CATEGORIES

Cygnett eyes ₹300 cr in FY25 sales, to open 15 hotels next yr

Cygnett Hotels & Resorts aims to close FY25 with ₹300 crore gross revenues, driven by new management contracts, founder and managing director Sarbendra Sarkar said.

UBL suspends beer supply to Telangana over price row

The beer maker cited frozen prices, unpaid dues and 40% rise in production costs since 2019

Agarwal buys iconic Riverside studio

The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday.

Sebi Should Study Sahara's Versova Land Proposals: SC

The apex court asked Sebi to study proposals by Oberoi Realty and Valor Realty for developing the 106-acre land

Sebi warns Ola over disclosures

Sebi letter is the latest regulatory scrutiny on Ola Electric following a government agency probe into service standards

Sebi tightens rules for advisers, analysts

The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors.

New RBI chief faces calls to unshackle rupee as dollar rises

India's new central bank head faces a tough decision on managing the rupee's exchange rate—focus on squeezing volatility like his predecessor did, or respond to calls for more flexibility as the dollar continues to surge.

Govt considers lifting ban on trade in seven crop futures

The government is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

Fashion biz and margins Nykaa's weak spots, beauty shines

In its December quarter (Q3FY25) update, Nykaa's parent FSN E-Commerce Ventures Ltd said its beauty and personal care (BPC) segment remains the key growth driver, while muted demand in its fashion business continues to weigh on momentum.

Defence stocks get reality check

The Cabinet Committee of Security's latest approval for orders worth ₹21,100 crore is seen as a boost for defence companies such as Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL) and Larsen and Toubro Ltd (L&T).

Rupee falls 17p to a new low of 85.91 against US dollar

The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.

Target Global Chip Shifts, Not Self-Sufficiency: Chris Miller

The Chip War author batted for strategic focus on diversification of global tech innovation

Avendus launches third pvt credit fund

The asset management arm of Avendus Group, Avendus PE Investment Advisors, on Wednesday launched its third private credit investment vehicle targeting to raise more than double the capital secured for the last vehicle, with the first close expected next month, VCCircle has gathered.

India Eyes Intra-State Linking of Rivers to Combat Drought and Floods

India's water crisis is a tale of extremes—while some regions battle floods, others face parching droughts.

Gold import revision trims Nov's record trade deficit by $5 billion

India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.

Why farm growth held up as other key sectors slowed down

India's farm economy, which employs nearly half the population, is forecast to outperform other key sectors during 2024-25, but the expansion is partly due to a so-called base effect, analysts said on Wednesday, a day after the release of full-year official estimates of gross domestic product (GDP) growth.

PMO Working on Blueprint to Industrialize North India

The govt is focusing on bridging the North-South divide by pushing investment in the North

India to simplify tax filing rules in budget

The government plans to simplify income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.

Sovereign green bonds face rupee hurdle in Gift City

Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the West.

Social-media firms decide content moderation is trending down

Social-media companies never wanted to aggressively police content on their platforms. Now, they are deciding they don't have to anymore.

Allcargo Appoints Avendus To Sell Up To 40% Stake In Gati

Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd, which it acquired nearly five years ago, two people aware of the development said.

India Inc. focuses on core areas with exits, buyouts

Many companies which diversified into unrelated areas are taking the exit route

Extra China capacity hurts Indian private investments

The surplus manufacturing capacity in China is a major factor behind the subdued investments by the Indian industry, said Confederation of Indian Industry (CII) president Sanjiv Puri.

Kick off the new year with fresh games

Despite a typical slow pace, Jan 2025 features several new game releases

CES 2025: What lies ahead in tech this year

Beyond the Al revolution, consumer tech's biggest focus is on making technology more accessible for everyone in all situations

A flagship to challenge most top smartphones in 2025

The vivo X200 Pro may emerge as the camera phone to beat in 2025. What else does the flagship have going for it?

Most favoured interpretations can prove unfavourable

India's stance on Switzerland's MFN status in a Nestle tax dispute has had adverse consequences

Monetary policy should lead the easing cycle our economy needs

Weak demand in the economy needs a response but budget tightening would mean the central bank must look for easing space

Elon Musk and His Critics Are Wrong About Free Speech on X

Both sides of this divide must read the US First Amendment again

Revision of the inflation gauge: Handle with care

India's consumer price index should be revised on the basis of the latest survey of household consumption expenditure, but with nuances of the country's situation kept well in mind