CATEGORIES

Taj Hotel parent posts 37% rise in Q2 profit, revenue up 18%

The Indian Hotels Co. Ltd. which operates the Taj brand of hotels besides. SeleQtions, Vivanta and Ginger Hotels, reposted a consolidated net profit of ₹167 crore in the September quarter, up 37% from a year earlier. Its revenue grew 18% to 1,481 crore, while consolidated earnings before interest, taxes, depreciation and amortization (ebitda) was up 26% to ₹402 crore.

Swan pays ₹231 cr for Reliance Naval

Swan Energy Ltd, the successful resolution applicant through its SPV Hazel Infra has paid ₹231.42 crore towards the upfront payment for cash-strapped Reliance Naval & Engineering.

Cipla net soars 43% on growth in India, other key markets

The firm reported better performance in branded prescription and trade generics business

Jio, OneWeb aim for satellite broadband market in India

Jio, Vodafone seek auctions for airwave allocation, and Airtel wants non-auction allocation

The introvert's guide to hosting

There is joy in bringing people together. The real thing to guard against is the feeling of being overwhelmed, exhausted or overstimulated

Prep the most talked-about table

Bespoke catering for intimate gatherings focuses on clean eating, restaurant-style dining and a touch of drama for an unforgettable experience

Napa Valley's big little disruptor

In the perfectly ordered landscape of Napa Valley, the quirky Tank Garage winery is shaking up the status quo

DON'T SCRAP THAT PEEL, MAKE A DISH

Arina Suchde's 'NoWaste Kitchen Cookbook' offers practical suggestions and tips for a zerowaste food journey

Why not try no strings attached cash transfers?

Did you know that unconditional cash transfers giving money without strings are helpful? I ask this in full anticipation of hearing two kinds of hollow laughter. One, from people who know intuitively, or through life experience, the liberating impact of free money. Of course, free money will help you, they are bound to exclaim. Two, I expect hollow laughter from people who are coordinating it with eye-rolls at these methods of encouraging laziness.

Time to repeat that dress

Instead of applauding celebrities for repeating outfits, we should ask why they don't do it more often

The mixed zone: the rawest place in sport

Sport works at various speeds. It takes four-and-a-half seconds for Neeraj Chopra's javelin to fly takes four-and-a-half seconds for 88.88m in Hangzhou last month. Then it takes over 20 minutes for him to walk the roughly 30m of the media mixed zone. The TV guys are hogging him, the print guys are swearing, Chopra is smiling. He's a gentle hero with a word for everyone.

Adani May Raise $4 Bn For Green Hydrogen Production

Millionaire Gautam Adani's Adani Group is seeking to raise as much as $4 billion to help develop manufacturing plants that would produce low-cost green hydrogen, according to people familiar with the matter.

Shoppers go quiet, brands do a rethink

The global luxury goods industry is reassessing strategy as consumers skip loud logos and ostentatious branding

Multilingualism can be magical if it's error-free

New Delhi signboards with distorted street names may get a few laughs but they also signal a petty negligence of India's multilingual heritage-an asset that should not be trifled with

INSIDE THE SECRETS THAT PROPELLED ISRO

Behind its obvious technological achievements, the space organization was able to build a great people culture

As global conflicts rise, US-China tensions ease

Xi Jinping's govt has engaged with a flurry of US leaders since June

ONGC may get Venezuela dividend

India's Oil and Natural Gas Corp. hopes to recover over $500 million in dividends pending since 2014 for its stake in Venezuelan projects as sanctions on the nation were eased, a source said on Thursday.

Canara Bank Q2 net profit grows 43%

Canara Bank on Thursday reported a 43% rise in net profit to ₹3,606 crore during the September quarter on higher interest income and lower provisioning.

Tata Play, Nokia in JV for WiFi6 service

Finnish gear maker Nokia tied up with broadband services provider Tata Play Fiber to launch India's first WiFi6-ready broadband network, the companies said in a statement Thursday.

'India click-to-text ad revenue soars in Q2'

Meta Platforms on Thursday said advertisement revenue from its click-to-message ads in India across its social media and messaging platforms, including Facebook, Instagram and WhatsApp, has doubled during the September quarter.

'Pink' gin maker Samsara plans to enter new categories, mkts

Spaceman Spirits Lab Pvt. Ltd, the owner of the Samsara gin brand, which started operations in 2020-21, plans to expand by venturing into new categories, introducing variants, and extending its reach across the country.

ECB presses pause after barrage of hikes to tame prices

The European Central Bank (ECB) left interest rates unchanged for the first time in more than a year as it gauges whether an unprecedented series of hikes will succeed in subduing inflation.

US GDP expands at 4.9%

Forecasters expect cooling in the coming months as high rates, global risks weigh on economy

Asian Paints Q2 net profit up 54% despite flat sales

India’s largest paints maker, on Thursday reported a consolidated net profit of ₹1,205.4 crore for the fiscal second quarter (Q2 FY24), up 54% year-on-year (YoY) from ₹782.7 crore. Revenue rose 0.3% to ₹8,478.57 crore during the quarter ended September, it said in an exchange filing.

'Market slide will hit pricing of IPOs, but won't stop them'

The recent slide in the market for six consecutive days will affect the pricing at which new issues come to the market, but will not impact the decision of these companies to tap the opportunity, investment ban-kers and fund managers said.

Early FD closures now easier

The Reserve Bank of India (RBI) on Thursday increased the threshold above which banks can offer retail deposits without premature withdrawal facility to ₹1 crore from ₹15 lakh earlier.

PNB reports 327% jump in Q2 net profit

State-run lender Punjab National Bank (PNB) on Thursday said the growth in its personal loan portfolio was not a matter of concern for the bank as the non-performing assets in the segment remained extremely low while the size of the portfolio itself was small.

For TechM, no turnaround in sight

Tech Mahindra Ltd’s investors have to sit tight; maybe tighter than those betting on other top large-cap technology stocks.

SaaS firm Shipsy buys startup

A 91 Partners-backed Shipsy, a software-as-aA service (SaaS) logistics platform, has bought Bengaluru-based startup Stockone in a cash-and-stock deal, a top executive told VCCircle.

Ola Electric raises ₹3,200 cr

Temasek is pumping in around $90 mn while others-mostly family offices-will contribute the remaining sum