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Reliance Power arm gets interim relief from HC against SECI order

The Delhi High Court has granted interim relief to Reliance Power’s subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner. On November 26, the HC had granted

EatSure becomes first platform to launch multi-restaurant ordering

EatSure, the D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order. With this, the firm has become the first food delivery app in India to do so.  Swiggy and Zomato, which corner the lion’s share of India’s

ACME Solar secures Rs 1998 crore financing from Power Finance Corporation

ACME Renewtech Private Limited, a subsidiary of Acme Solar Holdings Limited, on Thursday announced that it has successfully secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project, it added, will be located in high-resource

One bite at a time: India’s love for Biryani triumphs with 83 million orders on Swiggy in 2024

India once again proved that it’s a country that finds ‘happiness in food’ and according to food-delivery company Swiggy’s year-end report for 2024, Biryani remained the hot favourite for consumers this year as well. The food-delivery major released the 9th edition of ‘How India Swiggy’d’ and per the findings, Biryani remained the most-ordered dish, with

Hospitable growth: Branded hotels to log double-digit revenue growth this fiscal and next on demand surge

Branded hotels are expected to post double-digit revenue growth of 13-14 per cent this fiscal and 11-12 per cent in the next, stated a report by CRISIL Ratings. This, it added, will be fuelled by demand outpacing supply. While domestic leisure and business travel will continue to be the primary demand drivers, growing traction in

‘Economics of green hydrogen is very daunting’

US-based Dastur Energy, which collaborated with the government on carbon capture, utilisation, and storage, is focusing on industrial decarbonisation, renewable energy integration, and clean fossil fuel utilisation as its key growth areas. In an interview with Raghavendra Kamath, Atanu Mukherjee, CEO and president of the company, discusses the opportunities in decarbonisation in India and emerging

The q-commerce sector: Quick, quicker, quickest…

Speed thrills, and how. Just six months ago, the opportunity for quick commerce was estimated at $30 billion by 2030, up from $6 billion in 2024. That has now been raised to $40 billion. The catchment, which was not so long ago estimated at about 25-30 million households spending nearly Rs 4,000-5,000 a month, has

A middle-class meltdown

Once the backbone of domestic consumption, India’s middle class, which represents 31% of its population, is cutting back sharply on daily and discretionary expenditure. The warning bells were first sounded by Nestle India’s chairman and MD Suresh Narayanan, a company best-known for its brand of noodles (Maggi), instant coffee (Nescafe) and chocolates (KitKat) among other
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Parliamentary panel to review stakeholder comments on new I-T Bill

The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of

Market recovery or false dawn? Experts debate sustainability

After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While

Bajaj Finserv to explore listing of insurance firms

After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the

Price collusion: CCI raids ad giants, broadcasters’ body

The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition

Bulls return to D-Street: Markets surge as global indices gain

After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in