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ITC announces January 1, 2025 as effective date for demerger of its hotel business

ITC Ltd on Tuesday announced that the company has fixed January 1, 2025 as the effective date for demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT). In a regulatory filing, the company informed that it has received an order from NCLT sanctioning the agreement.  Earlier in October

What led to drop in Ambani, Adani’s net worth slipping below $100 billion – A look at how 2024 panned out for two of...

Mukesh Ambani, Gautam Adani exit $100 billion club: With various business challenges looming over two of the biggest conglomerates in India – Adani Group and Reliance Industries, the country’s wealthiest billionaires and among Asia’s richest people, Reliance CMD Mukesh Ambani and Adani Group Chairman Gautam Adani, have both dropped out of the Bloomberg’s $100 billion

India to end 2024 with record office space leasing activity: Report

India’s office leasing market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83–85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday. The growth is primarily attributed to strong demand from sectors such as IT-BPM (information Technology

Big plans for India! Lubrizol- a Berkshire Hathaway firm to double business in 5 years, hire 250 more

Lubrizol Corporation, a Berkshire Hathaway company and a specialty chemical firm has big plans for India. Close on the heels of its $350 million investment in the country, the company specialising in delivering sustainable solutions aims to double its business in India over the next five years and actively expanding its global capability center in

HC dismisses plea against power contract to Adani; imposes Rs 50,000 cost on petitioner

The Bombay High Court on Monday dismissed a petition challenging a contract awarded by the Maharashtra government to Adani Group for supply of renewable and thermal power electricity, noting the plea was “unsubstantiated and reckless”. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar also imposed a cost of Rs 50,000

Sterlite Power raises Rs 725 crore from GEF Capital, ENAM Holdings

Sterlite Power on Monday said it has raised Rs 725 crore in a primary fundraising round from GEF Capital Partners and ENAM Holdings. As part of Sterlite Power’s demerger exercise, the Global Products and Solutions (GPS) business was hived out as an independent company in October 2024, a company statement said. Also ReadGoogle appoints Preeti

Google appoints Preeti Lobana as new Country Manager and Vice President for India

Google has appointed Preeti Lobana as the new Country Manager and Vice President for India. Lobana takes over from Sanjay Gupta, who has been promoted to President of the Asia Pacific region at Google. This move is part of Google’s strategy to further enhance its presence in India’s rapidly growing digital economy and leverage the

Waaree Energies receives two projects aggregating 398 MW to supply solar modules

Waaree Energies on Monday announced that the company has received two projects aggregating 398 MW, for the supply of solar modules. The orders are for projects of 249 MW and 149 MW respectively.  In a regulatory filing, Waaree Energies said, “The company has today received orders for 2 projects aggregating 398 MW, for the supply
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Should you withdraw or reinvest your matured investments?

When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and

Starlink’s India entry a challenge for telecom Majors? Key factors to watch…

With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite

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Wipro plummets 13% in 2025: 4 key factors to watch amidst restructuring of global business

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Infosys has plunged 16% in 2025: 5 key factors investors need to know ahead of Q4 earnings

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