india: By 2030, renewables will fulfil 65% of India’s energy needs: Union Minister RK Singh
New Delhi: About 44 per cent of India’s energy requirements at present come from non-fossil sources and are likely to touch as high as 65 per cent by 2030, much higher than what the country pledged at the COP summit…
Vodafone Idea asks SC for early hearing of its curative petition on AGR
Senior counsel Harish Salve, appearing for Vodafone Idea, on Friday asked the Supreme Court to hear its curative petition related to adjusted gross revenue (AGR) dues matter at the earliest. A Bench led DY Chandrachud while refusing to give any…
Adani to electrify intra-city mobility with e-bus supply
Adani Enterprises has forayed into the electric mass mobility segment, submitting bids for the latest tender floated by state-owned Convergence Energy Services Limited (CESL) for 3,600 electric buses. Adani, along with consortium partner EKA Mobility, submitted the bid for the…
Bengaluru-based company to manufacture doors for Airbus’ A220s – The Economic Times Video
In a significant push to Make in India initiative, Bengaluru-based Dynamatic Technologies bagged a contract from Airbus for manufacturing all the doors of its narrow body A220 family of aircraft. The deal was declared at a function which marked the…
Bharat Tex expo: Target, H&M, Hyosung Corp among 3,000 cos to participate in Bharat Tex
Swedish clothing giant H&M, American retailer Target, Mauritius’ CIEL Group, Indonesia’s Busana Group, South Korea’s Hyosung Corporation, designer furnishings company Perennials and Sutherland LLC, and British thread maker Coats Group, are among the 3,000-odd companies which will participate in Bharat…
Skye Air enters into partnership with SMILe to deliver shipments via drones
Logistics solution provider Skye Air on Wednesday said it has entered into a partnership with e-commerce enablement platform SMILe (Shree Maruti Integrated Logistics) for delivery of shipments via drones. The partnership is enable faster order fulfilment in urban areas with…
Banijay Asia: Deepak Dhar-helmed Banijay Asia forays into Southeast Asia
Deepak Dhar, founder and CEO of Banijay Asia, has announced the company’s strategic expansion into Southeast Asia with the formation of CreAsia Studio. Banijay Asia, a joint venture between Dhar and Banijay Group, has established the new company. The company…
DDA allows private firms to buy flats in bulk
Private companies can now buy DDA flats in bulk and use it as hostel or staff quarter as the Delhi Development Authority (DDA) had amended the DDA (Management and Disposal of Housing Estate) Regulations, 1968. In the authority meeting on…
lng: India likely to extend LNG import deal with Qatar for 20 years at lower rates
Bharti Airtel. Share Price 1146.40 09:32 AM | 06 Feb 2024 32.86(2.96%) Tata Consultancy Services. Share Price 4087.05 09:32 AM | 06 Feb 2024 113.75(2.87%) HCL Technologies. Share Price 1598.45 09:32 AM | 06 Feb 2024 43.11(2.78%) Wipro. Share Price…
Hindalco buys 26% in renewable energy company to power smelter in Odisha
MUMBAI: Hindalco Industries has bought a 26% stake in renewable energy company Ayana Renewable Power Four for 1.62 crore rupees as it looks to supply its smelter in Odisha with 100 MW of round-the-clock energy. Bengaluru-based Ayana Renewable, which was…
Hyundai: Hyundai plans to drive to Dalal Street for largest IPO ever: Plans listing of local arm this Diwali
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India…
Indian businesses fear higher taxes over unsettled dues to small vendors as March 31 deadline inches closer
Weeks before the financial year ends, millions of businesses in India, large and small alike, are waking up to an accounting alarm.They are coming to grips with a situation where profits will be dented by a new law to be…
Rajasthan: Domestic tourism in Rajasthan up 12 times since 2020, foreigners’ numbers see huge spike
The number of domestic tourists visiting Rajasthan has increased about 12 times in the last four years, with the footfall of foreign tourists also witnessing a sharp uptick since the Covid-induced slump. According to the Tourism Department, in 2020, more…
Temasek sells minority stake in Manipal Hospitals
Singapore based sovereign wealth fund Temasek on Saturday said it has reduced its stake by 8% in Manipal Health Enterprises, after a year it took control of India’s second largest hospital chain, sources told ET.Temasek will continue to hold a…
petrol sales: Petrol sales rise 9.3%, diesel 3.1% in January
Consumption of petrol soared 9.3% in January from a year earlier and that of diesel rose 3.1% after a sluggish December as people returned from their holiday breaks to the office and economic activity picked up.Sales of petrol and diesel…
Railways spent Rs 98.10 to earn Rs 100 in 2022-23: Ashwini Vaishnaw
Post Covid-19, Railways achieved the highest ever total revenue of 2,40,177 cr in 2022-23 with operating ratio of 98.10 per cent, Rajya Sabha was told. Railways Minister Ashwini Vaishnaw informed the house on Thursday that the railways spent Rs 98.10…
Laying bedrock for development, growth: Dilip Shanghvi, MD, Sun Pharma
The interim budget exemplifies the government’s unwavering dedication to realising its ‘Viksit Bharat’ vision. It articulates a forward-thinking and comprehensive approach to development, indicative of the wisdom and foresight of the government. The primary emphasis is on fortifying our economy,…
Hero MotoCorp vehicle sales rise to 4,33,598 units in January
Two-wheeler maker Hero MotoCorp said on Thursday its vehicle sales rose 22 per cent to 4,33,598 units in January. In the year-ago period, the company’s vehicle sales stood at 3,56,690 units, Hero MotoCorp said. Domestic sales grew 20 per cent…
LPG Price hiked: LPG prices hiked by Rs 14 ahead of Budget 2024
The cost of Liquified Petroleum Gas (LPG) has seen hiked by Rs 14, just ahead of the much-anticipated interim budget announcement by finance minister Nirmala Sitharaman on Thursday.The hike in prices specifically affects the 19-kilogram commercial LPG gas cylinders, witnessing…
FASTag: NHAI likely to extend FASTag KYC compliance deadline by one month: Sources
In a bid to streamline the electronic toll collection system and ensure smooth transit at toll plazas, the National Highways Authority of India (NHAI) has declared an extension of the Know Your Customer (KYC) compliance deadline for FASTags, according to…
first-time flyers: Flying start for first-timers taking to skies
India recorded about 30 million first-time flyers in 2023, according to data compiled by aviation consultant CAPA India, a development that industry executives and experts attributed to factors such as increasing personal income levels, a host of new airports and…
zee sony hearing: SIAC to begin hearing in Sony-Zee arbitration matter on Jan 31
The Singapore International Arbitration Centre (SIAC) is set to begin hearing in the arbitration case filed by Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment against Zee Entertainment Enterprises over the alleged breach of the merger agreement.People aware of…
India plays key role in growing Mango’s global business: Exec
Spanish fashion brand Mango said India is a crucial market for its global growth due to surging demand for women’s western wear, retail infrastructure built over the past decade and online adoption in India.“India is one of the 10-15 markets…
biomass: 41% in India still rely on biomass for cooking, emitting 340 million tonnes of CO2 annually, says report
Forty-one percent of the Indian population still uses wood, cow dung or other biomass as cooking fuel and cumulatively emits around 340 million tonnes of carbon dioxide into the environment every year, which is about 13 per cent of India’s…
At New Delhi, Mumbai & Bengaluru airports, biometrics set to rev up immigration checks
New Delhi: The government is planning to roll out a faster biometrics-based process for international passengers to speed up immigration checks as part of the strategy to develop India’s airports as global transit hubs. The New Delhi, Mumbai and Bengaluru…
Piramal Enterprises: Piramal Enterprises to sell full 20% stake in Shriram Investment Holdings for Rs 1,440 crore
Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this financial year. “This transaction is…
Railway plans to bring vacancies on regular basis every year: GM, East Central Railway
Stating that the Railway plans to bring vacancies on a regular basis every year, General Manager East Central Railway Anil Kumar Khandelwal said that the employment process for 1.5 lakh posts was completed in the last year itself. “Railway has…
digi yatra data threat: Digi Yatra purely voluntary; data can be collected only after passenger’s consent: Jyotiraditya Scindia
Digi Yatra is purely voluntary for air passengers and personnel at airports have been directed to collect data for the application only with the consent of passengers, according to Civil Aviation Minister Jyotiraditya Scindia. There have been complaints that biometric…
Coming Soon: One format for data submission for banks to credit information companies
New Delhi: Lenders are looking at standardising data submission to credit information companies such as TransUnion CIBIL, Equifax, CRIF High Mark and Experian after the Reserve Bank issued show-cause notices to individual banks over data discrepancies. The proposed move is…
NCLT admits insolvency plea against Mumbai’s Four Care Hospital
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The tribunal has also appointed Rajan Garg as its…
Zee pulls plug on $1.5-billion ICC TV rights deal with Disney
Mumbai: Zee Entertainment Enterprises has informed Disney Star that it won’t honour their $1.5-billion deal for International Cricket Council’s TV rights from 2024-2027, a move that could lead to a legal battle between the two broadcasters, people privy to the…
delhi flight delays: Air India will have more CAT 3 pilots to handle fog disruption: CEO Campbell Wilson
Air India will rebuild its crew schedule so that it has more buffers and increase the number of pilots trained to operate visibility conditions to reduce disruption in the next winter season, CEO Campbell Wilson said. Thick fog and a…
bain capital: On track to invest up to $10 billion in India over 3-5 years: Bain Capital’s David Gross-Loh
Mumbai: Having deployed $2 billion in India in the last 12-18 months, Bain Capital, is on track to invest up to $10 billion in the next 3-5 years, according to one of its top executives. “India’s time has come both…
oppo: Oppo, Nokia resolve global patent dispute with cross-license agreement
Oppo said Wednesday that it has signed a global cross-license agreement with Nokia Technologies covering standard essential patents in 5G and other cellular communication technologies, ending a two-year long feud between the two companies over patent licensing which led to…
Reliance: Disney Star faces unusual fallout: A potential $2-billion downgrade by Reliance amidst Zee-Sony turmoil
Mumbai: Disney Star could, in terms of valuation, end up becoming an unusual and immediate victim of the aborted Sony-Zee merger. Zee Entertainment Enterprises disputing its obligations to honour a $1.5-billion sub-licensing deal for the International Cricket Council (ICC) has…
Netflix inks $5 billion streaming deal for WWE’s Raw
Netflix has reportedly signed a $5 billion deal for 10 years to stream WWE’s Raw, marking a significant shift for the flagship weekly show from linear television to streaming for the first time in 31 years. Beginning in January 2025,…
Bharti Group in talks with SBI Life, others to sell insurance business
Bharti Group is in advanced talks with SBI Life and some other insurers to sell its now wholly owned life insurance venture Bharti AXA Life Insurance, people aware of the negotiations told ET. The move comes after Bharti Group in…
London Pride: Trademark infringement: SC directs ‘London Pride’ whisky maker to consider changing packaging
The Supreme Court on Monday directed a Madhya Pradesh-based company which manufactures and sells whisky under the trade mark ‘London Pride’ to inform if it was willing to change the trade dress and colour of its product as they were…
Ram Mandir inauguration: Ram Mandir inauguration: Ayodhya airport ticks all boxes to receive VIPs
New Delhi: Ayodhya airport is ready for its busiest day with top politicians, film stars and corporate bosses flying in for the Ram mandir consecration ceremony. Prime Minister Narendra Modi will preside over the Pran Pratishtha on Monday. While the…
Lithium mining: India faces uphill battle in Lithium mining and exploration
India is striving to establish reliable lithium supply to bolster its growing electric vehicle (EV) industry with its recent INR 200 crore investment in lithium exploration in Argentina by the Ministry of Mines. Despite these efforts, industry experts caution that…
coaching centre guidelines: Rules set to school coaching centres divide students, parents, and experts
Bengaluru|New Delhi: Students, parents, coaching institutes and education experts are divided over the Centre’s new guidelines to regulate coaching centres in India, which came in the wake of an alarming rise in student suicides. While some have welcomed them as…
India defers $602 mln plan to fill parts of strategic petroleum reserve
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, the finance ministry said on Saturday. In the federal budget for 2023-24, the government had outlined…
Indian wedding: Hotels set table for the big fat Indian wedding
New Delhi: Hotel chains have lined up new offerings to cater to the booming demand for wedding venues, seeking to build on the tourism ministry’s campaign aimed at encouraging couples from across the globe to tie the knot in India…
oil: State-run oil companies surge ahead with Rs 89,000 crore capital spending
New Delhi: State-run oil companies made a capital spending of Rs 89,000 crore in the first nine months of the current fiscal year as they enhanced new production and distribution facilities. The spending is about 84% of their combined capex…
Sunny summer sales forecast, hopes of heavy poll-time spending drive consumer companies to go big on production
Makers of consumer products ranging from air-conditioners to beverages to soaps are set to step up production for the upcoming summer season as early forecasts indicate fewer weather-related disruptions in demand in 2024 than last year. Buoyed by forecasts of…
Gem, jewellery exports slip 8.14 pc to Rs 18,281 cr in Dec: GJEPC
The overall gems and jewellery exports fell 8.14 per cent year-on-year in December to Rs 18,281.49 crore (USD 2,195.23 million), according to data released by the Gem Jewellery Export Promotion Council (GJEPC). The total exports stood at Rs 19,901.55 crore…
Apple Watch: US imports of some Apple Watches banned while patent case plays out
Apple cannot sell two flagship Apple Watch models in the U.S. as the iPhone maker fights a legal battle over patents covering a blood oxygen measurement feature, a U.S. appeals court ruled on Wednesday. The legal fight could take a…
Yes Bank news: Yes Bank becomes first Indian bank to conduct export finance transaction on RXIL’s ITFS platform
Yes Bank on Wednesday became the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services…
Online portals offering travel plans are tour operators: Appellate Tribunal
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal ruled that online portals that offer tour planning, including accommodation, are tour operators, upholding the appeal of MakeMyTrip (MMT) India Private Limited, which had availed a 90% abatement…
adani: Adani Group to start mapping Mumbai’s Dharavi slum in weeks
Adani Group is set to begin mapping Dharavi, one of Asia’s largest slums in the heart of Mumbai, within weeks as part of a controversial and extensive face-lift of India’s financial capital. The conglomerate owned by tycoon Gautam Adani won…
UP RERA starts pre-hearing scrutiny of complaints to help homebuyers
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Monday started pre-hearing scrutiny of complaints, in a move aimed at quick disposal of cases. UP RERA has an e-courts system for filing of complaints by the homebuyers and the…
Adani Group offers 17 per cent extra area in new homes to Dharavi slum residents
In its endeavour to woo Dharavi slum residents, the Adani group on Monday said it will offer eligible residents of the slum clusters new flats measuring 350 sq ft, reported PTI. The Adani group, which is redeveloping Dharavi slums in…
Auto exports decline 21% in 2023: SIAM
Automobile shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger…
India electronics exports to US jump over two-fold to USD 6.6 bn in Jan-Sep 2023: ICEA
New Delhi: Electronics exports from India to the US jumped over two-fold year-on-year to USD 6.6 billion during January-September 2023, industry body ICEA has said. India Cellular and Electronics Association Chairman Pankaj Mahindroo told PTI that this is an all-time…
BCAS: Aviation ministry looks for template to restructure BCAS
Union Civil Aviation Minister Jyotiraditya Scindia on Saturday said his ministry is looking at a template to restructure the Bureau of Civil Aviation Security (BCAS). Besides, the minister said the workforce at BCAS, the country’s aviation security body, will be…
GTPL Hathway’s Q3 net down 37%
Leading cable TV and broadband service provider GTPL Hathway’s net profit for the quarter ended December 2023 has declined 37% to Rs 24 crore, even as operating profit remained flat at Rs 131 crore. The company’s total revenue rose 22%…
Indian Railways halve cattle hits with new fencing
The railways has succeeded in reducing cattle hits after the newly designed fence was deployed between Ahmedabad and Mumbai. By replacing concrete walls with metal railings, the railways has hit upon a happy medium-they keep cattle out but allow people…
Passenger vehicle sales in local market reach new heights in 2023
Sales of passenger vehicles in the local market increased in moderate single-digits to 286,390 units last month, taking cumulative volumes for the calendar year over the 4 million mark for the first time in the country. As per data available…
Hindustan Unilever: HUL downplays rift over margins, says distributors stand to gain
Hindustan Unilever, the country’s biggest consumer goods firm, said its distributors have been given an opportunity to earn 70 basis points more margins with significantly higher return on investments under its new margin structure, downplaying the friction between the company…
IndiGo launches Ahmedabad-Ayodhya flights; passengers dressed up as Lord Ram, Lakshman – The Economic Times Video
Ahmedabad (Gujarat): Passengers dressed up as Lord Rama, Lakshman, Mata Sita and Lord Hanuman arrived at Ahmedabad Airport on January 11. The first flight bound for Ayodhya will take off from Ahmedabad. Preparations are in full swing for the Ram…
India could see drug shortages, price rise owing to new rule: Industry executives
India may see drug shortages and an escalation in drug prices in the coming days, according to industry executives, as several lobby groups and associations that represent medium and small enterprises have expressed their inability to follow the rules recently…
electric vehicle: Govt to build 6,000 km of electric vehicle-ready highways on Golden Quadrilateral
New Delhi: The government is working on a plan to build electric vehicle-ready highways on the Golden Quadrilateral in a major effort towards reducing fuel consumption and vehicular emissions through electrification of intercity public transport. People in the know told…
5 Specific Skills You Consider Crucial For Success As a Female Electrician
Consider Crucial For Success As a Female Electrician Women are breaking into traditionally male-dominated industries, such as electrical work, and proving that they can be just as skilled and capable as their male counterparts. These trailblazers are inspiring younger generations…
Ford likely to make a comeback India market with Endeavour
As per industry sources, Ford aims to revive sales by bringing back the Endeavour, contemplating both local assembly in Chennai and direct imports. The company could import fully-built cars without homologation, staying competitive against rivals like the Toyota Fortuner while…
Pernod Ricard trademark case: SC to examine HC order in Pernod Ricard trademark case
The Supreme Court on Friday decided to look into a Madhya Pradesh High Court’s order that refused to restrain a local firm from manufacturing and selling its whisky or any alcoholic and non-alcoholic beverages with trademark, get-up and trade dress…
India set to halve oil refiners’ FY24 energy transition equity support
India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners’ green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit….
FY24 India growth projection: Pharma Sector: ICRA expects 9-11% growth in FY24 led by new launches, US rebound
Credit rating agency ICRA expects the revenues of a sample set of 25 Indian pharmaceutical companies which account for 60% of the overall revenues of the Indian pharmaceutical industry to expand by 9-11% in FY24, compared to 10% over previous…
car sales: Fantastic four – Hyundai, Tata, M&M and Toyota – fire up Motown, drive into record books
New Delhi: In a record year for car sales, only four companies – Hyundai, Tata Motors, Mahindra & Mahindra and Toyota – hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got…
Versuni new plant: Versuni opens new factory in Ahmedabad to boost local production
Amsterdam-based home appliance brand Versuni Wednesday opened its second factory in India in Ahmedabad built on a 25,000 square metre to make air fryers, garment steamers, hand mixers. Global CEO of Versuni Henk De Jong, who was present at the…
Religare Finvest: Religare Finvest issued Esops to Rashmi Saluja a day after Burmans’ open offer
A day after the Burman family, the largest shareholder of Religare Enterprises Limited (REL), announced an open offer to buy more shares to take control of the financial services conglomerate, Rashmi Saluja, executive chairperson of the company, acquired around 8%…
Indian Railways housekeeping staff throws trash on tracks from moving train; Central Railway responds
In what could be called a business-as-usual scenario by many people who travel by train across India, a video has gone viral on social media. And Indian Railways has once again earned the ire of many due to the viral…
PepsiCo: PepsiCo widens search for new executive to head its India business
Beverages and snacks maker PepsiCo is considering more than one executive for the role of president and chief executive officer for its India business, including a candidate from its global system, said executives directly aware of the developments. Earlier, PepsiCo…
Wonder Cement announces setting up of new production unit at Tulsigam, Gujarat
Cement manufacturer, Wonder Cement, has announced the setting up of its new production facility at Tulsigam, Gujarat. The company also said that it has reached a significant milestone of 18 MTPA cement production capacity in 2023. The Tulsigam unit is…
artisan pizza: With attention to ingredients & procedure, local pizzerias bite into global chains’ market
New Delhi: Amol Kumar doesn’t like talking about himself too much. He’d rather let his crafted pizzas do all the talking. The owner and chef of Leo’s Artisan Pizza spends most days making doughs, experimenting with artisanal flour and cheeses…
electronics manufacturing sector: With more local value additions, electronics manufacturing sector to be worth $115 bn in 2024
New Delhi, India’s electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of…
Compass Group: Compass Group plans expansion, expects India to rank among its top five markets
India arm of British multinational group Compass Group PLC which manages large office complexes and food services for corporates, is looking to make India among the top five markets for the company, Vikas Chawla, MD of Compass Group India told…
dry fruits: More Indians going nuts over dry fruits
Kolkata | New Delhi: Consumption of dry fruits increased 25% in 2023, the most in five years, as consumers have become more health conscious after the pandemic and turned to these rich sources of minerals and vitamins known to help…
Not mandatory for banks, NBFCs to raise green funds: RBI FAQs
Mumbai: The Reserve Bank of India (RBI) on Friday said it is not mandatory for banks and NBFCs to raise green funds, but in case they intend to do so they must follow the prescribed framework. The central bank has…
luxury travel arrangements: India’s high-end customers embark on dreamy adventures to conclude 2023
Mumbai: India’s well-heeled are getting more demanding and creative as an action-packed year for them – 20.3% returns in the stock markets; record number of IPOs – draws to a close. Concierge services that make outlandish asks come true, for…
Xiaomi SU7, SU7 Max Electric Cars have mind-blowing features. Check here
Global technology brand Xiaomi on Thursday announced its entry into the automotive industry by unveiling its long-awaited first electric vehicle. The company launched two EVs – XiaomiSU7 and XiaomiSU7Max. Here are the top features and specification of the Xiaomi electric…
Paytm Travel Recap 2023: Delhi most preferred domestic destination, 70% increase in solo travellers
NEW DELHI: One97 Communications Limited (OCL) that owns the brand Paytm announced the release of Travel Recap 2023 on Wednesday. Delhi emerged as the most traveled domestic destination, capturing the hearts of explorers and culture enthusiasts, while Dubai dominated international…
ICICI Lombard: ICICI Pru Life gets GST demand notice of Rs 270 cr
ICICI Prudential Life Insurance on Wednesday said tax authorities have slapped a demand notice of Rs 270 crore on it for alleged short payment of GST for 2017-18. The Maharashtra Goods and Service Tax (GST) authority has demanded GST along…
vdl: EKA Mobility partners with Japan’s Mitsui and Netherlands’ VDL Groep to manufacture EVs
Pune-based EKA Mobility has formed a strategic partnership with Japan’s Mitsui & Company and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles in the country. As per the agreement, Mitsui and VDL together will invest $100 million…
Xiaomi to reveal its electric vehicle tech on December 28
Chinese smartphone manufacturer Xiaomi has confirmed that it will be showcasing its electric vehicle (EV) technology for the first time at an upcoming event. Xiaomi’s founder and CEO, Lei Jun, made the announcement on social media platform X, stating that…
Huawei India: Relief for Huawei in I-T Case: Local Court sets aside summons for Huawei India
A sessions court has set aside the orders issued by a magistrate to the Indian unit of Chinese smartphone company Huawei, its chief executive and three other top executives, summoning them to commence prosecution proceedings in a case filed by…
suniel shetty: This Bollywood actor buys MG Comet as his first electric car
Bollywood actor Suniel Shetty has recently purchased his first electric vehicle (EV), an MG Comet. The actor took to his social media account to share a picture of himself with his new car, captioning it as “My first EV ‘The…
renting costs: Rentals in prime micro-markets surge on rising demand for larger homes
Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have surged by up to 35% in 2023, driven by the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations…
Nearly 75,000 sellers on Meesho hit double digit growth in sales
New Delhi: Around 75,000 sellers achieved double-digit growth while over 20,000 sellers witnessed a 10-times jump in their business on Softbank-backed e-commerce firm Meesho, the company said on Sunday. Meesho is the first unicorn e-commerce firm to have reported profit…
DLF to generate Rs 1,400 crore from Gurugram and Panchkula projects
NEW DELHI: DLF plans to generate sales of Rs 1,400 crore from its latest commercial project in Gurugram and residential project in Panchkula, said Aakash Ohri, joint managing director of DLF Home Developers Ltd. The company is on track to…
GIFT City alcohol: Alcohol producers welcome Gujarat govt allowing liquor sale in GIFT City, term it progressive
The confederation of alcohol beverage producers in India on Saturday said they welcomed the Gujarat government’s decision to allow liquor sale in GIFT City. The Confederation of Indian Alcohol Beverage Companies termed the move as “progressive”, adding that it will…
India Exports: India exports 43 per cent more diesel in November
New Delhi: India exported 43% more diesel in November than a year ago as local demand slipped while refineries ran above their capacity. Domestic diesel demand fell 3% year-on-year in November as commercial transport and factory activity slowed after a…
Billionaire Adani’s green unit plans to raise $2 billion via debt next year
Billionaire Gautam Adani’s renewable energy unit is planning to raise at least $2 billion in mostly new debt next year, people familiar with the matter said, as it capitalizes on renewed confidence among creditors in its ambitious expansion plans. Ahmedabad-based…
Some small banks’ returns on savings accounts top FD rates of bigger peers
Mumbai: Banks with limited branch networks and geographic footprint are offering returns on savings accounts that exceed term deposit rates at bigger lenders, illustrating the intensifying competition to mobilise funds in an economy where credit growth continues to pull ahead…
India festive season: Retailers anticipate double-digit sales in festive season, see 7% growth instead
Retail sales in October and November 2023 showed a growth of mere 7% as compared to the sales levels during the same period in 2022 despite the festive season, according to the survey by Retailers Association of India (RAI). Over…
WSB Partners plans to invest over Rs 1,200 cr for warehousing foray
India-focused alternative asset manager WSB Real Estate Partners (WSB) has forayed into the warehousing sector and is looking to invest over ₹1,200 crore over the next two years to build its portfolio across the country. The firm is looking to…
India Yamaha Motor Launches R3 and MT-03 as Completely Built Units in Chennai
Two-wheeler major India Yamaha Motor has launched its latest sports motorcycles — R3 and MT-03 — widening its product portfolio in the domestic market, the company said on Wednesday. The two products — the track-oriented R3 and the street fighter…
TBO Tek buys Jumbo’s online business to expand global footprint
New Delhi: General Atlantic-backed global travel distribution platform TBO Tek, which has filed its draft IPO papers with Sebi, told ET that it has signed a deal to acquire the online business of Jumbo Tours Group of Spain, through its…
Indian airlines likely to prune losses to Rs 3,000-5,000 cr this fiscal: ICRA
Indian airline industry is expecting to prune its net losses to Rs 3,000-5,000 crore in this fiscal from an estimated Rs 17,000-17,500 crore in FY2023 on the back of improved yields and stable cost environment, credit ratings agency ICRA said…
BSE: Dish TV appoints Sunil Khanna, Ravi Bhushan Puri as directors
Direct-to-home (DTH) operator Dish TV India has approved the appointment of Sunil Khanna as an independent director and Ravi Bhushan Puri as executive director. The company said the approval of the shareholders will be sought in terms of applicable regulatory…
affordable cooling devices: ‘Govt, World Bank to work on project to promote mfg, supply of affordable cooling devices’
The government and the World Bank will work on a “comprehensive” project, entailing “significant” investments to promote manufacturing and availability of affordable cooling devices in the domestic market, a top official said on Monday. Secretary in the Department for Promotion…
GMR mops up Rs 3,215-crore funds for Vizag International Airport
MUMBAI: A consortium of five lenders sanctioned a Rs 3,215 crore term loan to GMR Visakhapatnam International Airport, said people with knowledge of the matter, paving the way for the GMR Group to build its fourth airport in the country….
What ‘Pocahontas’ tells us about Disney, for better and worse
Disney’s animated achievements — certain ones — are imprinted on our brains, in part because the company reminds us about them seemingly nonstop. Fresh from the Disney vault! Restored to its original glory! “Wish,” which arrived last month as part…
zeel: ZEEL shareholders reject the reappointment of two independent directors
Zee Entertainment Enterprises Limited (ZEEL) shareholders have rejected the reappointment of Vivek Mehra and Sasha Mirchandani as independent directors at the annual general meeting (AGM) on Saturday while approving the appointment of Deepu Bansal as an independent director. The special…
How to keep your electric car battery charged in cold weather
On a frigid night in December 2022, Hans Guo was on his way home when his Tesla came to a complete stop. The dashboard showed another 18 miles (30 kilometers) of range, but there’s no arguing with a car that…
itc: Diluting stake in ITC Complex, says its largest shareholder
British American Tobacco (BAT), the largest shareholder in ITC with a 29.02% stake, is open to paring its stake in the Indian conglomerate to about 25% but such a transaction would be complex mainly due to India’s strict foreign direct…
In numbers: Reliance and Disney’s streaming and TV assets in India
A merger of Walt Disney’s India business and Reliance’s media unit Viacom18 would create an entertainment powerhouse in the world’s most populous nation but is likely to face an intense antitrust review. Here’s a breakdown of their assets: TELEVISION* Viacom18…
Vedanta Resources outlines terms for bond restructuring
Vedanta Resources bonds saw some selling by private banks and wealth clients after the restructuring announcement. The bond maturing in January fell 2-3 points to 90/91, said a trader. The management provided detailed insights into its proposed bond restructuring plan,…
noida: Builders in Greater Noida get three months deadline to complete projects, registries and address maintenance issues
In a good news for stuck home buyers, builders in Greater Noida have been given time until March 2024 to complete pending residential projects and registries, as well as address maintenance issues, according to a joint committee formed by the…
classic legends pvt ltd: Mahindra & Mahindra’s Classic Legends to get fund infusion of Rs 875 cr
Classic Legends Pvt Ltd, a Mahindra and Mahindra subsidiary that makes iconic motorcycle brands Yezdi and Jawa among others, is set to get a fund infusion of Rs 875 crore, Mahindra said in a stock exchange filing. Of this, Mahindra…
No plans to takeover Vodafone Idea: Government
The government has no plans to take over Vodafone Idea, Minister of State for Communications Devusinh Chauhan told the Lok Sabha Wednesday. “No such proposal is under consideration in the Department,” Chauhan said, replying to a question if the government…
imported chocolates: Indians can’t get enough of imported luxe chocolates
Demand for luxury and premium imported chocolates is growing steadily in India and the market is expected to see a significant uptick in the year-end season, brands and retailers said. Buoyed by the spike in sales, more imported premium brands…
Kinetic Zulu vs Ather 450S vs Ola S1 X: Which is the best affordable electric scooter?
Kinetic Green has introduced its latest electric scooter, the ‘Zulu,’ in the Indian market to compete with entry-level e-scooters such as the Ather 450S and the Ola S1 X series. Here’s a comparison of the three scooters: Electric Powertrain The…
indian bank: Indian Bank offers to sell Rs 610-crore bad loans
State-run Indian Bank has put bad loans worth ₹610 crore on sale as it looks to clean up books by the end of this financial year. The loans include exposures to real estate firm Ashvi Developers, LMJ International and ACCIL…
GRM Overseas sells stake in GRM Foodkraft to Sauce.vc
GRM Overseas has sold a more than 3 percent stake in GRM Foodkraft Pvt. Ltd. (“Foodkraft”), a subsidiary of GRM Overseas Ltd. focused on domestic India-based foods business, to Sauce.vc, a consumer-focused venture capital fund, for an undisclosed amount. Sauce…
Broadcasting Bill may lead to regulatory issues: Disney Star chief
K Madhavan, president of IBDF and Disney Star chief, has been re-elected for the third time. In an interview with ET, Madhavan voiced concerns about the Ministry of Information & Broadcasting’s draft Broadcasting Services Regulation Bill and its impact on…
Why It’s Important to Keep Your Roof in Good Shape
Important to Keep Your Roof in Good Shape Your roof is one of the most important components of your home. It protects your home from harsh weather and helps to save energy costs. It also improves the value of your…
tata motors: Tata Motors to hike price of commercial vehicles by up to 3% from Jan 1, 2024
Indian automobile manufacturer Tata Motors on Sunday announced that it will hike the prices of commercial vehicles by up to 3 per cent with effect from January 1, 2024. Informing the exchanges, the company said that the price increase is…
Electrification drive in India’s transportation sector one of the most significant opportunities: John Kerry
Calling the electrification drive in India’s transport sector one of the most significant opportunities, US Special Envoy on Climate Change John Kerry on Saturday said the quicker India pursues this initiative, the more it mitigates greenhouse gas emissions, leading to…
bank wage revision: Banks, employee unions agree to 17% salary hike, latest on 5-day week proposal: 10 points
The Indian Banks’ Association and unions have reached an agreement on a 17% wage hike for all public sector banks, totaling Rs 12,449 crore. This decision will benefit around nine lakh employees, including 3.8 lakh officers, of PSU banks, including…
Power ministry allocates 1972 MW additional electricity for J&K amid rising demand
NEW DELHI: Power ministry on Friday said it has allocated an additional 1972 MW of electricity for Jammu & Kashmir to take care of the urgent power requirement in union territory. In a meeting with power minister RK Singh, the…
Jaypee homebuyers writes to UP CM requesting to approve proposal of out of court settlement for farmers compensation
Over 20,000 homebuyers of Jaypee have written to the Uttar Pradesh Chief Minister requesting to approve the proposal of out of court settlement between Yamuna Expressway Industrial Development Authority (Yeida)and Suraksha for farmers compensation. In March this year, a bankruptcy…
How to Make a Gift Bag For Your Next Event
Gift Bag For Your Next Event A gift bag is a container used to present gifts. Whether a box, plastic bag or reusable cloth bag, it is usually decorated with lovely designs that add to the aesthetics of the gift…
A handful of big metros corner biggest share of bank deposits
Indian banks may have made credit accessible to lakhs of villages, but just half a dozen metropolitan cities with a strong presence of private banks dominate when it comes to deposit mobilisation. As much as 60% of deposits in commercial…
spicejet: SpiceJet and Celestial move closer to settlement; NCLT grants more time
Aircraft lessor Celestial Aviation and low-cost airline SpiceJet were granted more time to settle the matter by the National Company Law Tribunal on Thursday. The counsels for both sides informed the tribunal that Spicejet had made some payments to Celestial…
Bil Energy enters liquidation as it fails to get any revival plan
The bankruptcy court has admitted Bil Energy System Ltd for liquidation as no viable revival plan was offered to the lenders of the BSE-listed firm that has failed to pay dues of about Rs 167 crore. As part of the…
Lupin US FDA: Lupin gets USFDA nod for generic smoking cessation treatment tablets
Pharma major Lupin Ltd on Wednesday said it has received approval from the US health regulator to market its generic Varenicline tablets indicated for use as an aid to smoking cessation treatment. The approval by the US Food and Drug…
India among 8 nations seeking 5-year patent waiver for Covid diagnostics
India, Pakistan and South Africa, along with five others, have pushed for a five-year global patent waiver for Covid-19 diagnostics and therapeutics. In a submission to the World Trade Organization, they said that diagnostics and therapeutics are “essential tools for…
COP28 lobbyists: Record more than 2,000 fossil fuel lobbyists at COP28 talks: NGOs
A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as negotiators wrestle with calls to end all new oil, gas and coal projects to curb global warming, campaign groups said Tuesday. The COP28…
Bira91 parent plans a Rs 400-cr fund shot for expansion plans
New Delhi: B9 Beverages, maker of Bira 91 beer and owner of The Beer Cafe pub chain, is set to raise Rs 400 crore ($50 million) of fresh funds, executives close to the development said. The money, from existing investors…
5G smartphones: In 2 years, 70 per cent smartphone users may switch to 5G: Industry executives
India is set to become a 5G-first nation in just two years with more than 70% smartphone users expected to wield a 5G handset buoyed by falling prices and countrywide network coverage, industry executives said. Top smartphone brands such as…
Buoyant residential realty drives land deals; non-metros too catch momentum
The ongoing resurgence in the residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels, and the trend is not limited to metropolitan regions and peripheral locations but is also evident in tier-II…
biogas blending: Proposed 5 pc biogas blending with natural gas can cut LNG imports worth USD 1.17 billion: IBA
New Delhi, The proposed 5 per cent blending of biogas with natural gas supplies in the country can cut LNG imports worth USD 1.17 billion annually, says a study by the Indian Biogas Association (IBA). The study comes against the…
Safety first: How well can Kavach protect you during your train travel?
It has been quite a long journey. Lalit Mansukhani remembers the day very vividly: February 15, 2016. A group of railway signal engineers, including him, were over the moon when an indigenously developed signalling equipment was successfully tested on a…
More Indians may spend New Year holidays abroad
More Indians might be holidaying overseas this Christmas-New Year season than last year as relatively cheaper fares and packages, better connectivity, and easier entry requirements have made the proposition more compelling. Tour and travel companies such as Thomas Cook, SOTC…
royal enfield: Royal Enfield sales rise 13 pc to 80,251 units in November
Mid-sized motorcycle maker Royal Enfield on Friday reported a 13 per cent rise in total wholesales to 80,251 units in November 2023. The company had dispatched 70,766 units in the same month last year, Royal Enfield said in a statement….
Toyota Kirloskar Motor: Toyota Kirloskar Motor sales up 51% at 17,818 units in November
Toyota Kirloskar Motor on Friday reported 51 per cent growth in sales at 17,818 units in November 2023 as compared to the year-ago month. The company had sold 11,765 units in November 2022, Toyota Kirloskar Motor (TKM) said in a…
air india: Mocked as video of water dripping in flight goes viral, Air India issues clarification
Air India has issued a statement addressing the incident, which occurred during a flight from Gatwick to Amritsar on November 24. The footage circulating on social media shows a continuous drip of water from the overhead bins onto passenger seats,…
Interior Company in Bangalore
Interior Company Interior design is a creative process that focuses on the layout of furniture, walls, and lighting in order to create a functional, aesthetically pleasing space. A professional designer will work with you to determine your needs and help…
Disney CEO exit: Disney CEO Iger promises 2026 exit, says ABC not for sale
Walt Disney Chief Executive Bob Iger said on Wednesday he would “definitely” step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale. In a wide-ranging interview at the New York Times…
minerals: India calls bids to auction critical minerals worth Rs 45,000 crore
India has set the ball rolling for bidding out critical and strategic mineral bearing mines worth Rs 45,000 crore. The first round of bids has 20 blocks up for grabs and will continue till February 20, 2024. Mines Minister Prahlad…
Karnataka EV policy to be out in two weeks, industry bats for sops for component makers, buyers
Karnataka is giving finishing touches to its new electric vehicle (EV) policy and aiming to release it in about two weeks, official sources told ET. The draft policy released earlier this month has evoked mixed responses from the stakeholders, some…
Tata AutoComp Systems sells over 13-acre land parcel in Pune’s Maan area
Tata AutoComp Systems has sold a land parcel measuring over 13.26 acres in Pune’s Maan area to real estate developer Titania Industrial Development for Rs 134 crore. The company has sold the land along with around 1 lakh sq ft…
Vodafone Idea: Vodafone Idea may miss December deadline for fundraise
New Delhi: Vodafone Idea (Vi) may miss the December deadline to raise fresh funding as the debt-laden telecom operator has yet to finalise the terms of the potential deal with investors, officials aware of the discussions told ET. The company…
Maruti Suzuki: Maruti Suzuki, M&M, Audi plan price hikes in January
Automakers Maruti Suzuki, Mahindra & Mahindra and Audi India on Monday announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates. Besides, Tata Motors and…
Indian drug manufacturers benefit from Big Pharma interest beyond China
Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to interviews with 10 industry executives and experts. China has for…
suhana: ‘The Archies’: New song ‘Dhishoom Dhishoom’ from Suhana Khan, Agastya Nanda starrer out
The new song “Dhishoom Dhishoom” was released on Sunday by the producers of the upcoming drama film “The Archies”. Suhana Khan, the daughter of actor Shah Rukh Khan, posted the song on Instagram with the remark, “Get your red lips…
Indian smartphone market: Smartphones get growth signal for 2024
New Delhi: The Indian smartphone market is expected to grow in 2024 after falling for two years, buoyed mainly by affordable 5G devices and smartphones being given away by parties ahead of upcoming general elections, according to market trackers and…
bio-gas blending: Government makes biogas blending mandatory
The government on Saturday announced compulsory blending of compressed biogas, which is extracted from municipal and agriculture waste, in natural gas to cut reliance on imports. Initially, 1 per cent of biogas will be blended in gas used in automobiles…
GMR Airports raises Rs 1,950 cr for three years to refinance debt
MUMBAI: Standard Chartered Bank, JPMorgan, Deutsche Bank, a Varde Partners entity and Trust Investment jointly provided a Rs 1,950-crore, three-year debt facility to GMR Airports, people with knowledge of the matter said. GMR Airports, the holding company of the airports…
Delhi airport to cross 70 million passenger traffic in FY24: DIAL chief
The Delhi airport will cross the pre-pandemic passenger traffic level at more than 70 million this fiscal and expects to complete the expansion of Terminal 1 by the end of February next year that will increase the domestic air passenger…
Rajasthan assembly polls: Advertisement ‘camouflaged’ to look like a headline: PCI sends notices to newspapers
The Press Council of India has sent notices to editors of several newspapers over the publication of an advertisement that was allegedly “camouflaged” to look like a headline during the Rajasthan assembly polls. The elections in Rajasthan will be held…
Fortis Malar Hospitals: Fortis Malar Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr to MGM Healthcare
Fortis Malar Hospitals Ltd on Friday said it will sell Malar Hospital at Gandhi Nagar in Chennai for Rs 45.5 crore to MGM Healthcare Pvt Ltd. The company has signed a definitive agreement for the sale of its business operations…