India is stepping up efforts to extract more rare earth elements (REEs) from mining waste, especially from coal mine overburden (byproducts and waste), government sources told CNBC TV18. The expanded exploration is aimed at making better use of resources in open-cast mines. These enhanced exploration, the report added, will cover not just overburden from existing
Mahindra Holidays & Resorts India has disclosed in a regulatory filing that they have received a tax demand notice of over Rs 363 crore. The notice was issued by Anna Salai, who is the state tax officer at the Central Board of Indirect Taxes and Customs, Chennai. The company received a show-cause notice from the authority
The luxury hospitality sector seems to be experiencing an unprecedented boom, with EIH, which operates the Oberoi and Trident hotels, reporting its best-ever financial performance in FY25. Riding on a steady rise in demand for premium stays, the company’s income per available room surged 70% in the last two years, touching nearly Rs 21,000 a
The street is readying for the Q1 earnings, and all eyes are on how the new financial year kickstarted for corporate India after the blockbuster Q4. In fact, the earnings performance in Q4 exceeded popular expectations by a wide margin. The fourth quarter earnings growth bordered around the 10% level as opposed to earlier estimates
Amazon India is gearing up for a higher penetration in the interior of India as it opens new fulfillment centres in the tier-2 cities. On Thursday, the company said that it has launched 5 new fulfillment centres in India, with 4 located in tier-2 cities, Indore, Bhubaneshwar, Kochi, and Rajpura (Punjab). While the global e-commerce
In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total
Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India
Despite achieving profitability at the store level, Tata Starbucks—the 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and Starbucks—is grappling with rising losses driven by rapid expansion, said a top executive from Tata Group. While addressing shareholders at the company’s 62nd Annual General Meeting, PB Balaji, Group CFO of Tata Motors and non-executive director
What would you do if you were fired today? Would you spiral into panic or pause in relief? In a raw and unnervingly honest Reddit post, a 36-year-old man from North Delhi lays bare his financial life after getting fired. But this isn’t a sob story. It’s something more jarring: a confession, an audit of
E-commerce giant Flipkart has rolled out a new liquidity event for eligible employees holding vested stock options. Employees who were with the company between July 6, 2022, and July 5, 2025, will have the option to sell up to 5% of their vested ESOPs, according to an internal email to staff from CEO Kalyan Krishnamurthy.
Gold investors are experiencing a strong bull run, vindicating their strong belief in the yellow metal. The performance of gold over the last ten years has been staggering, and long-term investors in gold have made a good profit. But, wait. Gold has never been a popular investment option for most retail investors. A chunk of
The recent changes made by the government in the Employees’ Provident Fund (EPF) rules have come as a big relief, especially for salaried people who want to buy a house for the first time but have been finding it difficult to arrange for the down payment. Now, employees will be able to withdraw money from
Hindustan Unilever (HUL) has named Priya Nair as its next Chief Executive Officer and Managing Director. Her appointment marks a significant milestone in the company’s history, as no woman has held the top post at HUL before. She will take charge on August 1, replacing Rohit Jawa, who is stepping down on July 31. Jawa
