Leveraging the growing tourism boom, the Tata Group-controlled Indian Hotels Company (IHCL) is set to double its hotel inventory, launch new brands, and invest Rs 5,000 crore over the next five years. IHCL currently controls 12-13% of the branded hotel room inventory in the country, a figure expected to rise to 23% by 2030. From
RMZ, a privately-owned global alternative asset firm, through its arm RMZ Digital Infrastructure Partners (RDIP), has formed a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to enter the digital infrastructure market. The two companies will invest $1.7 billion to expand Colt’s data centre capacity. The initial focus
As many as 74% of corporates expected the government to adopt the SAF-T (standard audit file for tax) system for “near real-time reporting and compliance monitoring” to ensure uniformity with international standards and move towards a more efficient and faster audit process, a survey by Deloitte showed. Also ReadBirla Opus Paints unveils its 4th factory
Meta on Tuesday said that it disagrees with the Rs 213 crore fine levied on it by the Competition Commission of India for abuse of its dominant position, and will appeal against the order. The penalty pertains to the controversial implementation of WhatsApp’s 2021 privacy policy, which mandated data sharing between WhatsApp and other Meta
Suzlon Energy’s revenue rose 48% on a yearly basis to Rs 2,103 crore in Q2FY25 and its net profit almost doubled to Rs 200 crore. The company had an order book of 5.1 GW—its biggest ever. JP Chalasani, chief executive officer, Suzlon Group, talks to Raghavendra Kamath about the company’s plans and the issues in
The Adani Group will acquire a 30% stake in Gujarat-based construction company PSP Projects from its promoters for Rs 685 crore. Adani Infra, part of the Gautam Adani-led conglomerate, will purchase the stake from Prahladbhai S Patel, who heads PSP Projects and is its shareholder. Also ReadUK-India Free Trade Agreement to relaunch in early 2025:
American tech giant Meta may find it tough to get interim relief against the Competition Commission of India’s (CCI’s) Rs 213-crore penalty on it for its alleged abuse of the dominant position of its messaging app WhatsApp, according to competition law experts. “It would not be easy for the appeal court to disagree with the
The topmost priority of NTPC Green Energy Ltd after its listing will be to scale up renewable energy capacity in a phased manner to 19 giga watt (GW) by 2026-27 at an estimated investment of Rs 1 lakh crore, Gurdeep Singh, chairman and managing director of its parent company NTPC Ltd said on Tuesday. The
Belated ITR Filing 2024-25: The extended deadline for filing belated income tax returns or submitting revised returns for the assessment year 2024-25 is quickly approaching. The final date for submission is just a week away, on January 15, 2025. Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing belated or
Secured credit cards are a viable solution for people with poor or no credit history. These cards help build or repair credit scores over time. Here’s a detailed look at secured credit cards available in India, focusing on their benefits, eligibility criteria, and key features. So, what exactly is a secured credit card? A secured
Foodtech major Swiggy on Thursday announced that Swiggy Instamart has expanded to 76 cities across the nation, and the platform will soon also be available as a standalone app. As one of Swiggy’s flagship services, Instamart will continue to be accessible via Swiggy’s unified platform, where it has delivered rapid growth in the past year
With the quarter earnings season already on and IT giant Tata Consultancy Services (TCS) all set to announce its Q3 results today, while investors and market participants are hooked on the numbers to be released in the coming days, India Inc is already releasing its business updates numbers. During the third quarter, Elara Securities stated
Sat Kartar Shopping, an Ayurveda healthcare company, is set to open its public offering tomorrow, January 10, 2025. As the IPO goes live, here are the key details of the issue, including the price range, investment requirements, and important dates that potential investors should know. Sat Kartar Shopping IPO: GMP In the grey market, an
