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Avaada plans to raise $1 bn to fund green projects

Avaada Group is looking to raise $1 billion (over Rs 8,400 crore) in debt by March next year to fund its projects. “We will raise this debt to fund wind, solar and other projects. We have already raised equity,” chairman Vineet Mittal told FE. The group has an operational capacity of over 4 gigawatt (GW)

What’s brewing at Starbucks? Worker strikes spread across US stores – Here’s why

Starbucks workers’ union, representing more than 10,000 baristas, initiated a five-day strike on Friday, citing unresolved issues related to wages, staffing, and schedules. Initially impacting Starbucks stores in Los Angeles, Chicago, and Seattle, the strike is now expanding to Columbus, Denver, and Pittsburgh. The union, Workers United, plans to escalate the walkouts, potentially involving “hundreds

2025 could set new records in luxury realty

Luxury sells. And, the capital leads in lapping it up. With this month’s landmark deal of a flat in Gurugram’s DLF Camellias for Rs 190 crore, luxury real estate in Delhi-NCR is on a new high. Among the top seven cities in India, Delhi-NCR stood out with a remarkable 64% share of luxury residential launches

Hamdard: True Companion of Those in Pain

By Farooq Wani A commitment to giving back to society with a charitable and compassionate spirit has been at the core of the business model adopted and followed by the Delhi-based Hamdard Laboratories India during its 118 years of existence.  Hamdard originates from two Persian words – “Hum”, meaning “companion”, and “Dard” meaning “pain” –

Accenture’s Q1 earnings signal turnaround for IT firms amid market challenges

Global IT services leader Accenture’s Q1 FY25 results and upgraded revenue guidance have emerged as a confidence booster for the Indian IT sector. Analysts view the performance as a positive signal for an industry navigating muted demand and cautious client spending. Accenture revised its FY25 annual revenue growth projection to 4–7%, up from 3–6%, citing

India raises issue of non-tariff barriers with EU

India has said that the non-tariff barriers are impeding trade with the European Union and has called for addressing the long-pending issues as a confidence building measure. The issue of the barriers Indian exports face in the EU was raised by Commerce and Industry Minister Piyush Goyal in his meeting with European Commissioner for Trade

CPSE net profits up 47 per cent in FY24

After a 15% decline in aggregate net profit in FY23, the Central Public Sector Enterprises (CPSEs) posted a robust 47% annual growth in net profit in FY24, thanks to a surge in profits of petroleum sector firms. The operating CPSEs, totalling 272, reported an aggregate net profit of Rs 3.22 lakh crore in FY24 compared

Devyani International performance in H2 likely to be similar as H1

The performance of Devyani International in the second half of FY25 is expected to mirror the first half due to persistent high food inflation and intense competition in the quick-service restaurant (QSR) segment, analysts say. A report by Motilal Oswal Financial Services (MOFSL) highlighted that the company is focused on optimising costs to improve restaurant
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Buying vs Renting: Capital appreciation outpaces rental gains in major markets

The answer to the ‘rent or buy’ question keeps changing as the Indian housing market evolves. Latest ANAROCK data finds that capital values in key micro markets of the top 7 cities have grown by a significant 128% between 2021-end and 2024-end, while rental values in many micro markets have appreciated less than the overall

Top 5 SBI mutual funds with up to 30% annualised returns in 3 years

Mutual fund investors have seen massive erosion in their portfolio valuations over the last 6 months amid one of the longest corrections in the Indian equity market. So amidst all this, if you are thinking of investing, it is very important to focus on mid- to long-term returns also while choosing a fund because short-term

Warren Buffett’s Berkshire Hathaway raises stakes in five Japanese trading houses to near 10%

Warren Buffett’s Berkshire Hathaway raised its holdings in five Japanese trading houses, regulatory filings showed on Monday, in the U.S. conglomerate’s latest investments in Japan’s top commodity firms that began nearly five years ago. Berkshire’s stake in Mitsui & Co rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp, Sumitomo Corp, Itochu and

SpiceJet founder Ajay Singh to infuse Rs 294 crore into airline through promoter group entity

SpiceJet on Monday (March 17) announced that its founder, Ajay Singh, will inject Rs 294 crore into the airline through a promoter group entity by converting warrants into equity shares. This move will increase the promoter group’s stake in the airline from 29.11 per cent to 33.47 per cent. Singh, who also serves as the

Swiggy Instamart expands to 100 cities across India, adds 32 new markets in 2025

Foodtech major Swiggy on Monday announced that its quick commerce platform Swiggy Instamart has expanded to 100 cities nationwide. In a regulatory filing, the company said that the expansion comes in the backdrop of the growing demand for 10- minute deliveries, particularly in tier 2 and 3 cities. During the previous month, Swiggy Instamart launched