India's largest hospitality company Indian Hotels Company Ltd on Monday said it is well poised to achieve its vision of 300 hotels by 2025, from the current portfolio of 260 hotels. Indian Hotels Company Ltd (IHCL) said it accelerated portfolio expansion in FY 2022-23 which ended in March, with the signing of 36 new hotels [...]
Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from retail investors and the correction in the market that led to reasonable valuation. This comes following a similar amount of Rs 1.81 lakh crore invested by mutual funds in the stock market [...]
Women and Child Development Minister Smriti Irani on Monday asked social media major Meta to work in sync with the child helpline to provide quick relief to children in an emergency situation. Speaking at Digital Surakhsa Summit, Irani expressed concern over videos being made in unsafe circumstances by social media users and asked Meta to [...]
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'. [...]
Union Road Transport and Highways Minister Nitin Gadkari along with a 13-member Parliamentary committee on Monday reviewed the construction work of the strategic Zojila tunnel, which will provide all-weather connectivity between Jammu and Kashmir and Ladakh. While terming the tunnel historic, the minister said that the project is part of a dream to connect the [...]
Benchmark indices Sensex and Nifty eked out gains in volatile trade on Monday, extending the winning streak to a sixth day even as investors preferred to stay on the sidelines ahead of the start of quarterly earnings. The 30-share BSE Sensex ended marginally up by 13.54 points or 0.02 per cent to 59,846.51. During the [...]
Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the [...]
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private [...]
Multilateral funding agency ADB on Monday said it proposes to subscribe non-convertible debentures worth Rs 150 crore of Tata Power Delhi Distribution Ltd (TPDDL), to enhance Delhi’s power distribution through grid enhancements. Besides, Asian Development Bank (ADB) agreed to provide USD 2 million grant to partially finance the purchase and integration of a pilot battery [...]
Managed service provider The Executive Centre clocked a 24 per cent annual growth in revenue at USD 45 million during the last calendar year on rising demand for flexible workspace. Hong Kong-based The Executive Centre (TEC) entered India in 2008 with its first property in Mumbai. It currently has 40 centres, comprising about 15,000 desks [...]
