Big hotel brands see room for growth in manufacturing hubs
Mumbai: A number of mid- and upscale hotels are coming up in India’s manufacturing hubs, driven by the growing needs of business travellers for quality accommodation. Hotel brands such as Marriott, Hyatt, Orchid, Regenta, Vivanta and Ginger are setting up…
Hockey India inks three-year deal with Doordarshan for Hockey India League
Hockey India has signed a landmark three-year partnership with Doordarshan (DD), ensuring comprehensive nationwide coverage of the Hockey India League (HIL). Discussions are also underway with private broadcasters to expand the league’s reach further. Speaking about the collaboration, Bhola Nath…
Low-fat products can fatten FMCG top boss’ package: Cos link nutrition goals with KRA in wellness drive
Large packaged foods companies such as Nestle, ITC, Britannia, PepsiCo and Danone have started to link key result areas (KRAs) of their CEOs and, in some cases chief information officers and CFOs, with nutrition goals, such as reduction of sugar,…
Life insurance employees’ body demands withdrawal of GST on premiums
A prominent life insurance employees’ federation on Saturday said it will launch a nationwide campaign to press for its demands, including withdrawal of GST on insurance premiums and no further hike in foreign direct investment in the sector. Addressing a…
Curbing cyber fraud: RB(A)I wants more banks to join hunt for mule accounts
New Delhi: The central bank’s innovation arm is in talks with ten public and private banks to further the adoption of its artificial intelligence (AI)-powered tool to detect rising cases of financial fraud through widely prevalent “mule accounts”, a top…
7 South Indian sarees you should know: How many do you own? – Banarasi Silk Sarees (Tamil Nadu)
South India is home to some of the most exquisite saree styles, each reflecting its rich cultural heritage. Discover seven stunning South Indian sarees that every saree lover should explore. Banarasi Silk Sarees (Tamil Nadu): Known for their intricate gold…
Zee Entertainment shareholders reject proposal to reappoint Punit Goenka as director
New Delhi: The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for…
RIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of Reliance Industries has acquired a 21% stake in US-based Wavetech Helium, Inc. for around $12 million (Rs 100 crore), the company said in a statement on Thursday. The…
Healthy ambitions: LIC eyeing ManipalCigna
Life Insurance Corporation of India is in discussions to acquire as much as half the stake in ManipalCigna Health Insurance, as the country’s largest insurer seeks an entry into the fast-growing, yet underserved, market for medical expenses coverage, people familiar…
Abbott launches 14-valent pneumonia vaccine for children
Abbott India on Wednesday announced the launch of its pneumonia vaccine PneumoShield 14 in India, for children from 6 weeks of age, offering broader protection than currently available pneumococcal vaccines in India. PneumoShield 14 is a pneumococcal conjugate vaccine (PCV),…
Fintech innovation must not outpace safeguards: M Nagaraju
NEW DELHI: The government has taken several measures for ease of doing business and reducing the compliance burden for fintech companies, financial services secretary M Nagaraju said Tuesday, while noting that that was essential to maintain a balance between fintech…
Air India urination: SC directs Centre, DGCA to frame more comprehensive guidelines on unruly passengers
The Supreme Court on Tuesday directed the Centre and aviation regulator Directorate General of Civil Aviation (DGCA) to devise more comprehensive guidelines for addressing unruly passenger behavior. The directive came during the hearing of a plea filed by a 73-year-old…
AI use comes of age in Hindi film production
Mumbai: Generative Artificial Intelligence (AI) is making its presence felt in the Hindi film industry as increasing use of such technology tools would help makers not only save time but also costs – both in the pre- and post-production stages…
Amara Raja Infra sets up India’s first green hydrogen fuelling station in Leh
Amara Raja Infra on Monday said it has completed construction of India’s first green hydrogen fuelling station in Leh, Ladakh, for NTPC Ltd. Union Minister for Power and Housing and Urban Affairs Manohar Lal Khattar inaugurated the facility on Sunday,…
FD nomination rules: New bill proposes multiple nominees for bank Fixed Deposits to ease fund distribution after death
A crushing experience in the trail of destruction left by Covid was the inability of family members to freely withdraw and distribute money by breaking the bank fixed deposits (FDs) after the death of the prime earner, who, in many…
India’s 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
New Delhi: India’s 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed…
Signature Global invests Rs 3,000 cr in projects, earmarks Rs 1,500 cr for land buys
New Delhi: Real estate developer Signature Global has invested ₹3,000 crore in the construction of multiple projects and allocated an additional ₹1,500 crore for land acquisition as the residential real estate sector continues to grow despite some softness in the…
BJP win in Maharashtra: Breather for Adani’s $3-billion Dharavi project
New Delhi: The landslide victory for ruling BJP-led Mahayuti in Maharashtra will booster billionaire Gautam Adani-led group’s USD 3-billion project to redevelop Mumbai slum of Dharavi into a “world-class” district. Opposition Uddhav Thackeray-led Shiv Sena (UBT) had pledged to reclaim…
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger….
Consumer electronics market sees value growth despite flat volume sales in 2024
Offline sales of electronic products such as smartphones, televisions, refrigerators failed to grow by volume or number of units sold in the first nine months (Jan-Sep) of the calendar year 2024, though by value there was 10% year-on-year growth triggered…
RBI: RBI, Maldives Monetary Authority sign pact to promote use of local currencies
The RBI and the Maldives Monetary Authority on Thursday signed an agreement here for establishing a framework to promote the use of local currencies — the Indian Rupee and the Maldivian Rufiyaa (MVR) for cross-border transactions. The Memorandum of Understanding…
IndiGo strengthens measures to mitigate fog-related disruptions
Low cost carrier IndiGo has applied proactive strategies and technology to minimise disruptions during the winter season. The move comes as weather conditions during winter in North Indian cities due to fog and smog can be extremely challenging. This has…
Korba to get NTPC-BHEL’s 800 MW hi-tech power plant
New Delhi: India’s first 800-MW advanced ultra-supercritical (AUSC) technology-based power plant of NTPC-BHEL may be set up at Korba in Chhattisgarh where the power generator already operates a 2,600-MW unit. After much scouting, the companies have selected Korba as the…
Datta Power Infra signs MoU to invest Rs 5,000 cr in RE sector in Rajasthan
New Delhi: Datta Power Infra on Wednesday said it has signed an initial agreement with the Rajasthan government to invest around Rs 5,000 crore in the renewable energy sector. The memorandum of understanding (MoU) was signed between company representatives and…
High pollution may boost demand for respiratory drugs
New Delhi: As air pollution continues to wreak havoc, the respiratory segment is expected to grow further in the coming months. While the domestic pharma market is largely driven by anti-diabetics and cardiac therapies, respiratory therapies are expected to lead…
RMZ forms JV with Colt Data Centre Services to invest USD 1.7bn in Indian data centre mkt
Realty firm RMZ has formed an equal joint venture with Colt Data Centre Services to invest USD 1.7 billion in the Indian data centre market. In a statement on Tuesday, RMZ said the company through its RMZ Digital Infrastructure Partners…
Fuel stock at coal-based plants up 52% this Winter
Domestic coal-based power plants have significantly higher coal stocks this winter season compared to last year, driven by better planning, increased coal production and enhanced rake supply, government officials said. Higher availability of coal has led to sufficient base load…
Godrej Agrovet collaborates with Provivi to offer sustainable crop solutions for rice and maize farmers
Pune: Provivi, a global crop protection company, and Godrej Agrovet Limited (GAVL), a food and agri-business conglomerate, today announced a strategic collaboration to deliver sustainable pest control solutions tailored for rice and corn farmers in India. “Under this collaboration, GAVL…
Adani Green Energy plans $2-b fundraise via International bonds, loans
Mumbai: Adani Green Energy, India’s largest private sector renewable power company, is looking to raise around $2 billion in the next few months in multiple tranches through international bonds and loans, according to people close to the development. The company…
Prestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand
Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans…
Alert goods train loco pilot averts major accident in UP’s Bareilly
The loco pilot of a goods train averted a major accident by applying the emergency brakes after spotting an iron garter and cement posts on the tracks near the Dibnapur railway station here, officials said on Saturday. Superintendent of Police…
How well-heeled Indians shrugged off inflation this festive season
Well-off Indian consumers carried on with their festive spending spree even as even as ordinary shoppers were forced to kept their purse strings tight during this year’s sale season owing to sticky inflation, ToI reported on November 16 citing latest…
Why MNCs are making a beeline for Hyderabad
Large tech companies are betting big on the Hyderabad property market with the city contributing 14% of the total office space absorption in the first nine months of this year. The city, in which Microsoft and Facebook have their Indian…
Major push on cards for social science research in India; ICSSR readies big funding hike
New Delhi: The Indian Council of Social Science Research (ICSSR) will significantly increase funding for social science research in India, ToI reported on November 15. The organisation plans to spend Rs 235 crore this year, not including research projects for…
Vi share price: Vi’s debt funding plan could face more delay: CEO Akshaya Moondra
Vodafone Idea’s chief executive Akshaya Moondra has signalled that the telecom operator’s pending ₹25,000-crore debt funding – vital for its 4G and 5G plans – could face more delay as banks are demanding clarity on whether the government will offer…
Govt plans to auction offshore mineral blocks in 2-3 months: G Kishan Reddy
The government is planning to begin the auction of offshore mineral blocks in the next two to three months and around 10 such mines are likely to be auctioned in the first phase, coal and mines minister G Kishan Reddy…
AI in banking: Banking on tech: lenders keep an eagle ‘AI’ on mule accounts
Banks are using artificial intelligence to fight the growing menace of mule accounts, deploying AI tools to track suspicious patterns like dormant accounts receiving large credits or multiple accounts showing identical recurring transactions simultaneously. Financial technology companies such as Bureau,…
India’s April-October finished steel imports at seven-year high
India’s finished steel imports during April-October surged to a seven-year high at 5.7 million metric tons, according to provisional government data reviewed by Reuters on Wednesday. India, the world’s second-biggest crude steel producer, had turned a net importer during 2023/24…
Railways spends 61% of budgeted allocation till October via Rs 1.63 lakh crore capex
New Delhi: The Indian Railways has utilised 61% of its budgeted allocation – till October-end – through a ₹1.63 lakh crore capital expenditure (capex) for the current fiscal. According to officials aware of the development, earnings of the national transporter…
Brits can’t buy new Jaguars for over a year as Tatas revv up all-electric plans
Monday came and went without much fuss about a major bit of British automotive history: Jaguar, the go-to car marque for prime ministers and members of the royal family, stopped selling any new vehicles in the UK. The storied British…
Defaults coming back to bite, banks rein in growth of unsecured credit
MUMBAI: Stung by high default rates in the personal loan, credit card and microfinance (MFI) portfolios, Indian banks are slashing credit card limits and restricting pre-approved personal loans. Some of the lenders have also reduced loan-to-value (LTV) ratios on mortgage…
Alembic Pharmaceuticals gets USFDA nod for generic hypertension treatment capsules
Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic Diltiazem Hydrochloride extended-release capsules indicated for the treatment of hypertension. The approval by the US Food & Drug Administration (USFDA) for…
Rate cut or pricier deposits, SBI can protect NIM: Setty
State Bank of India (SBI) has a 35-basis-point cushion on its benchmark marginal cost of funds-based lending rate (MCLR) that it can choose to pass on to borrowers if deposit rates harden further, Chairman CS Setty told analysts in a…
India emerging as good opportunity market for Sony’s gaming biz, says India MD
India is emerging as a “good opportunity market” in the gaming business for the consumer electronic major Sony, its India Managing Director Sunil Nayyar said. The company has reported “phenomenal growth” in the gaming business in FY24, with the robust…
Flip the Baby Birkin: Luxury flipping, where coveted watches & handbags resold at significant markups, is growing in India
If luxury is dear, my dear, check out the reseller market where it becomes dearer. A Rolex Panda Daytona, which retails for Rs 13.2 lakh, sells for more than double—Rs 27 lakh—in the secondary market. The Patek Philippe Nautilus, which…
Air India Express plans more international flights; to have over 110 planes by March 25
Expanding its network and tapping group synergies, Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of…
Cashfree launches pilot for cross-border payments
Mumbai: Swiggy, Nykaa, Bookmyshow, Redbus, Zepto, Nature’s Basket, and Vedantu among others have tied up with payments gateway Cashfree Payments to tap international customers.Cashfree, which has received the Reserve Bank of India’s (RBI) cross-border payments licence, has launched a pilot…
Mahindra Lifespaces, GKW ink joint development pact for 37-acre in Mumbai’s Bhandup
Mahindra Lifesapce Developers, through its wholly-owned subsidiary ADL, has entered into a joint development agreement with GKW Ltd to develop a nearly 37-acre land parcel in Mumbai’s eastern suburb Bhandup.The company is planning to undertake a mixed-use project with residential,…
Consumer sentiment relatively muted in Q2: Noel Tata, Trent chairman
Mumbai: Noel Tata, chairman of Trent Limited, said consumer sentiment remained relatively muted and coupled with seasonality led to retail businesses facing headwinds, after the Tata Group company reported a 40% increase in net sales for the quarter ended September….
Visa appoints Rishi Chhabra as country manager for India
Digital payments company Visa on Thursday named Rishi Chhabra as the country manager for India. In his new role, Chhabra will be responsible for the India business, owning senior client relationships and leading and executing the firm’s strategic initiatives for…
NPPA asks companies to cut prices of three cancer drugs post tax relief
After the government announced Customs duty exemption and a reduction in GST rates on three key cancer drugs in the budget, the National Pharmaceutical Pricing Authority (NPPA) has directed drug manufacturers to reduce the MRP on these drugs to pass…
IL&FS group resolves debt of Rs 38,082 crore as of September-end
IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. “As on September 30, 2024, the…
Starlink, telcos spar over satellite spectrum pricing
New Delhi: Elon Musk’s Starlink has hit back against Indian telecom operators’ demand that only auctioned satellite spectrum should be used to service urban or retail consumers, terming it “self-serving at the cost of underserved users”.The US-based company has called…
Oil prices in India: Oil prices to remain stable in India with various crude supply options: Union Minister Hardeep Puri
Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil indicated Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri in a social media post….
Akasa Air FY24 revenue soars 339%, losses up over two-fold
Mumbai: Akasa Air reported a revenue of ₹3,069.6 crore in FY24, a 339.2% jump from ₹698.7 crore a year ago. However, its losses after tax more than doubled to ₹1,670.1 crore from ₹44.5 crore a year ago, as expenses surged…
Mahindra & Mahindra: Mahindra to unveil 2 electric SUVs, XEV 9e and BE 6e, later this month
Mahindra & Mahindra announced on Monday that it will be unveiling two new electric SUVs on November 26, 2024, in Chennai. The new models, named XEV 9e and BE 6e, will make their global debut at the company’s “Unlimit India”…
Indian telcos get huge discounts on gear as vendors target growth markets
Mumbai: Indian telecom operators like a good bargain. Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have signed contracts worth billions of dollars to source network equipment from vendors like Finland’s Nokia and Sweden’s Ericsson at prices that are 30-40%…
ONGC draws a blank on offer of stake in Deen Dayal gas field
State-owned Oil and Natural Gas Corporation’s (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got…
MH370: Missing MH370: Will tech unravel the mystery?
It has been a decade since Malaysian Airways Flight MH370 disappeared from the horizon in the biggest aviation mystery ever. Despite intense efforts, including by the governments of Malaysia, China, Vietnam and Australia, and various agencies, the world had reconciled…
apple: iPhone draws a huge applause from Indians in Q3; to open four more flagship retail stores
NEW DELHI: Apple set yet another revenue record in India in the September quarter, thanks to the iPhone, amid an ongoing trend of premiumisation in the smartphone market, said chief executive Tim Cook. “iPhone grew in every geographic segment, marking…
Govt revises wastage, input-output norms for jewellery exports
The government Friday revised the norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during…
Low spark, high stock: Marutis and Tatas had a big headache in run up to Diwali parties
Concerns over sluggish vehicle demand, even in the ongoing festive season, have perhaps deprived Indian auto majors of a fireworks-filled Diwali. Car sales in the local market declined for the third straight month in September despite automakers offering hefty discounts…
Bank lending rates dip sequentially, while deposit rates rise
Bank lending rates dipped sequentially, while deposit rates rose, Reserve Bank of India (RBI) data published separately also showed. The weighted average lending rate on fresh rupee loans of commercial banks was 9.37 per cent in September 2024 , down…
property registration: Delhi: You can now register property at any sub-registrar office
Delhi government has brought in an “anywhere registration” scheme for properties to reduce applicant congestion at some of the busiest sub-registrar offices in the city, removing jurisdictional boundaries across 22 offices, reported TOI. Delhi will function as a single district…
NCLAT to decide on continuity of moratorium if stay order obtained
The National Company Law Appellate Tribunal (NCLAT) has taken up a substantial legal issue regarding the continuity of moratorium on payment of dues if a stay has been obtained on an insolvency admission order. Uncertainty surrounding continuity of moratorium in…
Swiggy tweaks IPO menu to put more money in business even Ambani is eyeing
Swiggy, the popular food and grocery delivery service, has set a fresh course for its future growth through a pivot in its Initial Public Offering (IPO) plans. As it gears up for its public debut, the company has revealed a…
EU slaps tariffs on Chinese EVs, risking Beijing payback
The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing. Just over a year after launching…
How to Get the Best Window Tints in Roseville CA
Best Window Tints in Roseville CA The scorching summer heat in Roseville necessitates effective window tinting solutions that can offer superior protection. Aside from reducing glare and enhancing privacy, tints also regulate internal temperatures and reduce energy costs by minimizing…
Gold glitter continues this Diwali even as shoppers get cautious
Gold continues to shine despite the record-high prices. The yellow metal prices saw an increase of 24 per cent this year but buying interest is still high amid volatile markets and geopolitical challenges, according to a report by Religare. Buyers…
What are the best removal companies in High Wycombe
best removal companies in High Wycombe When moving to a new home, the last thing you want is to be weighed down by unnecessary items. For that reason, it’s important to find the right removal company for you. A reputable…
Prestige Group acquires 17.45 acres of land in Whitefield, Bengaluru for Rs 462 crore
Prestige Group, a real estate development company, has acquired approximately 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore. The newly acquired land has the potential to develop over 2.68 million square feet for a residential project, according…
Delhi railway station: Ahead of Diwali rush, Delhi railway station suspends this major facility after Bandra stampede: Check here
The Northern Railways and the Delhi Rail Division on Sunday announced the suspension of platform tickets during the festive season to decongest the stations. This comes hours after at least 10 people were injured in a stampede at Mumbai’s Bandra…
DEMU train engine catches fire in MP’s Ratlam, doused; no one hurt
The engine of a Diesel Electrical Multiple Unit (DEMU) train caught fire on Sunday in Madhya Pradesh’s Ratlam district, though no one was hurt in the blaze, an official said. The incident occurred at 5:30pm between Runija and Naugaon stations…
How to clean varnished wood floors effectively?
clean varnished wood floors effectively When your wood floors are properly cleaned and maintained, they can last a lifetime. The secret is routine, preventive maintenance – not just mopping when things get grimy. Sweep or vacuum regularly, especially in high-traffic…
Are your Diwali sweets safe? Shocking food adulteration cases uncovered in Noida, Ghaziabad!
With Diwali around the corner, food safety departments in Ghaziabad and Noida are conducting intensified inspections at food outlets and sweet shops to combat rising incidents of food adulteration. This proactive approach is essential as the festive season often sees…
Bomb threat crisis deepens, over 30 flights targeted on Saturday
As many as 33 flights received bomb threats on Saturday, according to sources. In 13 days, more than 300 flights operated by the Indian carriers have received hoax bomb threats. Most of the threats were issued through social media. Amid…
Adani Airport Holdings announces incorporation of Celeritas International FZCO in UAE
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, on Saturday announced that it has incorporated a new entity named Celeritas International FZCO in the UAE. With an authorised and paid-up share capital of AED 100,000, Celeritas is set…
Air India Express to operate Kolkata-Port Blair double daily flights from Dec 1
Air India Express, a subsidiary of Air India, on Friday announced commencement of direct flights from Port Blair to Kolkata. The double daily flights to and fro Kolkata will commence on December 1, it said, adding that bookings are now…
Overhang for Axis Bank over, Amitabh Chaudhry secures re-appointment from RBI
MUMBAI: Private sector lender Axis Bank on Thursday said that the Reserve Bank of India has approved the re-appointment of its chief Amitabh Chaudhry for three years. The bank’s board had applied in April to the RBI to seek Chaudhry’s…
NBFC growth to be hit due to rising unsecured loan stress
Unsecured loans like micro finance, personal loans, credit cards and business loans will continue to be a source of stress for non bank financial companies (NBFCs) this fiscal year as borrowers’ repayment capacities are likely to be hit due to…
Ford: Ford may produce hybrids & ICE engine parts at Chennai plant
Reuters Ford announced that it has submitted a Letter of Intent to the Government of Tamil Nadu. American auto major Ford may opt for a combination of electric vehicles, hybrids and internal combustion engine components as its manufacturing strategy for…
Global carbon black industry projected to grow by 50% to USD 42 bn by 2032
The global carbon black market is expected to grow by 50 per cent to touch USD 42 billion by 2032, industry body Asia-Pacific Carbon Black Confederation (APCBC) said on Wednesday. The carbon black industry is currently valued at around USD…
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal
Mumbai: Adani Cement Tuesday announced the buyout of CK Birla Group’s Orient Cement at an equity value of ₹8,100 crore, intensifying the war for market share in a highly regionalised and freight-intensive building materials industry that’s the world’s second biggest…
ED attaches Rs 335-cr worth assets in Unitech Group money laundering case
New Delhi: Fresh assets worth Rs 335 crore of the Unitech Group and a linked company have been attached under the anti-money laundering law, the Enforcement Directorate said Tuesday. A provisional order has been issued under the Prevention of Money…
How Do I Determine the Cost-Effectiveness of Packaging Products?
Cost-Effectiveness of Packaging Products Product packaging plays a critical role in protecting, displaying, and delivering products. It also contributes to shipping, warehousing, and fulfillment costs, making it important for brands to understand how packaging impacts their bottom line. Achieving cost-effectiveness…
China’s Haier seeks Indian partner to navigate bureaucratic challenges, offers up to 49% stake
China’s Haier is looking for a strategic local partner in India, similar to the strategy employed by MG Motor, which has tied up with JSW Group. This stems from heightened scrutiny by Indian regulators and government agencies on Chinese companies,…
Aurum PropTech April-September total income Rs 136.7 crore, up 30% on-year
Realty developer Aurum Ventures-controlled listed information technology company Aurum PropTech has reported 30% on-year growth in total income at Rs 136.7 crores for the first half of the financial year 2024-25. The company’s operating profit margin for the period witnessed…
HCCB Fund Fact: Bhartias in talks with global investors for ₹12,500 cr acquisition of Coca-Cola’s bottling arm
Mumbai| New Delhi: The promoters of the Jubilant Bhartia Group, brothers Shyam and Hari Bhartia, are in discussions with alternative asset managers, mutual funds and foreign banks to raise as much as ₹12,500 crore ($1.5 billion) for the acquisition of…
Prestige Group targeting Rs 10,000 cr annual revenue from NCR
Bengaluru-headquartered real estate developer Prestige Group is targeting Rs 10,000 crore in annual revenue from the National Capital Region from as early as next financial year as part of its aggressive expansion plans in the region, chairman and managing director…
India now wants to upgrade US pact on critical minerals
New Delhi: India has proposed a partnership agreement on critical minerals to the United States, upgrading the bilateral memorandum of understanding (MoU), commerce and industry minister Piyush Goyal said on Saturday. “We suggested that critical mineral MoU be converted to…
Kalka-Shimla Railway: A scenic ride through nature, its technical marvels and breath-taking view, watch! – The Economic Times Video
The Kalka-Shimla Railway, a UNESCO World Heritage Site, is a special route in northern India known for its technical marvels and breath-taking views. Riding the heritage toy train from Kalka to Shimla is an unforgettable experience, especially in the Vista…
Are there third-party PS3 power cords available?
third-party PS3 power cords available In most cases, you can use alternative PS3 power cords if the voltage and amperage ratings match those specified by Sony. However, it is important to note that the wrong power cable can damage your…
Local train derails at Mumbai’s Kalyan station, no injuries reported
Mumbai (Maharashtra): A local train derailed at Kalyan station platform number two 2 when one coach went off the track, a railway official said. In the incident that happened on Friday night, no injuries have been reported, he said. Central…
India eyes $87 bln investment in petrochemicals sector over next decade, says Hardeep Singh Puri
India is expected to receive investments worth $87 billion in the next decade to meet the nation’s rising demand for petrochemicals, the country’s oil minister Hardeep Singh Puri said on Friday. “As more citizens enter the middle class, the demand…
RBI bans four finance companies from sanctioning and disbursing new loans
The Reserve Bank of India (RBI) banned four finance companies, including Sachin Bansal-led Navi Finserv and Mitsubishi UFJ Financial Group-backed DMI Finance, from sanctioning and disbursing new loans as they were found to be charging excessive interest rates. This follows…
When Apple joined hands with China’s BYD to create a Tesla killer
Apple had reportedly secretly partnered with Chinese automaker BYD to counter Tesla. According to a report from Bloomberg’s Mark Gurman, Apple collaborated with BYD to develop new battery technology for its electric vehicle project. The partnership started around 2017 and…
Airline bomb hoax: Agencies on alert; Mumbai police detains juvenile
New Delhi: On a day when seven more flights received bomb threats, the Centre asserted that agencies are actively pursuing the cases even as the Mumbai Police apprehended a juvenile from Chhattisgarh for three such hoax calls. Meanwhile, to ensure…
Over 2.75 lakh URLs whitelisted by 10,000 entities after TRAI guidance
Over 10,000 business entities have whitelisted more than 2.75 lakh URLs, after the guidance issued by the Telecom Regulatory Authority of India (TRAI) in August, the telecom regulator said in a release said on Wednesday. The TRAI directed all Access…
Government seeks dismissal of plea on Covishield deaths, Supreme Court to hear on November 26
New Delhi: The government sought dismissal of a petition filed by parents of two young women who allegedly died due to the adverse effects of Covishield vaccine, but the Supreme Court listed the matter for further hearing on November 26….
Skoda looks to tap lucrative sub-4 mtr segment with compact SUV Kylaq
Czech automaker Skoda is looking to get into the high volume segment in the Indian market as it gears up to drive in all-new compact SUV Kylaq in India, according to a senior company official. The company, which currently sells…
Paris Motor Show opens during a brewing EV trade war between the EU and China
Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. The biennial show has long been…
Mergers advisor Bansi S Mehta finds itself a match in Karra & Co
Bansi S Mehta which has a five decade history of advising large corporates on mergers is combining with Karra & Co to expand its reach across India, as per a linkedin post by the Mumbai-based firm. Founded by Bansidhar S…
Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions
Reliance Industries (RIL) is in talks to acquire a stake in Bollywood producer and director Karan Johar’s Dharma Productions, said people familiar with the matter. A deal will strengthen the oil-to-telecom conglomerate’s position in the Indian content production industry. The…
Mysuru-Darbhanga Express: Tamil Nadu train accident: Drone footage captures tragic scene at Mysuru-Darbhanga Express site – The Economic Times Video
Drone footage from the Chennai-Gudur section, between Ponneri and Kavarappettai stations (46 km from Chennai), shows the damage caused by the Mysuru-Darbhanga Express (Train No. 12578) colliding with a goods train. The accident, which occurred on Oct 11, led to…
It’s an automatic shift! Car buyers changing gear fast for smooth drive
Mumbai: An increasing number of mainstream car buyers in the country are opting for automatic transmission (AT) vehicles despite their higher price tags, lured by smoother driving experiences and improved fuel efficiency. Once considered a luxury, ATs now represent approximately…
Tamil Nadu train accident: Rain affects restoration work of derailed Mysuru-Darbhanga Express
Tamil Nadu train accident: Rain affects restoration work of derailed Mysuru-Darbhanga Express
Drone footage from tragic Mysuru-Darbhanga Express accident site – The Economic Times Video
Tiruvallur (Tamil Nadu): Drone footage from the Chennai-Gudur section, between Ponneri and Kavarappettai railway stations (46 km from Chennai), captured the extent of the destruction caused by the rear collision of Train No. 12578 Mysuru-Darbhanga Express with a goods train…
Railways to hold Rail Chaupal to promote community engagement, resolve complaints
The Railway Ministry will hold a number of ‘Rail Chaupal’ across the country’s railway stations to promote community engagement and resolve public complaints under its Special Campaign 4.0. Railway Board Chairman and CEO Satish Kumar made the announcement in a…
Ola BOSS 72-hour sale offers huge discounts on S1 scooters: Here’s what you get
Ola Electric has launched its “BOSS 72-hour Rush” sale, offering customers attractive discounts on the S1 electric scooter lineup. The sale, part of Ola’s Biggest Ola Season Sale, is running from October 10 to October 12, with limited-time offers designed…
RBI asks ARCs to become members of all 4 credit information companies
The Reserve Bank on Thursday asked Asset Reconstruction Companies (ARCs) to become members of all credit information companies and submit the requisite data to them in the prescribed format. As per the extant norms, ARCs had to be a member…
Adani in talks with Middle Eastern sovereign fund for $1 b Investment in airports
Mumbai: The Adani Group is in advanced talks with a Middle Eastern sovereign fund to raise up to $1 billion for its airports business, said people with knowledge of the matter. The fundraising parleys come as group flagship Adani Enterprises…
Warner Bros. Discovery aims to deliver over 3,000 hours of fresh content in India by year-end
New Delhi: Global entertainment firm Warner Bros. Discovery on Wednesday said it plans to deliver over 3,000 hours of fresh content by the end of this year in India across its linear channels and video streaming platform ‘discovery+’. The company…
Tata powers up wind energy market with mega order; seeks bids for supply of turbines with capacity of 3 GW
Renewable energy company Tata Power is seeking bids for the supply of wind turbines with a capacity of over 3 gigawatts (GW) to be installed at its wind-solar hybrid renewable energy facilities across the country over the next three to…
Alka Bhatia Hiranandani: Akshay Kumar’s sister Alka Bhatia Hiranandani buys luxury apartments in Juhu
Alka Bhatia Hiranandani, sister of Bollywood actor Akshay Kumar and wife of realty developer Surendra Hiranandani, has purchased two luxury apartments in Mumbai’s plush Juhu locality for a total of Rs 72 crores. She has bought these apartments spread over…
Bharti Airtel in advanced talks to acquire Tata Play to boost digital TV segment
Sunil Mittal-led Bharti Airtel is in advanced negotiations with the Tata Group to buy loss-making Tata Play, India’s largest direct-to-home (DTH) business, said people aware of the matter. The aim is to consolidate its presence in the digital TV segment…
Hitachi Energy plans Rs 2,000 cr investment in India in next 5 years
Switzerland-based technology player Hitachi Energy has plans to invest Rs 2,000 crore over the next 4-5 years in India, a company official said on Monday. The investments will be made towards expanding capacity of transformers, talent base and increasing portfolio,…
야간 근무가 흔한 직업은 무엇입니까?
흔한 직업은 무엇입니까 일반적인 직업 선택은 야간 근무입니다. 미국 노동통계국이 실시한 2004년 조사에 따르면, 정규직 임금 및 급여 근로자의 14.8%가 비표준 근무 일정(저녁 및 야간 근무 포함)으로 일했습니다. 이 수치에는 영구 야간 근무 직책을 가진 개인과 야간 근무를 포함하는 고용주가…
Adani Group lays bricks to buy Heidelberg’s India cement unit
MUMBAI: The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be led by Adani Group company Ambuja Cements…
L&T eyes role in NASA’s successor to the International Space Station
After powering ISRO’s space missions for more than five decades, India’s largest engineering firm Larsen and Toubro has now set its eyes on the international market, particularly the next International Space Station. L&T was earlier in talks with Jeff Bezo’s…
restaurant business: Now, corporates want a seat at the restaurant business table
Big corporate houses have found an appetising opportunity in the most unlikely corner of the business world: restaurants. Once dominated by family-owned businesses, the Indian restaurant industry is now seeing a massive interest from corporates that all want a piece…
Important to create consumer pull in categories seen as undifferentiated: KRBL head Ayush Gupta
KRBL Ltd, which sells basmati rice under the India Gate brand is, for the first time, changing packaging for its entire range. “It’s not like the general kirana store…the consumer here is browsing through various brands on her screen and…
Global sunroof companies look to ride the giant India wave
A growing enthusiasm for car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking…
Prime Securities Forays into Wealth Management
Mumbai, Thursday, October 4, 2024: Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary, Prime Trigen Wealth Ltd….
MUFG rejoins Yes Bank race, submits initial bid for a majority stake
Mumbai: Japan’s Mitsubishi UFJ Financial Group (MUFG), the world’s second-largest bank holding company, has re-entered the contest to acquire a majority stake in Yes Bank, India’s sixth-largest private bank by assets, according to people aware of the matter. This comes…
GPay to provide gold-backed loans in collaboration with Muthoot Finance
Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay. Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available…
Oil rises as Middle East conflict deepens, gains capped by global supply outlook
Oil prices ticked higher in early trade on Thursday as investors weighed the escalating conflict in the Middle East and the potential for disruption to crude flows, against an amply-supplied global market. Brent crude futures increased 64 cents, or 0.87%,…
Marico Ltd reports mid-single-digit volume growth
NEW DELHI: Manufacturers of Parachute coconut oil and Saffola edible oil, Marico Ltd said on Wednesday there has been a sequential improvement in volume growth with the domestic business reporting mid-single-digit volume growth during the quarter ended September 2024. In…
Apple readies new iPhone SE model that kills the home button
Apple Inc., fresh off the release of the iPhone 16, is preparing to announce a new low-end phone early next year alongside upgraded iPads. The company is nearing production of an updated iPhone SE — codenamed V59 — that will…
Alt DRX appoints Harsha Bhogle as Brand Ambassador
Alt DRX, a digital real estate marketplace, has recently enlisted Harsha Bhogle as its brand ambassador, marking a significant milestone in the company’s mission to revolutionize real estate investment in middle India. This strategic partnership aims to build a unique…
Union Finance Minister Nirmala Sitharaman reviews performance of RRBs in North East
Union Finance Minister Nirmala Sitharaman chaired a meeting to review the performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh, on…
Lupin ties up with Scope Opthalmics to market eyecare products in Mexico
New Delhi: Drug maker Lupin on Monday said it has inked a distribution pact with Ireland-based Scope Ophthalmics to market a product range, indicated for the treatment of various eye conditions, in Mexico. The company has signed a distribution agreement…
Oil prices rise on Middle East supply risks as Israel steps up attacks
Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14…
UP to cut pollution with fleet of electric buses
The Uttar Pradesh government is set to roll out a fleet of electric buses, including several double-decker ones, for enhanced commuting experience while reducing pollution. The double decker buses, which will be able to accommodate 65 passengers at a time,…
Indian Oil flags off bids for third time for green hydrogen plant at Panipat
Indian Oil Corp has floated a tender for the third time to build a green hydrogen plant at its Panipat refinery in Haryana, after its two previous attempts failed. The tender dated September 11 seeks bids for setting up a…
1 in every 4 diabetics at serious risk of heart failure: Study
One in four diabetic patients are at serious risk of developing heart failure, according to studies conducted in Mumbai and Delhi-NCR at two labs. An analysis of over 2,000 patient samples from Delhi-NCR by Dr Dangs Lab revealed that 15…
Unilever ready to defend India top spot with millions
Mumbai: Unilever will do “whatever it takes” to defend its market leadership in India and won’t hesitate to invest “hundreds of millions” or make acquisitions as competition intensifies on several fronts-from regional rivals to new-age, digital-first brands. “We have established…
Electronic brands launch direct price war against Amazon and Flipkart ahead of e-commerce discounting season
In a new price war at the start of the biggest e-commerce discounting season, large electronic brands are undercutting ecommerce marketplaces Amazon and Flipkart through their own online brand stores. Brands such as Samsung, Xiaomi, Vivo, Realme, LG, Honor, Boat…
ChrysCapital has a Rs 3500 crore craving for Theobroma & Belgian Waffle, plans to create investment platform combining brands
NEW DELHI/MUMBAI: ChrysCapital is looking to create an investment platform as it closes in on at least two bakery-patisserie and dessert chains, Theobroma Foods and Belgian Waffle Co., at a combined valuation of around Rs 3,200-3,500 crore, said people aware…
Nirmal Bang Securities’ promoter buys two luxury apartments in SOBO’s Mahalaxmi
Kishore Mishrilal Bang, the promoter of Nirmal Bang Securities, has bought two luxury apartments in an upscale under-construction residential project in south Mumbai’s Mahalaxmi locality for a total of Rs 45.69 crore. He has purchased the apartment along with his…
How Do Forests Contribute to the Carbon Credit Exchange?
Forests Contribute to the Carbon Credit Exchange Forests contribute to the global carbon cycle by absorbing and storing carbon, while releasing carbon dioxide back into the atmosphere through photosynthesis. The net carbon balance is the basis of a tradable commodity…
This Diwali, gifts will mean a lot more… spending
NEW DELHI: It’s the ‘festival of lights’ but inflation may cast a shadow on gift hampers of dry fruits, chocolates, cookies, juices and potato wafers. An ET study of the 10 most-gifted products shows consumers will have to shell out…
Thousands of Surat workers are caught in Russia-West crossfire
The Russia-Ukraine war is claiming casualties beyond the battlefields. Western response to Russia’s invasion of Ukraine is reverberating across the world, as far as Surat in Gujarat where thousands of workers have become target of Western sanctions on Russia and…
Delivery of 200 Vande Bharat sleeper coaches likely to get delayed
New Delhi: The arrival of 200 sleeper variant Vande Bharat trains could take longer than previously expected, with negotiations on fresh changes to the design of coaches and the length of the trains in the nearly ₹60,000 crore supply and…
First phase of Mumbai’s first underground Metro to be commissioned soon, says top official
Mumbai: The first phase of Mumbai’s first underground Metro or aqua line between Aarey Colony and Bandra-Kurla Complex will be commissioned soon, subject to safety clearance, a senior official said on Tuesday. The 12.5 km stretch between Aarey Colony and…
Any AGR dues relief now up to government: Voda Idea
Kolkata:Vodafone Idea (Vi) has said it’s now up to the government to come up with a mechanism to offer financial relief to the company, after the Supreme Court’s recent rejection of the telco’s curative petition seeking a re-computation of its…
Re-opening of white goods PLI scheme likely to see muted response
Government’s re-opening of the production linked incentive (PLI) scheme for white goods such as AC and LED lights is likely to see muted response as several large manufacturers are not going to file fresh investment proposals under it, industry executives…
Treat your customers as RoIlty
Trust and brand are foundational for effective marketing and sales. But escalating marketing spending with no meaningful results leads to frustrated customers and wasted potential. By aligning strategies with care, we can maximise customer satisfaction and acquisition while making every…
Railways to tighten noose around ticketless travellers, including cops, during festive rush
The Railway Ministry has decided to launch a special ticket-checking drive around the festive seasons to keep a check on ticketless travellers, including policemen as they are among the top violators, officials said. The Ministry, on September 20, wrote a…
Big-budget movies continue to bomb: More films shelved as Bollywood stops shooting for stars
Mumbai: The Hindi film industry has seen 30-40 big-budget films getting shelved in the past year and a half, a sharp rise from the pre-pandemic average of 10-15 annually, according to trade analysts, causing fresh concerns in Bollywood despite some…
Disney Star secures exclusive rights for T10 global tournaments
Disney Star, a leader in sports broadcasting, has partnered with T Ten Global to broadcast all four major T10 cricket tournaments — Zim Afro T10, US Masters T10, Abu Dhabi T10, and the newly launched Lanka T10 — to fans…
iPhone 16: Indians order Apple in 10 minutes. No, not the fruit
Apple clocked up to 25% higher sales of the iPhone 16 models on launch day compared with that of the iPhone 15 last year, with quick commerce platforms also getting into the act. But demand for the pricier Pro series…
Uco Bank IMPS issue: Slim chance of full recovery this fiscal, says bank MD
Kolkata: Uco Bank appears to be losing hopes of recovering the full Rs 820 crore, which was erroneously transferred to several of its account holders through digital channel, anytime soon. The state-owned lender has so far recovered about 90% of…
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current market value, a successful deal…
Vivek Sharma: Suven Pharmaceuticals names Vivek Sharma as executive chairman
PE firm Advent International-backed Suven Pharma on Thursday announced the appointment of Vivek Sharma as the new executive chairman, effective September 20, as the incumbent Annaswamy Vaidheesh decides to transition from the Board and becomes the vice-chair of Suven’s Advisory…
Bhartias lead race for Coke bottler Hindustan Coca-Cola Beverages, ink exclusivity pact to buy up to 40% stake for $1.4 billion
The promoters of the Jubilant Bhartia Group have emerged as frontrunners for a stake in Coca-Cola’s India bottling arm, bettering an offer by the Burmans of Dabur, as they amps up their bet on the country’s evolving consumption patterns and…
India largest market by volume, 2nd largest by value for French spirit maker Pernod Ricard
New Delhi: India is now the largest market by volume and second-largest by value for the French spirit maker Pernod Ricard, which owns popular brands such as Absolute, Chivas Regal, and Glenlivet, said its India MD Jean Touboul on Wednesday….
Airtel: Gearing Up for 4G: Airtel makes billion-dollar call for Equipment
Bharti Airtel, India’s second-largest telecom operator, is set to award about $1 billion (Rs 8,375 crore) worth of orders to Ericsson, Nokia and Samsung for acquiring 4G network gear over the next three years, said people aware of the matter….
Airfare hike not linked to rise in airport charges: Airports Council International
Airport charges are an important element of the commercial aviation ecosystem for infrastructure development and increase in airfares is not linked to a rise in the charges, according to the Airports Council International (ACI). Against the backdrop of the International…
Matchmaker turns suitor: Nomura joins three-way race for homegrown investment bank Avendus
Nomura, Japan’s largest investment bank and broking firm, has jumped into the race to acquire homegrown investment bank Avendus, a KKR portfolio company, said people in the know, switching from advisor on the deal to interested party. The Avendus sale…
Mahindra expands LCV range with product based on multi-energy platform
Mahindra & Mahindra on Monday expanded its light commercial vehicle (LCV) range with a new product range based on an all new platform developed at an initial investment of Rs 900 crore. The company has introduced “Veero” light commercial vehicle…
Most stakeholders prefer consistency to surprises: SBI chairman CS Setty
Mumbai: State Bank of India (SBI) chairman CS Setty told ET the country’s biggest bank will look to deliver “consistency in performance” for all stakeholders, with technology at the vanguard of growth at the bank that has ₹68 lakh crore…
Why energy efficiency should matter this World Ozone Day
As climate change accelerates, the urgency grows around two key threats—indirect greenhouse gas (GHG) emissions from inefficient air-conditioning and refrigeration appliances powered by fossil fuel-based electricity, and direct GHG emissions from harmful refrigerants in these systems. Cooling is no longer…
‘Renewable energy to power India’s economic growth’
India’s ambitious goal of attaining net-zero carbon emissions by 2070 is centred on the expansion and integration of renewable energy sources, which is a key component of the country’s commitment to the sustainable development path. As one of the world’s…
PM Modi to flag off country’s first Vande Metro service between Ahmedabad-Bhuj in Gujarat
Prime Minister Narendra Modi will flag off the country’s first ‘Vande Metro’ service on Monday during his two-day visit to Gujarat, an official said. The Ahmedabad-Bhuj Vande Metro is a fully unreserved air-conditioned train for which passengers can buy tickets…
差價合約交易中CFD代表什麼？
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Rural broadband project lags over planning glitches
Project hardware and supporting power infrastructure meant for one of the world’s biggest rural broadband projects are stuck in panchayat buildings across India’s villages. Sophisticated broadband gear worth thousands of crores is crammed into rooms along with bags of fertilisers…
Vegas Mall in Delhi saw max average footfall during April-June among top 25 shopping malls, says report
Vegas Mall in the national capital witnessed highest average daily footfall during April-June period followed by V3S East Centre Mall in east Delhi and Phoenix Marketcity in Mumbai region, according to a report. GeoIQ, a leading location AI startup, on…
Alkem joins $3 bn race for JB Chem as Torrent pauses talks
Alkem Laboratories Ltd, India’s fifth-largest branded pharmaceutical company, has joined the race for JB Chemicals and Pharmaceuticals as KKR and Co looks to cash out of the 48-year-old company on the back of a significant rise in market value, said…
Regional air connectivity scheme made air travel inclusive, says Prime Minister Modi
Prime Minister Narendra Modi on Thursday highlighted the growth of the Indian civil aviation sector and said air travel has become inclusive with the regional air connectivity scheme. Emphasising that the civil aviation sector has a major role in growth…
Bilateral flying rights talks set to take off
New Delhi: India is set to commence talks with “some countries” on expansion of bilateral flying rights, civil aviation minister Ram Mohan Naidu told ET. He said Indian carriers’ interests will be given priority in any such discussion. People familiar…
Tata Steel signs £500 mn Grant Funding Agreement with UK Govt for Port Talbot project
Tata Steel has signed a £500 million Grant Funding Agreement with the UK Government to advance its ambitious £1.25 billion green steel project at Port Talbot steelworks in Wales, in a significant boost to the British industry. The agreement marks…
Bountiful Apple pickings likely with the iPhone 16; latest range flaunts AI, lower prices for some models
The iPhone 16 series may help Apple achieve a record 8% India market share by volume this year, while pushing its revenue from the country up 18% on-year, boosted by the device’s artificial intelligence (AI) capabilities and reduced pricing of…
Century Textiles buys Nusli Wadia’s 10-acre land parcel in Mumbai’s Worli for Rs 1,100 cr
The long-drawn legal tussle between Wadia Group Chairman Nusli Wadia and Aditya Birla Group has come to an end with the latter’s wholly owned company Century Textiles and Industries acquiring the ownership rights of around 10-acre leasehold land parcel in…
Vodafone Idea dials PFC, REC for funding needs; funds required to meet 3-yr capex & maintenance costs
New Delhi: Vodafone Idea has in recent weeks approached state-owned lenders Power Finance Corp. (PFC) and REC Ltd for loans to meet medium-term funding requirements, ET has learnt.Senior executives of the telecom company and parent Aditya Birla Group (ABG) met…
Ikea India: Ikea looking at next phase of investments in India, plans smaller format stores in adjacent markets
Global furniture retailer Ikea is looking for the next round of investments in its priority market India as it enters the second phase of growth, its India CEO Susanne Pulverer said. Ikea will open small-format stores with a retail area…
iPhone’s sweet 16! India to rush in and join sales party
In a first, made-in-India iPhone 16 series will be available across the world within the first few days of the launch of sales, multiple people familiar with the matter told ET. Apple is scheduled to unveil the latest range on…
Shriram Finance plans to raise $1 bn from overseas in next 6 months
NBFC Shriram Finance plans to raise USD 1 billion (about Rs 8,300 crore) from overseas in the next 6 months to fund its business growth. “We are planning to raise USD 300 million in the next few weeks, may be…
As EV demand slows, Europe’s auto industry might face €15 billion in fines over emissions, warns Renault CEO
Europe’s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault chief executive Luca de Meo said on Saturday. Automakers face tougher European Union CO2 targets in 2025…
Wockhardt says acted as per laws, denies Congress’ charges over affiliate rental payments to Sebi chief
Mumbai: Wockhardt has denied ‘conflict of interest’ and ‘corruption’ allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the…
ET Graphics: A big connection with mobile Data
India’s mobile data pricing is amongst the lowest in the world even after the recent round of industry-wide headline rate hikes. Data prices in the country are well below those of the US, Japan, UK, Brazil and China. Low data…
Kuala Lumpur: Malaysia Airlines plans to connect more non-metro cities in India
Malaysia Airlines plans to fly to more non-metro cities in India as well as increase the frequency of flights to Ahmedabad and Trivandrum, a senior airline official said on Friday. The carrier, part of the Malaysia Aviation Group (MAG), currently…
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd. The bankruptcy court, while dismissing the application observed that…
Amazon Global Selling to cross $13 billion in cumulative e-commerce exports from India by 2024-end
Amazon announced on Thursday that its e-commerce exports program, Amazon Global Selling, will cross $13 billion in cumulative e-commerce exports from India by the end of 2024. Amazon aims to achieve $20 billion exports from India by the end of…
IPL franchise powers Sun TV’s FY24 revenue growth amid challenges in TV business
Sun TV Network’s revenue for the fiscal year 2023-24 experienced a significant boost, largely driven by its Indian Premier League (IPL) franchise, Sunrisers Hyderabad, and its SA20 franchise, Sunrisers Eastern Cape. The company’s revenue from cricket franchises surged by 138%…
Vodafone Idea revenue market share hits all-time low in Q1 FY25
Vodafone Idea’s revenue market share (RMS) has plunged to an all-time low of 15% in the fiscal first quarter following market share losses in as many as 16 out of the 22 circles, latest telco financial data collated by the…
Shedding light on dark stores
The concept of dark stores is gaining traction in the Indian online shopping landscape, as major online platforms seek to expand consumer reach. This has resulted in an increase in rental rates across major cities. Dark stores, located in city…
DGCA issues simplified norms for non-scheduled operators; seeks to reduce compliance burden
Aviation watchdog DGCA has come out with new regulations to simplify the airworthiness requirements for light aircraft and non-scheduled plane operators as part of efforts to reduce compliance burden. The new regulations will come into effect from January 1, 2025,…
Companies, banks struggle to implement Trai’s URL whitelisting norms
MUMBAI: Large enterprises and banks are finding it challenging to register unique, dynamic weblinks and shortened URLs-under the telecom regulator’s mandate-which are generated in real-time and cannot be pre-registered on the SMS filtering platform deployed by telecom companies. Shortened URLs…
Landmark Group to invest Rs 4,200 crore in two years in real estate projects
Gurugram-based real estate developer Landmark group will invest Rs 4200 crore in developing projects in the luxury segment, retail, and commercial. The company’s upcoming projects are located in the thriving micro-markets of Gurugram like Dwarka Expressway and New Gurgaon. One…
ET WLF 2024: Rich history, culture can help India win spot among top 10 tourist destinations
India is such a vast repository of history, culture and heritage that it can easily become one of the top 10 destinations for tourism in the world, said industry executive at a panel discussion on “Beyond Borders: Boosting India’s Tourism…
India’s railway surge in Modi’s 10 years, adding 14.5 kms of tracks every day: Ashwini Vaishnaw at ETWLF 2024 – The Economic Times Video
ET World Leaders Forum: India is comfortably placed in 6-8 per cent growth band, Union Minister Ashwini Vaishnaw said during his address at the ET World Leaders Forum event held in Delhi on August 31.There are four pillars of growth,…
Electronics parts set to plug into Make-in-India play: Union Electronics and IT minister Ashwini Vaishnaw
The government will launch a new scheme to help set up a sustainable electronics component ecosystem in India, union minister for electronics & information technology Ashwini Vaishnaw said. Vaishnaw, who is also the minister for railways and information & broadcasting,…
Tourism’s contribution to economy will exceed global average in next 5 years: Gajendra Singh Shekhawat at ET WLF
The contribution of tourism to India’s economy will increase from 7.9% to 10% as the country stands at the cusp of endless possibilities, said tourism minister Gajendra Singh Shekhawat at The Economic Times World Leaders Forum on Saturday. “In the…
Finance Ministry adds four new navratnas
Finance minister Nirmala Sitharaman has granted the navratna status to four more state-owned public enterprises – Satluj Jal Vidyut Nigam Ltd, Solar Energy Corporation of India Ltd, Railtel Corporation of India Ltd and National Hydroelectric Power Corporation Ltd. The number…
BPCL to invest Rs 75,000 crore in expanding refining capacity
State-run Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 75,000 crore to expand refining and petrochemicals capacity over the next five years, company chairman G Krishnakumar told shareholders at the company’s annual general meeting on Friday. “We aspire to become…
Studying Abroad? Insurers go the extra mile to cover risks
Insurers are tweaking and diversifying their products to meet the requirements of Indians pursuing studies abroad, whose number is growing every passing year. According to a ministry of external affairs estimate, 1.33 million Indian students are pursuing higher studies overseas…
RIL AGM 2024: 'Beginning of a new era' as Mukesh Ambani welcomes Disney post CCI approval
RIL AGM 2024: 'Beginning of a new era' as Mukesh Ambani welcomes Disney post CCI approval
SBI should become the best banker to Indians: New chief Challa Sreenivasulu Setty
Mumbai: State Bank of India chairman Challa Sreenivasulu Setty, who took charge on Wednesday, has urged the bank’s employees to strive to grow it into the most valued financial institution in the country. “We have to strive to become the…
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say….
Motilal Oswal PE buys 25% stake in Lal Sweets
Mumbai: Mo Alternate Investment Advisors (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, is investing Rs 330 crore to acquire a 25% stake in Lal Sweets, a Bengaluru-based maker of packaged sweets and other food items. The…