The Karnataka High Court has quashed the order of the National Company Law Tribunal (NCLT) that had passed an order allowing the operations of windmills on forest land in the state to a Mumbai-based company. The HC said the tribunal did not have jurisdiction over the matter of setting aside a government order. "The company [...]
Entertainment OTT player Netflix has slashed subscription rates in 116 countries following the success of its business model in India, the company said on Wednesday. Netflix has seen a 30 per cent growth in customer engagement and 24 per cent revenue growth year-on-year in India after it launched a low-priced subscription plan in the country [...]
Fantasy sports' revenue is likely to grow over three-fold to Rs 25,240 crore by FY2027, a joint report by the Federation of Indian Fantasy Sports and Deloitte India said on Tuesday. The report claimed that India is the fastest-growing FS (fantasy sports) market in the world with over 300 fantasy sports platforms (FSPs) and 18 [...]
The United States’ becoming India’s largest trading partner is testament to the strengthening of bilateral ties between the two democracies, an Indian American Congressman said Tuesday. “The rapid growth of trade between the United States and India is a testament to the ties between our democracies growing stronger as our partnership increases both the prosperity [...]
Equity benchmark indices declined in initial trade on Wednesday, falling for the third day running, amid weak trends in IT counters and foreign fund outflows. Weak trends in global markets also added to the negative sentiments. The 30-share BSE Sensex fell 168.88 points to 59,558.13. The broader NSE Nifty declined 48.35 points to 17,611.80. Among [...]
The cultivation of rubber contributed to stamping out militancy and insurgency in the north eastern region of India and provided financial security to the people there, Minister of Commerce and Industry Piyush Goyal said on Tuesday. The Union Minister said that under the leadership of Prime Minister Narendra Modi, the Central government has been supporting [...]
Popular ice cream brand Baskin Robbins, operated by the Graviss Group, has planned to open about four to six parlours in the city every year and another 100 stores across the country this year, a top official said on Tuesday. The company currently has 16 parlours in Chennai. Witnessing a strong demand, the company has [...]
The Bombay High Court on Tuesday rebuked the Serious Fraud Investigation Office (SFIO) for not completing its probe against Jet Airways founder Naresh Goyal and his wife in a case of an alleged Rs 7,000 crore fraud. A division bench of Justices Revati Mohite Dere and Sharmila Deshmukh expressed displeasure about the tardy pace of [...]
India's overall gem and jewellery exports grew marginally by 2.48 per cent to Rs 3,00,462.52 crore (USD 37,468.66 million) in 2022-23 due to global challenges like inflation, the Russia-Ukraine war and the lockdown in China for almost six months, GJEPC said on Tuesday. The total gem and jewellery exports during 2021-22 stood at Rs 2,93,193.19 [...]
Co-working operator Awfis has taken on lease 1.74 lakh square feet of office space in Pune from realty firm Nyati Group amid rising demand for flexible workspace from corporates. In a statement, Awfis said it has entered into a strategic leasing partnership with realty firm Nyati Group to open new facilities in Pune. Through this [...]
