ramdev news: Interim stay on order suspending manufacture of 14 Patanjali drugs: Official
An interim stay was put on Friday on the implementation of an order suspending manufacturing licences of more than a dozen medicines of Patanjali Ayurved Ltd and Divya Pharmacy. The interim stay is being imposed with immediate effect on the…
Viacom18 Star India merger: NCLT sets the ball rolling on merger of Reliance’s arm Viacom18 and Star India
The Mumbai bench of the National Company Law Tribunal has admitted the merger scheme between Reliance Industries Ltd’s Viacom18, its wholly-owned subsidiary Digital18 and Walt Disney’s Star India, marking the first step towards completion of the mega-merger deal. In an…
Punjab National Bank: PNB official allegedly embezzles nearly Rs 5 Crore from Bhopal-based infrastructure company: CBI FIR
The Central Bureau of Investigation (CBI) has filed a case against a Punjab National Bank (PNB) official for allegedly embezzling Rs 4.98 crore from the account of a Bhopal-based infrastructure construction company. The incident reportedly occurred at PNB’s Delhi Road…
Anita Goyal of Jet Airways passes away
Anita Goyal, wife of Jet Airways founder Naresh Goyal, passed away on Thursday morning after battling cancer, a source close to the family said. She was intricately connected with operations of the carrier and was executive vice president. From 2015,…
IndiaFirst Life Insurance: IndiaFirst Life Insurance appoints Rushabh Gandhi as MD & CEO
The board of IndiaFirst Life Insurance has approved the elevation of Rushabh Gandhi, deputy chief executive officer, as MD and CEO. Gandhi will have a five-year term effective July 1 or the date of receipt of regulatory approvals, whichever is…
Share of quick commerce in online FMCG sales rockets to 35% in FY24
Kolkata: Big consumer goods companies such as Hindustan Unilever (HUL), Dabur, Adani Wilmar and Parle Products have said the contribution of quick commerce to overall ecommerce sales rose as high as 35% in FY24, almost doubling in a year. Quick…
Manipal Hospitals announces brand integration of AMRI units; plans to start liver transplantation
The Manipal Hospitals, which announced the official brand integration of all three AMRI units in Kolkata, is planning to soon start liver transplantation here, an official said. The Manipal Hospitals, which has invested a total of Rs 2,200 crore in…
‘People think what is special in bullet train…’: Jaishankar opens up on ‘benefits’ of project
Elaborating upon the multiple benefits that will accrue from a bullet train, External Affairs Minister S Jaishankar said that it will help in decongestion and fasten the pace of urbanization. He was speaking at an event titled ‘India’s Vishwabandhu Approach…
Piramal Group arm invests Rs 600 cr in microlender Annapurna Fin
Mumbai: Piramal Alternatives on Monday announced a Rs 600 crore investment for an undisclosed stake in microfinance company Annapurna Finance. The investment includes a secondary stake buy from an existing shareholder and also providing it with the non-core tier-II capital,…
MDH: Before global scrutiny, Indian spice maker MDH faced many US rejections
Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its U.S. shipments rejected due to the presence of bacteria, a Reuters analysis of U.S. regulatory data found. Hong…
M3M to lease 1.5 million sq ft of commercial space in 2024-25
Realty developer M3M is in talks to lease about 1.5 million square feet of commercial space in 2024-25. The influx of global companies into India and growing domestic demand are expected to boost rental yields further. Company’s one-million square feet,…
Hindujas get Irdai nod for buying Reliance Capital business; conditions apply
The insurance regulator approved the Hinduja Group’s acquisition of Reliance Capital’s life, general and health insurance businesses on condition it will not pledge shares of the companies, said people with knowledge of the matter. The Hinduja Group is yet to…
iOS 18: Your iPhone may soon have ChatGPT
Apple Inc. is nearing a deal with OpenAI to integrate the startup’s technology into the iPhone, as part of a broader initiative to enhance its devices with artificial intelligence capabilities. Discussions have intensified regarding incorporating ChatGPT features into iOS 18,…
cricketers in ads: Pad up, there’s a brand new deal street in town
At least half a dozen endorsement, investment and collaboration deals have been signed by various cricketers amid rising viewership numbers for the ongoing Indian Premier League (IPL) over the last two-three weeks, executives said. A similar number of pacts are…
Maruti Suzuki Swift 2024: New engine, six airbags enough to woo India’s SUV lovers? – The Economic Times Video
Six airbags, a host of safety features and a brand new Z series engine that promises 24KMPL mileage are among a series of offerings that Maruti Suzuki is promising in the brand new Swift, to woo India’s SUV lovers. Will…
rooftop solar systems: India’s solar power subsidies for homes face scepticism
Lakshmi Narayan was one of the first to see the light: in 2020 the engineer put solar panels on his roof in India’s Bhopal city, becoming a clean energy pioneer because of his desire to help his country move away…
Railway minister contradicts Kerala Cong’s claim, says Vande Bharat’s occupancy is 98 per cent
Railway Minister Ashwini Vaishnaw on Thursday contradicted a claim made by the Kerala Congress that the occupancy of Vande Bharat trains is 50 per cent, and said it is 98 per cent. “It’s time to prick the bubble of Congress…
xiaomi case: Outcome of tax disputes holds key to Xiaomi’s ops
Xiaomi Technology India has said its ability to “continue as a going concern” is dependent on the outcome of multiple regulatory and tax disputes as well as additional funds from the Chinese parent. However, it doesn’t see a threat “for…
Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
New Delhi: Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India’s net-zero emission target by…
Medtech sector: ‘Govt and industry should work together to reduce import dependence in Medtech sector’
The government and the industry should work together to reduce the import dependence in the Medtech sector, said Arunish Chawla, secretary, Department of Pharmaceuticals at the Medtech Stackathon today. India’s MedTech industry is poised for an exponential growth, set to…
Indian Bank: Indian Bank aims to make over Rs 1 lakh crore digital transactions: MD & CEO Shanti Lal Jain
Public sector Indian Bank has set a target to cross Rs 1 lakh crore business transactions through digital channels, a top official said on Tuesday. The city-headquartered bank had made Rs 81,000 crore transactions through digital medium last financial year,…
Microsoft data centre: Microsoft buys land in Hyderabad for Rs 267 cr to build data centre
Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore. The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared…
Arvind SmartSpaces sales: Arvind SmartSpaces reports highest-ever sales at Rs 1,107 crore in FY24
Realty developer Arvind SmartSpaces has reported its highest-ever sales at Rs 1,107 crore in 2023-24, up 38% from a year ago. The company’s annual collection also rose 46% to Rs 876 crore. The developer’s net profit for the year increased…
crude prices: Oil nudges higher after Saudi Arabia hikes prices
Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing…
REC: REC gets RBI nod to set up subsidiary in GIFT City
State-owned REC Ltd on Sunday said it has received RBI’s approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment,…
From powders to liquids: Competition heats up in liquid cleaners market in India
Kolkata|Mumbai: Powders and bars are passe – liquids are cleaning up the market. India is showing a distinct shift in consumption habits, with liquid products in soaps, detergents and dish cleaners being adopted readily, executives at top companies said. Aided…
Bangalore Watch Company tests its apogee wrist watch in Space, prototype travels 35 km into Earth’s atmosphere
Bangalore Watch Company has announced it has successfully tested an Apogee wristwatch in Space in pursuit of what it called producing world-class watches that tell stories from modern India. The prototype watch completed a Stratospheric flight by travelling 114,000 feet…
Paramount: Paramount will let exclusive talks with Skydance lapse
Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival bid for the home of “Mission: Impossible” and “SpongeBob SquarePants”. Shares of Paramount rose…
Service charge by restaurants, hotels with GST a ‘double whammy’ for customers: Delhi High Court
The Delhi High Court on Friday said that the service charge levied by restaurants and hotels along with GST was a “double whammy” for customers and this collectively with the restaurant bills becomes “quite high” for them to pay. Questioning…
ADIA, KKR book a $1.5b space in Reliance Retail warehouse
Mumbai: Abu Dhabi Investment Authority (ADIA) and KKR have invested in Reliance Retail Ventures Ltd’s warehousing assets in a deal pegged at Rs 12,864 crore ($1.5 billion), said people aware of the development. This is outside of the infrastructure investment…
Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice
The National Green Tribunal has sought a response from the authorities, including the administrative head of NTPC’s North Karanpura superthermal power plant in Jharkhand’s Chatra district, regarding the massive fire that engulfed a unit last month. The National Green Tribunal…
Airtel: CCI approves Airtel’s buyout of Warburg Pincus affiliate’s stake in DTH arm
Mumbai: The Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity firm Warburg Pincus, people with knowledge of the…
Covishield row: AstraZeneca reaffirms vaccine safety amidst rare ‘side effect’ concerns – The Economic Times Video
In light of recent concerns surrounding potential rare side effects of the AstraZeneca-Oxford COVID-19 vaccine, the pharmaceutical giant has reiterated its commitment to patient safety while emphasising the vaccine’s overall safety profile. This comes in the wake of a recent…
commercial LPG price: Prices of commercial LPG cylinders slashed by Rs 19
Oil marketing companies on Wednesday revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders was slashed by Rs 19 with immediate effect. Delhi retail sales price of 19kg commercial LPG cylinder, after…
Prime Video launches MGM+ on its OTT aggregation service
Amazon-owned video streaming platform Prime Video has launched MGM+ on its OTT aggregation service Prime Video Channels, which offers over 20 video entertainment apps.Prime members can purchase an annual add-on subscription to MGM+ at a special price of Rs 599…
heatwave conditions: Summer product sales surge 40-50% in April as appliance makers worry about shortages
It’s been a sizzling April for summer products such as air-conditioners, refrigerators, air-coolers, soft drinks and ice-creams, with sales surging 40-50%. And with demand only set to rise, there are some concerns among appliance manufacturers about meeting requirements, though the…
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
In a big relief for Tesla, its vehicles passed the key test of compliance with China’s data security rules as its billionaire CEO Elon Musk who air dashed to Beijing on Sunday met Premier Li Qiang to press for all…
Kunnen zonnepanelen in stedelijke gebieden worden geïnstalleerd?
Kunnen zonnepanelen in stedelijke Zonnepanelen zijn een populaire methode om hernieuwbare energie te produceren, en het is geen verrassing waarom steden deze hebben overgenomen. Ze kunnen het energieverbruik helpen verminderen, de uitstoot terugdringen en zelfs een bron van inkomsten vormen….
HUL: Hindustan Unilever set to focus on bigger brands to chase volumes
Hindustan Unilever managing director Rohit Jawa said he is neither satisfied with the company’s volume growth nor has the company lost its pricing power as the consumer bellwether shifts focus on investing disproportionately on bigger and more premium brands.“We don’t…
debt restructuring: ITPCL debt restructuring: NCLAT rejects SBI’s objection on liquidation value provided by PNB
Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle out” the debt restructuring process of the IL&FS group’s thermal power…
weight-loss drugs: Dr Reddy’s, Sun, Cipla and Biocon look to recreate Ozempic magic in India
Shivali Rajput, 43, excels in her job, earns well and overshoots her career targets year after year. But when it comes to managing her weight, Rajput’s efforts have come a cropper, year after year. She is 102 kg, about 25…
Cinnamon movie: Graphic India partners Neil Gaiman to produce animated film ‘Cinnamon’
Graphic India, the leader in original Indian-themed character entertainment, and Neil Gaiman are partnering on a new English-language animated film, ‘Cinnamon’.Gaiman is the NYT best-selling author and creator of films and series including, Coraline (Academy Award Nominee, Best Animated Feature),…
Public sector banks may get legal teeth on issuing lookout circulars
New Delhi: The government is likely to legally empower banks to issue lookout circulars (LOCs) to prevent loan defaulters from fleeing the country, people aware of the development told ET.This follows a decision by the Bombay High Court earlier this…
Food companies view India as the new Wild West
Many of us would have suspected that the processed foods that we consume in India are of questionable quality. But the evidence coming in over the last week has been quite overwhelming. Baby foods have sugar added to them, protein…
PE Advent International queues up for a stake in Apollo 24/7
Mumbai: US private equity fund Advent International is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals, said two people aware of the development. The buyer is likely to invest…
Vodafone Idea 2.0: Vi 2.0: Vodafone Idea’s Rs 18,000 crore fundraise a ‘fresh lease of life’, says Kumar Mangalam Birla
Kumar Mangalam Birla, Chairman of Aditya Birla Group, hailed the recent Rs 18,000 crore fundraise by Vodafone Idea as a significant development for the company, describing it as a “fresh lease of life.” This fundraise, achieved through a follow-on public…
cross-border payments: From Russian funds with love: Plan mooted to tap rupee balance in special accounts
Can Russian funds tap into the stranded rupee balance generated in the trade between the two countries? In the course of negotiations, some of the Russian financial institutions have sounded out the Reserve Bank of India (RBI) on a mechanism…
REC to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar
REC Limited, a Maharatna Central Public Sector Enterprise and an NBFC under the Ministry of Power has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which REC will provide CVPPL with the financial assistance of Rs…
Wyzr: RIL turns Wyzr, looks to reconnect via own brand
Reliance Industries Ltd (RIL) wants to disrupt the dominance of multinationals in the local consumer electronics and home appliances market with a new made-in-India brand Wyzr. The company is finalising production agreements with domestic contract manufacturers Dixon Technologies and Onida…
Puravankara set to redevelop 2.5-acre housing society in Mumbai’s Pali Hill
Real estate developer Puravankara is set to redevelop a housing society spread over 2.5 acres land parcel in the plush neighbourhood of Pali Hill in Mumbai’s Bandra west locality. The housing society counts several Bollywood celebrities as its residents.The project…
Some mobile users caught in recycled numbers game
One has just got a new mobile connection and suddenly calls from a bank recovery agent start pouring in. Or, one has been trying to link one’s new mobile number to the bank account or UPI but is not able…
Hyderabad sees 54% surge in high-value home registrations in March
Hyderabad residential market has seen a surge in high-value home registrations, with homes worth Rs 1,724 crore sold in March 2024, up 54% y-o-y. In March 2024, the sales registrations for properties priced at Rs 1 crore and above increased…
Rising mercury cranks up the heat in AC market
Kolkata: Sweltering heat in the south, east and west of the country has led to unprecedented demand for air-conditioners early in the season, taking the industry by surprise. Installations are taking up to two weeks in some areas and companies…
UGC: UGC announces that 4-year degree holders can now directly appear for NET and pursue PhD in any subject
UGC Chairman Jagadesh Kumar revealed that students with 4-year undergraduate degrees are now eligible to directly appear for the National Eligibility Test (NET). This move aims to streamline the process for students interested in pursuing higher education. The statement from…
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of…
Beechcraft King Air: Noida airport achieves big milestone, conducts ‘first flight’ test. Watch flight video
In a landmark move, the Noida International Airport conducted its first Doppler Very High Frequency Omni Range (DVOR) calibration flight to test navigation systems of the Noida airport. “A bright and sunny day at #NIAirport set the perfect stage for…
Tesla recalling more than 3,000 of its 2024 Cybertrucks due to faulty pedal
Tesla is recalling more than 3,000 of its newly launched 2024 Cybertrucks because of the possibility that a pedal can get stuck and cause the vehicle to accelerate unintentionally, increasing the risk of a crash. Tesla said that the accelerator…
ABFRL to raise Rs 2500 crore after dermerging Madura business into new separate listed entity Aditya Birla Lifestyle Brands
Aditya Birla Fashion and Retail Ltd (ABFRL) said it will raise Rs 2500 crore within a year of splitting its retail business and carving out Madura Fashion division into a new separate listed entity, Aditya Birla Lifestyle Brands Ltd (ABLBL).The…
EVs a luxury the Indian rich can’t get enough of
Sales of electric cars in the luxury segment, those priced at `50 lakh and above, have grown three-fold in the past year, prompting carmakers to line up more than half a dozen launches in the segment to cater to India’s…
UK’s Vodafone offers ‘no comment’ on Voda Idea backing
UK’s Vodafone Group Plc gave a “no comment” when asked about its possible change of stance towards the India business with Vodafone Idea (Vi) drawing strong investor interest in its ongoing follow-on share sale. But, Vi’s chief executive Akshaya Moondra…
FPO funds to take care of Vi’s capex needs for 3 years: Akshaya Moondra, CEO
The Vodafone Idea (Vi) follow-on public offer (FPO) has received strong support from anchor investors, signalling their confidence in the long-term business plans of the company, chief executive Akshaya Moondra told Himanshi Lohchab and Romit Guha. The balance sheet doesn’t…
nano urea plus: Govt notifies specifications of IFFCO’s Nano Urea Plus
The government has notified specifications of a new product ‘Nano Urea Plus’ fertiliser to be manufactured by cooperative IFFCO in the country in the next three years. Nano Urea Plus is a new version of nano urea meant for meeting…
Big grocers queue up to put 24Seven in bag
New Delhi: The KK Modi Group-backed Godfrey Phillips is in talks with Tata Trent, Reliance Retail and Avenue Supermarts to sell retail grocery chain 24Seven, said executives aware of the development. Godfrey Phillips India had said in an exchange filing…
Delius Pharma registers 35% growth in sales, plans IPO in next 3 years
Delius Pharmaceuticals has said that it has registered a 35 percent increase in sales and turnover in FY 23-24. The API division has also registered a remarkable growth of 60 percent, the company said. “This success isn’t just about financial…
standard chartered: Realty co Baashyaam in talks with Standard Chartered Bank to buy Chennai land for ₹800 cr
Property developer Baashyaam Constructions is in talks with Standard Chartered Bank to buy a 4.6-acre plot in Chennai in a deal estimated at about ₹800 crore. “The land originally belonged to ANZ Grindlays Bank and was part of the takeover…
Royal Phillips to expand its Healthcare Innovation Centre in Pune
Dutch health tech company Royal Philips on Monday said it has begun work on a new research and development (R&D) as part of the expansion of its Healthcare Innovation Centre (HIC) in Pune, Maharashtra. Situated in a 10-acre plot in…
ET exclusive: Tata Electronics seals semicon deal with Tesla
Mumbai: Tesla is understood to have signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, officials close to the development told ET, underscoring the electric carmaker’s increasing interest in India beyond local revenue generation….
Alarming that passengers paying for comfort are enduring such hardships: Man narrates sister’s experience in 3 AC train
Cricitising Indian Railways for the dire situation of the 3 AC, social media platform X user, Rachit Jain, shared his sister’s distressing encounter while travelling in the AC coach. He described how the overcrowding near the gates made it impossible…
IPL firms up Telcos’ data cover drive…Who’ll score more?
Telecom companies are likely to see 8-10% rise in data traffic consumption as cricket fans glue eyeballs to the Indian Premier League (IPL) being streamed for free. Meanwhile, SMS/voice call activity may also record a 15-20% growth this April-June quarter…
Bournvita: Centre directs e-commerce platforms to remove Bournvita from ‘health drinks’ category
The Ministry of Commerce and Industry has issued an advisory to e-commerce companies, instructing them to remove all drinks and beverages including Bournvita from the category of ‘health drinks’, on their portal and platforms. “National Commission for Protection of Child…
Elon Musk: Stars may have finally aligned for Elon Musk-owned satcom company in India
The government is said to be fast-tracking the application of Elon Musk-owned Starlink for a satcom licence, despite pending issues such as its ties with US security agencies. The Elon Musk-owned company may be given “conditional approval”, based on an…
DLF to invest Rs 2,200 cr to build shopping mall in Gurugram
Realty major DLF has started construction of its new 26-27 lakh square feet shopping mall in Gurugram at a cost of around Rs 2,200 crore as part of its expansion plan amid rebound in retail consumption post-COVID pandemic. At present,…
painkiller: IPC issues alert on painkiller drug nimesulide over adverse reaction
New Delhi: Next time you pop a nimesulide, a commonly used painkiller, be watchful. Pharma standards body Indian Pharmacopoeia Commission (IPC) has issued a drug safety alert over nimesulide, saying the pill can trigger rashes on the skin (fixed drug…
L&T Infra Development: Edelweiss Alt completes acquisition of L&T Infra Development Projs for Rs 6,000 cr
Edelweiss Alternatives on Thursday announced that it has completed the Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), which owns various road assets and power transmission lines. The deal to buy LTIPDL, a joint venture where infra…
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
MUMBAI: Private equity group Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people aware of the matter….
Vistara’s troubles could be a precursor to larger imminent problems in integration with Air India: Industry experts
Vistara’s current operational mess could be a precursor to larger imminent problems in its integration with the Tata Group-owned Air India, fear industry experts. The aviation-to-automobile conglomerate would do well to learn lessons from successful and problematic airline mergers across…
RIL to lead massive Rs 1 lakh crore investment in green hydrogen, ammonia units at Kandla
Mumbai: Reliance Industries Ltd (RIL) and Larsen and Toubro (L&T) as well as energy companies Greenko Group and Welspun New Energy will be setting up green hydrogen and green ammonia units at Gujarat’s Deendayal Port Authority (DPA) in Kandla, said…
India, EU launch initiative for EV start-ups
The European Union (EU) and India on Tuesday launched an Expression of Interest for start-ups working in the area of Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event. The matchmaking aims to enhance the cooperation between European…
Tata Group in talks to acquire majority stake in Pegatron’s Chennai iPhone factory
New Delhi: Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET. “The deal is expected to be completed in the…
Vehicle registrations rise by a modest 3% in March
Vehicle registrations – a proxy for retail sales – went up by a modest 3% last month to 2.13 million units due to subdued demand during the inauspicious period of holastak ahead of Holi, as per data collated by industry…
icici bank and tata steel: ICICI Bank provides Rs 2,675-crore debt facility to Tata Steel for three years
Mumbai: ICICI Bank has provided a ₹2,675 crore debt facility to Tata Steel for a term of three years to repay its existing debt, said people aware of the development. Tata Steel has raised ₹2,700 crore through unsecured fixed-rate bonds…
cbre: Coworking firms take on lease 31 lakh sq ft office space in Jan-Mar, up 7pc annually: CBRE
New Delhi: Leasing of office space by co-working centre operators grew 7 per cent to 31 lakh square feet during the January-March period across nine major cities amid rising demand for flexible workspaces from corporates, according to CBRE. Co-working firms…
AT Railways enters in JV with South Korea’s Yujin
AT Railway Sub Systems Pvt Ltd, a wholly owned subsidiary of Amber’s subsidiary Sidwal Refrigeration, has entered a joint venture with South Korea’s Yujin Machinery Ltd and two financial partners, Singapore’s Sinkodia Pte. Ltd and Hong Kong’s Dujin International. This…
metro: Over 60 metro stations co-branded with reputed companies, 150 still available: Officials
The Delhi Metro Rail Corporation Saturday said more than 60 stations on its network have been co-branded with reputed corporates, Public Sector Undertakings and media companies, among others, to offer them publicity opportunity while earning revenue for DMRC. The stations…
Indiabulls Real Estate raises Rs 3,911 crore through preferential allotment
Realty developer Indiabulls Real Estate has secured over Rs 3,911 crore through a preferential allotment from a diverse group of investors, including Embassy Group, Baillie Gifford & Co, Blackstone Real Estate Fund, Quant Active Fund, Poonawalla Finance, Micro Labs, Maybank,…
Puravankara share price: Puravankara records highest-ever annual sales value, customer collection in FY24
Puravankara, a Bengaluru based real estate developer has recorded highest-ever annual sales value and customer collection for the financial year FY24. The firm recorded sales of Rs 5,914 crores in FY24, an increase of 90 per cent compared to while…
Ferns Estates: Ferns Estates buys luxe hotel in Goa for Rs 175 cr
Bengaluru-based hospitality firm Ferns Estates has acquired a 75-keys luxury hotel in the tourism hub of Goa from a local developer for ₹175 crore. The deal includes an adjacent 2-acre plot to develop additional 75 keys suites. “The company has…
Maggi India government case: Relief for Nestle as NCDRC dismisses govt’s 2015 plea against sale of Maggi noodles
The National Consumer Dispute Redressal Commission has dismissed the Central government’s plea against Nestle India alleging indulgence in ‘unfair trade practice’ by selling Maggi noodles, the company said on Thursday. The Department of Consumer Affairs had filed the complaint in…
PFC pays Rs 2,033 crore interim dividend to Govt for FY24
New Delhi: State-owned PFC on Wednesday said it has paid a total dividend of ₹2,033 crore to the government for the financial year 2023-24. The company has paid the dividend in three instalments of Rs 554 crore, Rs 832 crore…
India to build first commercial crude oil strategic storage
India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption. Indian Strategic Petroleum Reserves Ltd (ISPRL), a…
FMCG sector: Rural demand growth for daily essentials outstrips urban sales
Mumbai|Kolkata: Growth in sales of fast-moving consumer goods (FMCG) in villages outpaced that in cities for the first time in nearly three years, an early indication of demand recovery, helped by a lower base and price cuts to offset hyperlocal…
Shree Cement inaugurates three MTPA plant in Andhra Pradesh
Shree Cement Ltd on Tuesday said it inaugurated its Rs 2500 crore new integrated plant at Dachepalli village in Guntur, Andhra Pradesh, six months ahead of schedule. A press release from the cement maker said the new plant which has…
Sanofi plans to launch 1 or 2 products in India every year
Mumbai: Sanofi is committed to the Indian market and plans to launch 1 or 2 products every year from its innovation portfolio in the country, said a top executive of the French drugmaker. The company is in the process of…
Pocket FM news: Pocket FM completes its first ESOP-buyback
Audio series platform Pocket FM today announced that it has completed its first ESOP buyback worth $8.3 million. Many former and existing employees, holding vested stocks in the company, participated in this process. Speaking on the maiden ESOP buyback, Pocket…
India reaches out to critical mineral producers for processing technology
NEW DELHI: India has reached out to key critical mineral producers to bring in processing technology into the country, officials said. The move comes close on the back of the government rolling out auctions of critical mineral mines. “Talks are…
NTPC permanently closed 220 MW Barauni Stage-I project
State-owned power giant NTPC has closed down its Barauni Thermal Power Station Stage-I of 220 MW permanently. NTPC is India’s largest power utility with a total installed capacity of 75,418 MW (including JVs), according to its official website. “Operation of…
cyber security: Enabled by AI, phishing becomes quite simple
Nitin’s attempts to schedule an appointment with a doctor he had found online had proved fruitless. He had almost given up on the phone numbers that had popped up in the online search, when he received a call. The person…
JSW Steel commissions hot strip mill with 5 million tonnes capacity at Karnataka plant
JSW Steel on Saturday announced commissioning of a hot strip mill at its integrated steel plant in Vijayanagar, Karnataka. The company has also made first dispatch of steel products from the mill having an annual capacity of 5 million tonnes…
Discovery Communications FY23 profit flat at Rs 68 crore
Discovery Communications India (DCI) reported a net profit of Rs 68 crore for 2022-23, up 1.49% from Rs 67 crore in the previous financial year. The company, which operates 18 TV channels and the Discovery+ streaming platform, reported a 9.59%…
A century of colours: Berger Paints celebrates an era of success and innovation
Berger Paints has leveraged the spirit of innovation to bring in a century of success with its suite of products. From colouring the landscapes of people’s lives to transforming the way they interact and experience living spaces, the brand has…
IPL opening day viewership on strong wicket, hits record
MUMBAI: The Indian Premier League (IPL) has smashed TV and streaming records, with both Star Sports and JioCinema recording strong viewership growth on the opening day. Chennai Super Kings trounced Royal Challengers Bangalore by six wickets on the opening day…
Luminous Power Technologies inaugurates solar panel manufacturing factory in Uttarakhand
Energy solutions provider Luminous Power Technologies on Thursday announced the inauguration of its solar panel manufacturing factory at Rudrapur in Uttarakhand. Equipped with the latest advancements in solar panel manufacturing, the facility boasts of cutting-edge technology and infrastructure designed to…
Indian car exports: Car shipments shifting back to pre-Covid gear; Maruti, Hyundai at the top
Made-in-India car exports are set to touch pre-Covid levels, despite global uncertainty, amid an increase in demand for models such as the Hyundai Creta, Maruti Suzuki Grand Vitara, Kia Seltos and Mahindra XUV700 from customers in Australia, Latin America and…
World Trade Centre: NBCC sold 480,000 sq ft for Rs 1905 crore in World Trade Centre
NBCC has sold about 480,000 square feet of commercial space for approximately Rs 1905 crore in the World Trade Centre project at Nauroji Nagar. Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited and Solar Energy Corporation…
Hear out, show proof to borrowers suspected of ‘wilful default’: Bombay HC
A Bombay High Court ruling directing commercial banks to produce evidence to defaulting customers before invoking the master circular on wilful default will bring respite to small borrowers arm-twisted into settling loans, but it may also encourage large borrowers to…
Zee Share price: Zee Entertainment forms committee to review business performance
India’s Zee Entertainment Enterprises has formed a committee that reviewed its management’s business performance and provided guidance, the beleaguered broadcaster said on Tuesday. Businesses identified by the committee that need to “substantially” reduce losses include Zee’s television channel ‘Zindagi’, the…
Zenden infraroodpanelen elektromagnetische straling uit?
elektromagnetische straling uit Infraroodverwarming (IR) werkt volgens het principe van het overbrengen van warmte van een paneel naar objecten en oppervlakken binnen de gezichtslijn. Dit betekent dat er geen warmte in de lucht wordt verspild, zoals bij convectieverwarming, en dat…
Wait for M2M critical services definition likely to get longer
There will likely be a further delay in defining critical services for machine-to-machine (M2M) communications as the Department of Telecommunications (DoT) has sought more suggestions from the telecom regulator on critical services and their regulatory requirements. “We will conduct a…
EU countries split over nature law in latest blow to green agenda
The European Union’s flagship policy to restore damaged nature is hanging in the balance, with a vote to pass the law on Monday cancelled after Hungary withdrew its support for the bill. A vote on the law among EU countries’…
Six ARCs acquire 55% of KSK Mahanadi Power’s Rs 29,330-crore debt
Six asset reconstruction companies, including Aditya Birla and Kotak Mahindra-backed ARCs, have accumulated 55% of KSK Mahanadi Power’s ₹29,330-crore debt from lenders in separate transactions, shows disclosure made by the stressed thermal power company’s resolution professional. The ARCs brought over…
housing.com acquistions: Housing.com not actively seeking acquisition, open for interesting opportunities: CEO Dhruv Agarwala
Proptech firm REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate “interesting” opportunities that complement the business or help in securing new technologies, its CEO Dhruv…
Telecom firms struggle to monetise amid incomplete 5G rollout
Telecom companies, which haven’t been able to offer a full 5G experience to customers, are failing to monetise it. Curiously, this seems to be the fate of the odd ones—1G, 3G and 5G. India recently became the fastest 5G rollout…
From Veer Savarkar to Arthur: Movies to watch this weekend
Movie enthusiasts can witness an enticing array of films this week. From historical narratives to side-splitting comedies and spine-chilling horrors, there’s something for everyone to indulge in. Let’s take a closer look at the captivating lineup awaiting audiences: Swatantrya Veer…
IRDAI announces norms to boost governance
The Insurance Regulatory & Development Authority of India (IRDAI) has announced a set of new regulations to enhance the regulatory framework for the insurance industry. In its meeting held on March 19, IRDAI approved eight principle-based consolidated regulations. These regulations…
Bajaj Auto: Bajaj Auto working on CNG bike, to hit road in June
Bajaj Auto is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Bajaj Auto Managing Director Rajiv Bajaj said here on Friday. The bike will run on CNG and would…
JSW Energy offers ₹130-135 cr for wind projects of Reliance Power
MUMBAI: Sajjan Jindal-promoted JSW Energy has given a binding offer to Anil Ambani led Reliance Power to acquire its wind power projects for a cash consideration of ₹130-135 crore, said people with knowledge of the matter. “Both the companies are…
Torrent Power: PFC Consulting transfers Solapur Transmission project to Torrent Power
Bharat Petroleum Corporation. Share Price 587.80 03:31 PM | 21 Mar 2024 21.15(3.74%) NTPC. Share Price 325.00 03:31 PM | 21 Mar 2024 11.36(3.62%) Power Grid Corporation of India. Share Price 273.75 03:31 PM | 21 Mar 2024 9.11(3.44%) Tata…
tennessee whiskey: Jack Daniel’s maker names Gaurav Sabharwal as MD for India, South Asia
NEW DELHI: Brown-Forman Corporation, maker of Jack Daniel’s Tennessee whiskey, has named Gaurav Sabharwal as its new managing director for India and South Asia. Based out of Gurgaon, Sabharwal will report to Eveline Albarracin, vice-president and managing director of Brown-Forman…
Zomato unveils’ Pure Veg Mode’; rolls back green uniform amid online backlash – The Economic Times Video
Zomato unveils’ Pure Veg Mode’; rolls back green uniform amid online backlash – The Economic Times Video | ET Now ET Online | Updated: 20 Mar 2024, 03:38 PM IST Zomato introduced a new service called ‘Pure Veg Mode’ alongside…
Shapoorji arm to raise Rs 700 cr through data centre stake sale
MUMBAI: Sterling and Wilson, an engineering, procurement and construction company of the Shapoorji Pallonji Group, will raise ₹700 crore from a group of strategic investors through a stake sale in its data centre business, senior company officials said. “The modalities…
solar pv: Avaada Inclean inks pact with DVC to supply electricity in Gujarat
New Delhi: Avaada Energy arm Avaada Inclean has inked a pact with state-owned Damodar Valley Corporation to supply electricity in Gujarat. The company is planning to set up a 421 MWp capacity solar PV power project in Gujarat, the company…
Chinese handset companies in a fix over leadership hiring in India
New Delhi:Top Chinese handset brands operating in India are facing a tough balancing act amid continued geopolitical tensions between New Delhi and Beijing. While the Indian government is nudging these brands to add local executives in top decision-making leadership roles,…
Jammu Kashmir EVs: NexGen Energia to invest Rs 1,000 cr for setting up EV manufacturing unit in J&K
Sustainable energy solutions firm NexGen Energia on Monday said it will invest Rs 1,000 crore in setting up a manufacturing unit for electric vehicles (EVs) in Jammu and Kashmir. The Noida-based company said it is currently in talks with the…
film industry: Not theatrics, meaningful content to drive fortunes of film industry
In the years since the Covid-19 pandemic shifting audience tastes have given rise to two divergent trends in India’s exhibition industry. According to the latest Ficci-EY media and entertainment report, footfalls in theatres (single screens and multiplexes) have fallen by…
Decathlon to accelerate investments in India on production, retail expansion: Global CEO
French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its “most important” global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its…
Fali Vakeel: Ad veteran Fali Vakeel passes away
Advertising industry veteran and former vice chairman of Lowe Lintas Fali Vakeel passed away on Saturday morning. He was 71. Vakeel’s career spanned several decades during which he played a pivotal role in shaping the landscape of the Indian advertising…
Helping Indian electric mobility dreams come true
Many investors have dubbed the next 10 years as ‘India’s decade’. The country’s projected GDP in 2024 is 7 per centi, with rising disposable income of 15%ii, and a 1.43 billion population according to UN estimates, India may offer enviable…
Tesla at the gates, India rolls out red carpet for global EV makers
India on Friday announced concessional tariffs for global electric vehicle (EV) makers such as Tesla, including a drastic cut in customs duty, as an incentive to set up manufacturing facilities in the country. The contours of the Scheme to Promote…
Indian Railways poised for performance in freight business, revenue, track laying in FY 2023-24
New Delhi: Indian Railways is set to achieve unprecedented milestones in its operational performance, marking a historic year for the nation’s lifeline in terms of freight loading, total revenue, and track laying during the financial year 2023-24. According to Ministry…
Localisation, warranty norms stricter in Electric Mobility Promotion Scheme
NEW DELHI: Electric vehicle (EV) makers will need to ensure a high degree of localisation for the models subsidised under the Electric Mobility Promotion Scheme (EMPS). They also need to provide a three-year or 20,000-km comprehensive warranty to two-wheeler buyers…
IIT Madras partners with VyVoxel to offer AR/VR programming course
IIT Madras Pravartak Technologies Foundation announced on Thursday that it is partnering with VyVoxel, an international AR/VR/MR company, to offer a course on augmented reality/virtual reality (AR/VR) programming. The course, designed to bridge the need for qualified professionals in this…
Realty fund flows into small town India boom
India’s tier-II and -III cities saw a more than doubling of capital flows in 2023 as developers flocked to smaller cities for land acquisitions amid robust real estate demand across the country. Capital flows hit a record $1.3 billion, compared…
Former Marriott executive, Gaurav Singh, appointed as the President of Table Space
Table Space, leading managed office provider has appointed Gaurav Singh, a hospitality industry veteran, as president, strengthening its leadership team. In his new role, he will fortify Table Space’s organizational framework, nurture strategic partnerships, and capitalize on emerging opportunities to…
E-Car sales fall to 5-month low in February despite steep price cuts
Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs…
Maruti Suzuki’s in-plant railway siding, India’s first such project, inaugurated by PM Modi in Gujarat
India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Modi inaugurated it virtually from a function in Ahmedabad. Modi also…
Spectrum auction may see muted demand
Airtel and Vi are likely to focus on specific bands in markets where they face spectrum renewals. Some analysts, though, say Airtel and Jio could spend some extra cash to boost sub-GHz spectrum holdings.
Maharashtra RERA cancels registration of 13,785 real estate agents
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled registration of 13,785 real estate agents as they failed to renew their license received back in 2017. These agents are required to complete the prescribed training and obtain certification if they…
Healthium: KKR, Carlyle and EQT among five buyout funds in race for Healthium
Some of the biggest buyout funds KKR, Carlyle, EQT, Hillhouse and TA Associates are competing against each other to buy out Healthium Medtech, the largest homegrown surgical sutures manufacturer, also the largest manufacturer of surgical needles globally by volume, in…
ONGC’s first oil from 98/2 block goes to MRPL
New Delhi, First oil from state-owned Oil and Natural Gas Corporation’s (ONGC) just-started KG deepsea oilfield has gone to its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) for processing into fuels like petrol and diesel, the two firms said. ONGC…
tourism departments: Offbeat Bucket List: Tourism departments promote unique travel experiences across India
Fancy trying something different on your next holiday? How about skydiving in Madhya Pradesh, exploring a “seabeach” in Rajasthan or going on a temple trail in Goa? You could even board a special tourist train to cover lesser-known spots in…
Office space demand likely at 50-55 mn sq ft this year across top 6 cities: Report
Office space demand in India’s six major cities will remain healthy this year as domestic and foreign firms are expected to lease 50-55 million square feet area to expand their businesses, according to a FICCI-Colliers report. Gross leasing of office…
Celebrities not solely accountable for misleading ads: Parineeti Chopra
Celebrities endorsing products or services need to do their due diligence and educate themselves “to the best of their ability but can’t be held solely accountable if, in rare cases, claims go wrong,” said actor Parineeti Chopra. The Golmaal Again…
Volvo brings XC40 Recharge single motor variant to India at Rs 54.95 lakh
Volvo Car India has introduced the XC40 Recharge single motor variant, priced at INR 54.95 lakh (ex-showroom). The bookings for this electric vehicle can be made exclusively online through the Volvo Car India website. The XC40 Recharge single motor is…
womens day: Women intensify their reliance on loans: Report
Women have borrowed at a faster pace than the overall industry rate on 2023 with the number of women borrowers rising at a faster pace than their male counterparts, a report by credit bureau CRIF Highmark said. The portfolio outstanding…
car infotainment: Planning to install a new touchscreen infotainment in your car? It could prove dangerous. Here’s why
Touchscreen infotainment systems have become a staple feature in modern car interiors, boasting sleek designs and user-friendly interfaces. However, their convenience also brings forth a growing worry regarding their impact on driver attention. According to a report by ARSTechnica, automotive…
NLC India: Govt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
The government will offload a 7% stake in state-run lignite producer NLC India through the offer-for-sale (OFS) route, which includes a green shoe option of 2%, a top official said on Wednesday. It would rake in about ₹2,058 crore even…
Noida airport ties up with TFS to set up ‘ world-class’ lounge, food outlets
The Noida International Airport on Wednesday announced a partnership with Travel Food Services Private Limited (TFS) for setting up a “world-class” lounge as well as multi-cuisine food and beverage outlets at the airport. The airport, located some 75 km off…
retail FDs: Banks turn to bulk deposits to meet credit demand on tepid retail FDs
Banks, struggling with slow growth in deposits, have tapped the bulk deposit market aggressively in the last few months, resulting in the outstanding certificates of deposit (CDs) in the banking system rising to a decadal high. Reserve Bank of India…
SpiceJet settles Rs 93 crore dispute with lessor
Ajay Singh owned said that SpiceJet on Tuesday said that it has settled Rs 93-crore dispute with one of its aircraft lessor Cross Ocean Partners. SpiceJet said that as part of the arrangement, the airline will also benefit from transfer…
Pure-play online D2C brands step up offline presence to push growth
“We continue to strengthen and expand omnichannel distribution with over 1.7 lakh retail touch points, increasing distribution by 37% year-on-year,” Ghazal Alagh, co-founder of Mamaearth, one of India’s most prominent direct-to-consumer (D2C) brands, wrote on social media platform X last…
Safari Industries: Lighthouse Funds invests Rs 229 crore in Safari Industries
Mid-market consumer and healthcare-focused fund Lighthouse Funds, has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIF. Safari marks the second investment by Lighthouse from its newly raised fourth private equity…
Saraswat bank NPAs: ARCIL buys Saraswat’s NPAs at 86% haircut
US-based Avenue Capital-backed Asset Reconstruction Company (India) (ARCIL) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) of Saraswat Bank with a haircut of nearly 86%. Saraswat Bank, one of the largest cooperative banks in the…
Godrej: Godrej & Boyce to increase focus on smaller cities, invest Rs 40 crore in 3 years on distribution
Mumbai: Godrej & Boyce is aiming to invest about Rs 40 crore over the next three years to expand its distribution footprint for its consumer brands in the tier-II and tier-III cities. The fresh investments by the company, which sells…
Wake up, poor sleepers: Uncovering the real causes behind insomnia and avoiding quick fixes
Earlier this week, many in the startup and tech ecosystem were shocked by Nithin Kamath’s revelation that he had a “mild stroke”. The Zerodha founder, one of the most impassioned advocates of fitness in the industry, cited “poor sleep” as…
BSEB: BSEB releases Class 12 Intermediate answer keys; Students can challenge till March 5
The Bihar School Examination Board (BSEB) has recently made public the official answer keys for the multiple-choice questions of the Class 12 intermediate exams. Students have until 5 pm on March 5 to challenge these answer keys. The answer keys…
Additional Rs 25K crore debt won’t cause much stress on Vodafone Idea: Company
KOLKATA: Vodafone Idea’s plans to raise an additional Rs 25,000 crore via the debt route won’t cause any financial stress as the telco has sharply cut bank exposure – by almost Rs 35,000 crore – in the past two-and-a-half years…
Rigid Flex PCBs for Automotive Applications
Rigid Flex PCBs As the automotive industry continues to innovate, electronic systems have become more complex. These advancements promote power management efficiency, smaller designs and unparalleled reliability. Rigid flex PCBs enable these high-performing features by providing the best of both…
tips: Warner Music, Tips extend strategic partnership
Mumbai-based Indian music label Tips Music has extended its strategic partnership with global record label Warner Music, granting access to their global catalogue, building on their three-year partnership. The expanded partnership will see Warner Music handle commercials and distribution for…
New coal transport plan to reduce congestion, costs
New Delhi: The government on Thursday announced a logistics plan aimed at transport of coal through network optimisation that focuses on enhancing first-mile connectivity and encouraging the rail-sea-rail route to bring down the congestion and cost of transport. The plan…
Long weekends in March: March: Here are three long upcoming weekends you can plan a mini escape
As we move into another month of this year, you may feel like its time to take a mini break. March offers a number of long weekends, perfect for these quick getaways. With about 12 long weekends on the horizon,…
From September to a Shaadi: How Disney found a new home for Mickey Mouse in India
Ever since he landed in Mumbai a week or so ago to help give the final touches to the Reliance-Star India mega merger that was announced on Wednesday, Justin Warbrooke had been struck by a sense of déjà vu. Many…
alexei navalny: New sanctions threaten Russian oil sales to India
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said….
Marriott lines up big plans for South Asia
Marriott International, the world’s largest hotel chain by number of rooms, on Tuesday reaffirmed its long-term commitment to South Asia by adding more than 4,600 rooms to the development pipeline following the signing of 28 hotel deals in 2023 and…
Realty developers acquired total 1,947-acre land valued at Rs 32,203 cr in 2023
The current upswing in the residential real estate market has led to a higher number of land deals as realty developers are actively pursuing and concluding these transactions in a bid to capture the sales momentum. As the real estate…
Pharma companies producing drugs, supplements in same unit under lens
The government has decided to take action against pharma units which are flouting norms by manufacturing nutraceuticals, health supplements and drugs in the same facility, said people with knowledge of the development. Under the revised Schedule M of Drugs and…
Bharat Tex Expo: Bharat Tex Expo: PM Modi highlights connecting textile value chain with 5 ‘Fs’
Bharat Tex Expo: Prime Minister Narendra Modi on Monday inaugurated the four-day Bharat Tex Expo 2024 at Bharat Mandapam, which boasts to be the world’s largest textiles event. Speaking at the marquee event, the PM highlighted the government’s focus on…
Reliance, Disney may announce Star-Viacom18 merger this week
Mumbai: Reliance Industries and the Walt Disney Company have signed a binding agreement to merge Viacom18 and Star India, with the deal expected to be announced early this week, people privy to the development told ET. The deal, which has…
IndiGo: IndiGo pilot temporarily blinded by laser beam moments before landing at Kolkata airport
A serious safety concern arose as a powerful laser beam intruded the cockpit of an IndiGo flight from Bengaluru to Kolkata. The incident occurred when the plane was just a kilometer away from landing, with 165 passengers and six crew…
indraprastha: Indraprastha University launches Ph.D in sports injury
New Delhi: The Guru Gobind Singh Indraprastha University has launched a Ph.D programme in sports injury, the admission process for which is currently ongoing, an official statement said on Saturday. The doctorate programme is accepting online applications for the academic…
Passenger says they were stuck on Air Mauritius plane for over five hours at Mumbai airport
Passengers on board an Air Mauritius flight were stuck on the aircraft for over five hours at Mumbai airport on Saturday before the airline decided to cancel it, one among the flyers said. The Air Mauritius flight MK 749 from…
Adani in talks with Hong Kong-based Plaza Premium Group for airport lounge JV
Mumbai: Adani Airports is in advanced talks with Hong Kong-based Plaza Premium Group to enter into a joint venture to run its airport lounges across the country, a person aware of the negotiations told ET. If it fructifies, the partnership…
Steel mills India: Indian steel mills seek iron ore export ban as China sales jump
Smaller steelmakers in India are pressing for a ban on exports of iron ore, after a surge in sales to Chinese mills pushed up local prices. Indian exports jumped 170% to 44 million tons last year — most of which…
pharma units: Several small pharma units told to halt operations over quality
Several drug manufacturing units are under the scanner for quality with the drug regulatory authority carrying out risk-based inspections. The Central Drugs Standard Control Organisation (CDSCO), along with state drug authorities, have inspected more than 25 units at Baddi in…
UP board exams for Class 10, 12 begin today; CCTV surveillance is ongoing at all centres – The Economic Times Video
The class 10 and 12 exams for the Uttar Pradesh State Board of High School and Intermediate examinations began on Thursday. High School examinations will be held in the first shift and Intermediate examinations will be held in the second…
Star Health: From Star to Galaxy: Jagannathan, 79, to start new health insurance venture
V Jagannathan, the founder of Star Health and Allied Insurance Company, is setting up a new venture in the health insurance realm. At the age of 79, he’s launching Galaxy Health and has applied for R1, a preliminary licence application,…
After Jakarta, IndiGo announces daily flights to Indonesia’s Bali
IndiGo has announced plans to launch daily direct flights from Bengaluru to Bali’s Denpasar starting March 29. Following its operations to Jakarta in 2023, Bali marks the airline’s second destination in Indonesia and the 33rd international stop on its extensive…
Can Cable Railing Supplies Withstand Harsh Weather Conditions?
Can Cable Railing Supplies Withstand Harsh Weather Conditions? Cable railing systems have become increasingly popular in modern architecture and design due to their sleek appearance, durability, and minimalistic appeal. However, one crucial question that arises when considering cable railing installations…
NARCL’s offer for Entertainment City debt pegs recovery at 95%
Mumbai: The government-backed bad bank has offered ₹711 crore to acquire the debt of Entertainment City – which operates The Great India Place mall in Noida and theme park Appu Ghar in Delhi. The offer translates to a 95% recovery…
Wie man Neon-LED-Schild-Transformatoren austauscht
Neon-LED-Schild-Transformatoren Neon-LED-Schilder sind eine beliebte Wahl für Geschäfte, Bars und Restaurants, um Aufmerksamkeit zu erregen und eine einladende Atmosphäre zu schaffen. Die Transformatoren sind ein wesentlicher Bestandteil dieser Schilder, da sie die erforderliche Spannung liefern, um die Neonröhren oder LED-Lichter…
Entertainment sector leasing registers 179% Y-o-Y growth
Entertainment sector which includes movie theatres, gaming arcades, and children’s play areas has doubled the space take up in 2023 with people spending more time and money on leisure and activities. Total space taken by this segment jumped to 660,000…
Kastélyok, Quinták és szállodák Madeirán
Quinták és szállodák Madeirán Egy rövid repülőútra az Egyesült Királyságból Madeira a kalandorok paradicsoma. A túrázástól a vadon élő állatok megfigyelésén át a félelmetes tájakig rengeteg tevékenység várja a családot ezen a portugál szigeten. Mint ilyen, az iskolai szünetek és…
FMCG: FMCG companies to limit B2B sales to level field for distributors
Leading consumer goods companies Britannia, Dabur, Amul and Parle said they are restricting sales to organised wholesalers such as Flipkart Wholesale, Udaan and Reliance Cash and Carry to avoid margin issues arising among their traditional distributors or those cannibalising their…
Air Asia to start Thiruvananthapuram-Kuala Lumpur service
Air Asia Berhad will be operating a direct flight from Thiruvananthapuram International Airport to Kuala Lumpur, the capital city of Malaysia, from February 21, an airport statement said. Air Asia Berhad will be operating the Thiruvananthapuram-Kuala Lumpur service with an…
Odisha’s first vaccine manufacturing plant to start production by May
Bhubaneswar: Commercial production at the Sapigen Biologix vaccine plant in Odisha, the first such facility in the state, will commence by May this year, officials said on Sunday. The plant at the Biotech Park in Andharua near here will have…
luggage: Government asks airlines to ensure last bag arrives at baggage belt within 30 minutes
Civil aviation security regulator Bureau of Civil Aviation Security (BCAS) has asked airlines to deploy adequate manpower in 10 days so that passengers don’t have to wait at airports for their luggage. The regulator on Friday wrote to airlines saying…
NARCL places Rs 260 crore bid for Metenere’s Rs 3,040 crore debt
MUMBAI: National Asset Reconstruction Company of India (NARCL), the country’s so-called ‘bad bank’, has offered Rs 260 crore to acquire Rs 3,040-crore debt of Metenere Ltd, equating to 8.5% recovery for lenders, said people aware of the development. A consortium…
Power Grid unfazed by proposed O&M norms changes by CERC
Power Grid Corporation (POWERGRID) expects “no impact” from proposed changes in Operation & Maintenance (O&M) charges norms by Central Electricity Regulatory Commission (CERC), a top company official said. The official said the company was in discussion with the regulator. Draft…
Vande Bharat trains: Vande Bharat train, running at 160 kmph, stops automatically before red signal in first ‘Kavach’ trial
The Agra railway division on Friday successfully tested an automatic braking system installed in eight-car Vande Bharat trains as part of the indigenously developed anti-collision device ‘Kavach’, an official said. “In the first-ever trial, the loco pilot did not apply…
Money laundering suspected: More payment banks under scanner
NEW DELHI: More payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and potentially engaged in suspicious transactions and money laundering activities. About 30,000 of these are with…
Assam to get Rs 25000 crore semiconductor packaging unit
Assam will soon have its first investment in a semiconductor packaging plant worth nearly Rs 25,000 crore. This facility will be built jointly by the state government and Tata Group. Union Minister of State for Electronics and IT Rajeev Chandrasekhar…
Reliance Tata Deal: Ambani’s RIL may buy 30% Tata Play stake from Disney to strengthen television distribution & JioCinema
Reliance Industries is reportedly in discussions to acquire a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney, Business Standard newspaper reported citing sources close to the development. The potential deal signifies Mukesh…
Boehringer’s Jardiance now gets CDSCO nod for chronic kidney disease
Boehringer Ingelheim’s (BI) on Wednesday said its diabetes drug Jardiance (empagliflozin) 10mg dosage form has now been approved by the Central Drugs Standard Control Organisation of India for the treatment of chronic kidney disease (CKD), as an additional indication. This…
Godrej Properties forays into Hyderabad, acquires 12.5-acre land parcel
Godrej Properties, the real estate development arm of Godrej Group has forayed into Hyderabad property market with acquisition of over 12.5 acre of land in the southern city’s Rajendra Nagar locality. The development on the land parcel, located in this…
Bandhan Bank: EY to audit 51 lakh microfinance accounts of Bandhan Bank
E&Y is conducting audit on Bandhan Bank’s 51 lakh microfinance borrower accounts as part of its mandate to examine the Rs 22750 crore worth of loans against which the bank sought insurance claims from the government. Bandhan Bank managing director…
IIM Ahmedabad wraps up final placements with completion of Cluster 3
Indian Institute of Management Ahmedabad has wrapped up Cluster 3 of its final placement process for the PGP Class of 2024, which saw participation of recruiters including Tata Steel, NPCI, Jio Financial Services, Newgen Software Tech, Javis, BNP Paribas, Axis…
Government asks Mumbai Airport to reduce flights to ease congestion
The government has asked Mumbai airport to reduce the number of scheduled flights and restrict the movement of business jets during rush hours in a bid to reduce congestion and improve on-time departures. The move will force airlines to cut…
India’s petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch
New Delhi: India’s demand for petroleum products is likely to increase by a mid-single-digit percentage in the financial year ending March 2024, following a 10 per cent post-pandemic recovery in 2022-23, according to Fitch Ratings. Both petrol and diesel sales…
ONGC: ONGC Q3 net falls 14% as oil prices dip
Oil and Natural Gas Corp’s profit fell 14% year-on-year to ₹9,536 crore in the October-December quarter as both production and prices of oil and gas declined. Gross revenue fell 10% to ₹34,789 crore. ONGC’s crude oil production fell 3% to…
Hotels give up the old ways as younger guests check in
From launching brands that encourage checking in at a bar to reviewing loyalty programmes and co-curating unique itineraries, hotel chains and travel companies are tailoring offerings and services to see how they can better manage the expectations of their increasingly…
States, UTs lowering tax on jet fuel provided huge fillip to airline industry: Jyotiraditya Scindia
The government’s efforts have resulted in 31 states and Union Territories now levying lower taxes on jet fuel, a development that has provided a huge fillip to the airline industry, which was witnessing a V-shaped recovery after the Coronavirus pandemic,…