India and China will contribute to half of the world's growth this year, China's top think tank said on Tuesday, highlighting that Asia will remain a crucial growth engine with an estimated 4.5 per cent GDP expansion, making it a "standout performer" amidst the global economic slowdown. The Boao Forum for Asia (BFA), Beijing’s prominent [...]
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets. On March 27, the [...]
The telecom industry's financial health needs to improve if India's dream of digital connectivity across the country has to be fulfilled, Bharti Enterprises Vice-Chairman Akhil Gupta said on Tuesday. Very poor return on capital is a big hindrance in telecom development in India today and unless it changes, investments will dry up at some point [...]
Shares of Kalyan Jewellers India tumbled 11.00 percent on Tuesday's early trades after 2.8 crore shares of the company, or 2.74 percent of the overall equity reportedly changed hands in a large block deal. The buyers and sellers are not known yet, however, reports suggest that Warburg Pincus' Highdell Investments was looking to sell some [...]
As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity under the second tranche of the production-linked incentive scheme of the government. The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, [...]
Embassy Office Parks REIT on Tuesday said it has agreed to acquire a 1.4 million square feet office property in Bengaluru for an enterprise value of Rs 334.8 crore. The acquiree, Embassy Business Hub is a 59-acre business park situated in North Bengaluru and is close to both the airport and Embassy REIT's flagship property [...]
GR Infraprojects Ltd on Tuesday said it has emerged as the lowest bidder for two NHAI projects worth Rs 1,613.84 crore. The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing. "Our company has emerged as an L1 bidder in a financial bid for the following tenders invited by [...]
Trident Limited, through a recent filing with BSE, provided an update regarding the company’s Employees Welfare Trust offloading equity shares in the company. As per data provided in the block deals section, the Trust sold 123,85,000 equity shares in Trident at a price of ₹25.75 per equity share which amounts to ₹31.89 crores. In the [...]
Housing prices rose 8-10 per cent in this fiscal year and may further increase by 5 per cent in 2023-24, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has revised the outlook on the residential real estate sector to neutral from improving for FY24. "The residential real estate market continued its upward [...]
Logistics aggregator Shiprocket on Tuesday said it has collaborated with global e-commerce platform eBay for cross-border shipping solutions to domestic SMEs. As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said [...]
