The hospitality industry is expected to grow by 7-9 per cent in FY25 and 6-8 per cent in FY26, over the high base of FY24, stated a report by ICRA. Further, pan-India premium hotel occupancy is estimated to improve to approximately 72-74 per cent in FY26 from around 70-72 per cent in FY25. The average
– By Anshul Garg As one of the world’s largest agri-economy, reducing trade deficits with era-appropriate measures has recently been one of India’s driving principles. With the objective of presenting India as one of the world’s food baskets, ensuring food security and penetrating new markets to sustain the push to profitability — the country has
Prime Minister Narendra Modi and US President Donald Trump met earlier last week in the White House amid tensions surrounding the US announcement of imposition of reciprocal tariff on trade partner countries to address “longstanding imbalances”. Per Nomura, the outcome of the bilateral meeting was in line with expectations, with near-term trade frictions likely to
Welspun Corp on Monday announced that it has received orders in the US worth Rs 3000 crore for natural gas pipeline projects. In a regulatory filing, the company said, “We are pleased to announce receipt of new orders in the USA including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued
Some of India’s leading law firms are making a beeline for the UAE in search of a pie in the $3.5-billion legal services market. The country, which has of late emerged as a gateway to the MENA (Middle East and North Africa) region, has positioned itself as a prominent financial and logistical centre for global
Venture capital firms are increasingly betting on smart home appliance market with startups like Beyond Appliances, Upliance, AroLeap, On2Cook, DrinkPrime, Aurm and Karban securing funding in recent months. For years, the adoption of smart home technologies— connected lighting, security systems and kitchen appliances — remained low in India compared to the US and China, where
Mukesh Ambani-led Reliance Industries Ltd and its partner BP Plc faced a setback when the Delhi High Court overturned an international arbitration tribunal’s ruling, which had previously exonerated the duo from paying compensation for gas allegedly migrated from adjoining fields. The court’s ruling comes after the government’s challenge to the arbitration award, which had dismissed
The government has dropped a plan to launch new production Linked Incentive (PLI) schemes, given that many of the existing ones are yet to produce satisfactory outcomes. However, it is likely to announce new incentive schemes for a clutch of industries, where India’s manufacturing competitiveness is seen to be long-hanging fruit. These incentives will, however
IBM is reportedly set to lay off up to 9,000 employees across various locations in the United States as part of a large-scale corporate restructuring. According to a report by The Register, a significant portion of the job cuts will impact the company’s Cloud Classic division, with nearly a quarter of its workforce facing redundancy.
Indian markets are likely to start on a positive note today, with early indicators from Gift Nifty pointing to a strong opening. In the previous session, the Sensex and Nifty extended their winning streak to six consecutive days. On Monday (March 24), the Sensex jumped 1,078.87 points or 1.40% to close at 77,984.38, while the
The stock market is never short of drama – some stocks soar to new heights, while others hit unexpected roadblocks. As a new trading day begins, all eyes are on key players making headlines. From expansion moves and high-stakes deals to leadership transitions and regulatory shift. Let’s take a closer look at the stocks that
Ace investor and one of the Warren Buffetts of India, Vijay Kedia recently said in an interview that he has seen a fundamental shift in the Indian Market’s behaviour, as now bull markets are lasting longer while bear markets are getting shorter. Kedia who has seen his portfolio lose over Rs 600 cr since the
The Competition Commission of India (CCI) has investigated 35 cartel cases in the last five years, minister of finance and corporate affairs Nirmala Sitharaman told the Lok Sabha on Monday. The minister said that a new mechanism, known as “lesser penalty plus” (LPP), was introduced last year that incentivises the disclosures of cartels. “The LPP
