CATEGORIES

Jabil to invest ₹1K cr for setting up electronics unit in Gujarat

The Gujarat government on Thursday signed a memorandum of understanding (MoU) with leading electronics manufacturing services (EMS) company Jabil to set up its EMS unit with ₹1,000 crore investment in Dholera Special Investment Region (DSIR).

'India pipeline significant, we will double it in next three-five years'

InterContinental Hotels Group (IHG) plans to double its portfolio in India due to increased demand and government support. HAITHAM MATTAR, managing director of India, Middle East and Africa, and SUDEEP JAIN, managing director, South West Asia, IHG Hotels and Resorts, in an interview with Roshni Shekhar in Mumbai shed light on their growth plan in India and expansion of the group's revenue stream. Currently, IHG has 46 hotels in India and 58 are in the pipeline. Globally, it has over 6,300 open hotels in over 100 countries, and more than 2,000 are in the development pipeline. Edited excerpts:

Black Box eyes $2 bn revenue in four years

Digital infrastructure firm Black Box is setting its sights on attaining a $2 billion revenue target by financial year 2028 (FY28) as it capitalises on surging demand for data centres, AI-driven infrastructure, and digital connectivity solutions.

Expect subscriber losses to reverse soon, says Vi CEO

Vodafone Idea (Vi) expects the ongoing spate of subscriber loss due to the tariff hike to reverse soon, and it continues to upgrade key network infrastructure to ramp up 4G connectivity, CEO Akshaya Moondra said on Thursday.

Samsung loses ground to Apple in premium smartphone mkt

Samsung is losing the race in India's premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts.

Hyderabad's future in its past

It is a truth universally acknowledged that if one passes by the Cyber Towers in Hyderabad, one is bound to look back at it for another glance for its sheer beauty and design—more so after sundown when it glimmers with lights.

A growing Union-state power imbalance

The exercise of legislative power by statutory regulatory authorities undermines federalism and needs to be corrected

Time to assess impact of procurement reforms

The first 15 years of this century witnessed rising decibels of protests from Indian industry about two specific issues in doing business with the government - hugely delayed payments and the infirmities embedded in the L-1 (lowest bidder) method of selection.

Trump trade wars

Effects on global growth and trade dynamics will be substantial

Modest means

Local bodies must be strengthened

Saudi Arabia prioritises sports for NEOM plans as costs balloon

Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden departure of the project's longtime CEO.

EU fines Meta $841 million over 'unfair' ad practices

Meta Platforms Inc was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant's first ever penalty for EU antitrust violations.

Crypto industry lobbies Trump and allies to capitalize on election wins

A cryptocurrency enthusiast as chair of the Securities and Exchange Commission. A presidential committee stacked with industry loyalists. And legislation to let crypto companies operate freely in the United States.

Poor nations need $1 trn a year to go green

Any deal is likely to be hard fought given reluctance among many western govts

The 'many firsts' in tribal-welfare initiatives in India

After centuries of systemic neglect and exclusion, the tribal population in India is gradually moving beyond the margins of society.

RPower gets SECI showcause over 'fake bank documents'

Agency may weigh criminal proceedings against Anil Ambani-owned firm

Local rural bodies should raise own funds: Panagariya

Local rural bodies must raise some resources of their own, not only for financing needs but also to strengthen the participation of citizens, Arvind Panagariya, Chairman of the 16th Finance Commission, said on Thursday.

Maharashtra poll race hots up as BJP, Congress trade barbs

The Bharatiya Janata Party, led by Prime Minister Narendra Modi, and the Congress, led by leader of Opposition in the Lok Sabha Rahul Gandhi, traded barbs on Thursday while addressing rallies in the state ahead of the elections on November 20.

Deposit growth equals credit in Nov 1 fortnight

After edging past credit growth for the first time in 30 months in the fortnight ended October 18, deposit growth was almost on a par with credit growth in the fortnight ended November 1, with credit growing by 11.9 per cent and deposit growing by 11.83 per cent year-on-year (Y-o-Y), according to the latest data released by the Reserve Bank of India (RBI).

Use of food inflation in setting rate flawed; RBI should slash it: Goyal

Union Commerce Minister Piyush Goyal on Thursday said the Reserve Bank of India (RBI) should cut interest rates to give an impetus to growth.

Exchange rate is market-driven: Das

Central bank is working on issuing guidelines related to expected credit loss, says RBI governor

Qcom a challenge to retailers: Uday Kotak

Financial services industry veteran Uday Kotak (pictured) on Thursday said the successful quick commerce (qcom) trade posed a challenge to retailers and would become a political issue.

Grap III curbs imposed in Delhi-NCR

With pollution reaching alarming levels, the central pollution watchdog imposed restrictions under the third stage of the Grap in Delhi-NCR on Thursday, including a ban on construction and demolition activities.

Passenger on IndiGo flight held for hoax bomb info

An IndiGo flight from Nagpur to Kolkata with 187 passengers on board was forced to make an emergency landing at the Raipur airport on Thursday morning after one of the passengers told the crew there was a \"bomb\" on the aircraft, officials said.

Small savings mopup may not exceed BE

Shift to new tax regime, steady rates affect collections

Focus on 'unicornism' in India overhyped: Rishad

Wipro Executive Chairman Rishad Premji on Thursday said that the whole focus on \"unicornism\" in the country is \"overhyped\" and being celebrated too much.

°India-US trade not hit by regime changes,

India's economic integration with the US has been growing for more than two decades now, irrespective of the regime in America, Commerce Secretary Sunil Barthwal said on Thursday.

Food prices push WPI inflation to 4-mth high in Oct

Hits 2.36% due to surge in vegetable costs

US crude production may rise and ease prices: Puri

Govt looks to get Oilfield Amendment Bill passed in Winter Session

India's pollution level soars as does fossil fuel use, climate fight gets tougher

Even as the talk of the undying smog in northern India finds reverberations in the vast, cold corridors of the Olympic stadium in Baku, a major fossil-fuel producer and host of the 29th edition of the annual United Nations climate-change summit, two critical reports, released on the sidelines of COP 29, reflect India's growth conundrum.