CATEGORIES

Rising demand drives hotel expansion plans

India’s largest hotel chains are rapidly expanding their portfolios amid record-high room rates.

After Harley, Bajaj-Triumph trains guns on Royal Enfield

Bajaj Auto and British luxury motorcycle brand Triumph on Wednesday launched their maiden offerings with two 400cc modern classics, strategically designed to woo the Indian youth.

Peak season past, spot airfares soften

Spot airfares witnessed a significant fall compared to levels seen in the June quarter. Heavy-traffic routes, in particular, have witnessed an average decline of 50%, as demand waned following the peak summer season, according to data accessed by Mint.

Maruti rolls out its costliest product Invicto at ₹24.79L

Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date.

RBI panel sets global road map for rupee

A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket.

Investment banking fees defy weak M&As

Investment banking fees in India rose 17% from a year earlier in the first half of calendar 2023 even as the number of mergers and acquisitions deals fell during the period.

Multiples PE leads ₹1,200 cr funding in Veritas Finance

The deal comprised a primary issue of 400 crore and gave a partial exit to early investors

Wind turbines may see new quality rules

India is looking to tighten wind turbines standards and the ministry of new and renewable energy is likely to announce a quality control order (QCO) soon, people in the know said. The standards will be aimed at meeting the requirements for various equipment used in wind turbines, ranging from gears to blades.

Increase in number of live organ transplants raises alarm

The union health ministry has directed all states and union territories to furnish the latest and timely records of transplants of organs from living persons after data reported by their licensing authorities set alarm bells ringing.

June services PMI hits 3-mth low, still in expansion zone

India's services sector contracted to a three-month low in June but remained buoyant amid strong demand, a private survey said on Wednesday.

Byju's shareholders clamour for clarity on funds at EGM

Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO).

Crypto's Dream Of Embrace By China Gets A Cruel Reality Check

A nation may be about to loosen a ban on digital-asset trading. Industry executives including Circle Internet Financial Ltd chief executive Jeremy Allaire have seized on Beijing's quiet backing of Hong Kong's push to become a crypto hub to argue that the mainland may reverse its policy.

How SEBI's Norms For Enhanced Disclosures Promote Better Governance

Making timely and adequate disclosure to stakeholders is one of the basic tenets of good corporate governance. When disclosures are delayed or inadequate, information asymmetry and there are chances of market abuse.

England should stop whining about the 'spirit of cricket'

The needless controversy in the second Ashes Test is the result of England's selective use of the moral high ground

Neeraj Chopra's non-stop quest for perfection

Olympics hero Chopra may have made winning a habit, but the world No. 1 is quietly determined to get even better at javelin

Nike needs to bounce back as its big sneaker bubble bursts

Nike's pandemic sales got deflated to reveal a loss of brand agility

If the consumption of tobacco is not okay, India should just ban it

The government's new online content guidelines are far too stiff and will prove costly-a big pity if it's just health tokenism

Earnings should rise for durably dearer shares

Bets on US capital costs could go wrong and hit foreign portfolio investors that have driven up Indian indices. Equity values should track corporate earnings rather than policy shifts

INSIDE THE NIGHTMARISH ETHICS BREACH AT TCS

The story of how greed undermined processes at a company with world-class governance

Google hires Reddy as India policy head

Alphabet Inc's Google is set to appoint a manufacturing and policy veteran as its top government affairs executive in India to tackle legal challenges and expand hardware assembly to the country.

Adani Green to consider fund-raise

Adani Green Energy Ltd (AGEL), a Adani Group renewable energy company said that its board would consider a proposal on 6 July to raise funds by way of issuance of equity shares or any other eligible securities.

Beijing jabs in US-China tech fight with chip material export curbs

Companies caught out by China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to secure supplies on Tuesday as some industry suppliers worried that curbs on rare earth exports could follow.

US may restrict China's access to cloud to guard technology

The proposal, aimed at closing loophole in chip export controls, could escalate tit-for-tat fight with Beijing

Bollywood struggles to overcome post-pandemic slump at box office

Bollywood continues to languish despite cinemas operating at full capacity for more than a year now after the lifting of pandemic-induced curbs with film business in the Hindi-speaking market nearly 40% less than the pre-covid levels.

H&M India bets on omnichannel model to expand footprint

H & M, the Swedish fast-fashion retailer, is set to expand its presence in India by opening six more stores and enter three cities by the end of 2023, besides focusing on boosting its online sales, said a top company executive.

Carl Zeiss plans biggest lens factory in India for €250 mn

The capacity for 260,000 Carl Zeiss lenses a day, is six times what the firm produces today

Asia Health plans new specialty in FY24

TPG-backed healthcare platform Asia Healthcare Holdings (AHH) is planning to expand its healthcare offerings by incorporating a new specialty in the current financial year, according to executive chairman Vishal Bali. AHH owns Nova IVF (in-vitro fertilization clinics) and Motherhood Hospitals,

Sembcorp eyes ReNew's green energy projects

ReNew Energy's 1.1GW projects have estimated enterprise value of $1.2 bn

GIC, Genus Power to invest $2 bn in India smart meters

Singapore's sovereign wealth fund GIC and Genus Power Infrastructures Ltd will jointly invest $2 billion to build a smart metering platform in India underscoring burgeoning interest in this space among investors seeking to tap the Indian government's ambitious plans for smart metering.

Everstone eyes $61 mn for Subway expansion

F&B platform Culinary Brands is in advanced talks with several PE firms