India’s tourism and hospitality sector is poised for a significant expansion, with the potential to generate 61 lakh new jobs by 2034, according to a new whitepaper released by the Confederation of Indian Industry (CII) and EY. Titled “Reimagining Workforce Horizons: Employment Landscape in Tourism and Hospitality in India,” the report was unveiled at the 18th Annual
The stock market closed on a downbeat note on Wednesday (December 18), as both the headline indices, Sensex and Nifty saw notable declines. The benchmark Sensex settled at 80,182.20, marking a loss of 0.62 per cent, while the NSE Nifty ended at 24,208.30, down by 0.52 per cent. In a similar trend, the Nifty Bank
The Rs 1,600-crore Ventive Hospitality IPO price band has been fixed at Rs 610-643 per share, with a face value of Rs 1 each. The issue opens on December 20 and closes on December 24. It consists entirely of a new issue. Pune-based Ventive Hospitality is a joint venture between the Panchshil Group and Blackstone
Supreme Facility Management, a SME IPO made its debut on the NSE Emerge platform on Wednesday (December 18) marking a flat listing with the shares opening at Rs 75, a slight 1.33 per cent discount from the issue price of Rs 76. As of 11:50 AM IST, the shares of the company were trading at
Ola Consumer has begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network. The service is currently available via the Ola Cabs app’s food delivery section in select areas of the city. The company plans a nationwide rollout in the coming weeks, pending pilot results.
With the slow start to the winter, consumer durables and electrical companies have reported a sluggish demand for winter products like geysers and room heaters in November, post the festive season of Diwali. Lower demand has been attributed to weak demand particularly from the northern region where temperatures continued to be higher than normal. Moreover
Domestic shipping companies are expected to continue to see a declining trend in revenue growth with an on-year dip of 8-10 per cent in fiscal 2026, stated a report by CRISIL Ratings. This, it added, will be on account of softening of charter rates — for crude oil and petroleum products amid stagnant demand, and
By Ajit Mishra The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. The benchmark indices remained in a tight range throughout most of the week but managed to close firmly on the final day despite significant volatility. Favorable macroeconomic data, including lower CPI inflation and improved
8th Pay Commission: The salary structure for central government employees in India has evolved significantly over the years — from Rs 55 per month in 1946 to Rs 18,000 per month currently. Various pay panels recommended salary and pension hikes periodically, taking into consideration various economic factors from time to time. Each Pay Commission aimed
Tax-Saver Fixed Deposits (FDs), Equity Linked Saving Schemes (ELSS), and the National Savings Certificate (NSC) are among the most popular tax-saving investment options under Section 80C of the Income Tax Act, 1961. Assesses opting for the Old Tax Regime can claim deductions of up to Rs 1.50 lakh on these investments, making them an essential part of
The government has invited applications for the position of chairperson at the Insurance Regulatory and Development Authority of India (IRDAI) as the tenure of the current chairman, Debasish Panda, will conclude on March 13, 2025. The deadline for the submission of applications is April 6, per the notification from the Department of Financial Services, Ministry
The cement industry will look at a robust revival in 2025 with expectations of improvement in sales realisation, higher margins and acceleration in demand. Most brokerage reports indicate that pent-up demand, renewed capex pus, and sustained momentum in the housing sector are going to drive up demand. The fact that cement prices too are holding
The difficulties for Bhavish Aggarwal seem to be growing as he expands stores. Ola Electric’s share price plunged 4.4% intra-day to Rs 54.03. This is after the company came under scrutiny over reportedly not having a trade certificate for dealerships. Ola Electric’s dealership stores were raided by transport authorities across different states, showrooms were closed
