Tata Steel has rolled out an all-women shift at its Noamundi iron mine in Jharkhand. This shift will comprise women employees for all the mining activities of the shift including Heavy Earth Moving…
Banks struggle to meet SEBI’s cybersecurity deadline amid new regulations
Overwhelmed by a thicket of demanding rules, banks will miss the January 1 deadline set by the capital market regulator to put in place a cybersecurity framework. Last week, several banks, particularly the multinational lenders offering custody and investment banking…
Karur Vysya Bank strengthens footprint with 4 new branches in TN
Private sector Karur Vysya Bank has inaugurated four new branches in Tamil Nadu, under its plan to strengthen presence, taking the overall branch network to 862, the bank said on Sunday. The Tamil Nadu headquartered bank had inaugurated 24 new…
Concerts hitting the right note for world travellers
There’s something about being one of tens of thousands of fans, screaming your adulation and watching global performers light up the stage. And Indians are willing to travel far and wide to experience this. Music concerts are the latest craze,…
Pune sees 11 pc drop in property registration during Nov: Report
Registration of properties in Pune fell 11 per cent year-on-year in November to 13,371 units despite strong demand, according to Knight Frank India. In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations…
Bid to cut electricity costs, import reliance: Talks on to get local coal power up plants
New Delhi: India is exploring ways of getting power plants fuelled by imported coal to use cheaper domestic supplies to help reduce electricity costs while lowering the dependence on overseas sources, said people aware of the matter. India has 15…
Wardwizard Innovations expects 30-35 pc sales from electric three-wheelers
Vadodara-based electric vehicle maker Wardwizard Innovations & Mobility on Friday said it is expecting that about 30-35 per cent of sales volume will come from e-three-wheelers going forward. The company also said it is aiming to close the current financial…
Macquarie Asset Management hits the road to sell India highway portfolio
MUMBAI: Australia-based Macquarie Asset Management (MAM), the world’s largest infrastructure asset manager, is seeking to sell its largest Indian road portfolio of nine national highway stretches at a combined valuation of around $2 billion, multiple people aware of the development…
Centre sanctions over 2,800 CISF troops for new airports in Navi Mumbai, Noida
The Union government has sanctioned a combined strength of more than 2,800 CISF personnel to guard two soon-to-be operational international airports in Noida and in Maharashtra’s Navi Mumbai, official sources said Thursday. Sources told PTI that the ministry of home…
Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm
Coca-Cola Company will offload 40% in its wholly-owned Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion). The deal underscores a shift in the India strategy of the world’s largest beverage maker and…
GMR may consider second runway, terminal at Hyderabad Airport once pax hits 45 mn: Official
GMR Group which manages the Rajiv Gandhi International Airport here may consider adding another terminal and second runway once the passenger traffic hits 45 million annually, a senior official of the airport infra major said on Wednesday. SGK Kishore, Executive…
Adani Ports drops $553 million US loan for Sri Lanka terminal, opts for internal funding
Adani Ports and Special Economic Zone (APSEZ) has withdrawn its request for a $553 million loan from the U.S. Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka and is funding the project through…
Air passenger numbers to top five billion in 2025: IATA
Air passenger numbers are forecast to top five billion for the first time next year and the sector’s revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday. “Passenger numbers are expected to reach 5.2 billion…
Centre approves 2 GW Solar park for Rajasthan
The Centre has approved a 2,000-MW solar energy park in Rajasthan with central financial assistance of 30% of the cost, Union Minister for New and Renewable Energy, Pralhad Joshi on said Monday. Addressing a session on Transition Towards a Sustainable…
Car sales plunge 14% in Nov amid weaker demand and festive spillover
Car sales fell 14% year-on year in November as buyers put off purchases after two years of heightened buying post the pandemic. Dealers said consumer demand for passenger vehicle is weaker than expected post the festive period and in the…
New Year, New Prices: Automakers announce January price hikes amid rising costs
New Delhi: Prices of various car models-ranging from entry-level hatchbacks to high-end luxury offerings-are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main…
Aadhar Housing Finance aims AUM of over Rs 25,000 cr by March 25
Aadhar Housing Finance, which caters to the affordable segment, expects its asset under management (AUM) to cross Rs 25,000 crore by the end of the current financial year. “We closed the first half with the AUM of Rs 22,817 crore…
Battery innovations may boost e-car revolution in sub-₹20 lakh segment
New Delhi: India’s electric car market is shifting into high gear, particularly in the affordable segment, with 86% of sales concentrated in the sub-Rs 20 lakh segment. With consumers increasingly choosing battery-powered SUVs over traditional hatchbacks, the electric PV sales…
Suven Pharma to acquire 56 pc stake in US-based firm for USD 64.4 mn
Suven Pharmaceuticals on Saturday said it will acquire a controlling stake in US-based NJ Bio Inc for USD 64.4 million. The company will buy a 56 per cent stake in Princeton, NJ Bio, Suven Pharmaceuticals said in a statement. “This…
Parliament committee approves of reforms proposed in Insurance Bill
New Delhi: A parliamentary standing committee on finance has favoured various reforms proposed in the Insurance Amendment Bill, including issuance of a composite licence and reduction in capital requirement. “The committee notes that IRDAI has proposed amendments to the Insurance…
Laurus Labs biotech unit raises Rs 120 crore from Eight Roads Ventures
Laurus Labs on Friday said its subsidiary, Laurus Bio, has signed a definitive agreement for an equity investment of Rs 120 crore from Eight Roads Ventures and F-Prime Capital. Laurus Labs will also co-invest an additional Rs 40 crore at…
Centre tightens rules on district mineral foundations, plans to halt funds for non-compliance
The Centre has tightened guidelines that govern expenditure by District Mineral Foundations (DMF). According to officials aware of the move, fund disbursal to states can be stopped if they are non-compliant with fund governance rules. The union mines ministry can…
We are removing ‘airlines may change the fare in 24 hours’ clause to address irregularities in airfares: Civil Aviation Minister
Civil Aviation Minister K Rammohan Naidu on Thursday while addressing Rajya Sabha said that the minnistry is working on removing the ‘airlines may change the fare in 24 hrs’ clause to address the irregularities in the airfares. “We are committed…
Electronics manufacturing sparks supply chain reaction from India Inc, collaborates with Govt for global integration
New Delhi: The country’s top manufacturing and industrial houses are working with the government to enter a broadening global electronics supply chain. About two dozen large industrial houses have sensed an opportunity to leverage strengths and competencies to produce components,…
PURE EV to expand dealership network, launch new products by 2027
Hyderabad: Electric two-wheeler manufacturer PURE EV announced plans on Wednesday to expand its dealership network to over 320 outlets across India by mid-2027. The company plans to launch PuREPower in 2025, leveraging its vehicle battery and powertrain platform. “Over the…
Submarine optic fibre infra booms as Google, Meta pour in dollars; data rivalry with local telcos in the offing
Google and Meta are investing billions in landing global submarine fibre cables in India. It will potentially pit the bulge-bracket technology bellwethers against domestic data incumbents Reliance Jio, Bharti Airtel and Tata Communications amid a data centre boom. Opportunities are…
From new Honda Amaze to Kia Syros, check out the list of cars launching this month
As the year 2024 comes to a close, several car manufacturers are gearing up to launch new models in December. Honda, Toyota, Kia, and Hyundai are among the prominent brands preparing to introduce vehicles, with some unveiling new entrants to…
Insurers may get to diversify operations beyond core business
The finance ministry has proposed allowing insurers to diversify operations beyond insurance business. A draft proposal inviting public comments talks about diversification, giving insurers the ability to offer guarantee and indemnity services, manage and sell repossessed properties, and establish employee…
AIFF signs commercial rights agreement with Shrachi Sports, Sony Sports to telecast I-League matches
The All India Football Federation (AIFF) on Monday signed a commercial rights agreement for its premier competitions, including the I-League and IWL, with Shrachi Sports Endeavour Private Limited for producing and broadcasting 338 matches in the 2024-25 season. The other…