India's luxury car rental market is experiencing a surge in demand, particularly in Tier 1 cities such as Mumbai, Bangalore, and Delhi, with executive travellers, especially from the tech sector and younger demographics like the millennials and the Gen Z, increasingly renting high-end vehicles for special occasions and domestic travel. Luxorides, a luxury car rental company, observed a 40 per cent year-on-year rise in bookings in 2024 (until April) on popular routes like Delhi-Rishikesh, Delhi-Vrindavan, and Delhi-Jim Corbett National Park, as well as Chandigarh-Manali and Chandigarh-Ladakh.
A total of 121 people, mostly women, died in the stampede at self-styled godman Baba Bhole's satsang in Hathras on Tuesday.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
International oil prices retreated from an over seven-year high but was still above $100 a barrel and continue to pose threat to India's inflation rate and current account deficit. While there are no supply concerns as the oil route remained open, consumers will feel the pinch when PSU oil firms start passing on the increase in international rates through a revision in petrol and diesel prices, which have been on a pause for over three-and-a-half-months in view of elections in Uttar Pradesh and four other states. The government is "closely monitoring the situation" and will "take appropriate steps as and when required", a top official said. Brent crude oil surged past $105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine.
India already allows 100 per cent ownership of greenfield pharma businesses.
On Monday, five Army personnel were killed and five injured when heavily armed terrorists hurled a grenade and opened indiscriminate fire on two army vehicles around 3.30 pm on the Machedi-Kindli-Malhar mountainous road near Badnota village, about 150 km from the district headquarters Kathua.
The Congress will begin the Rahul Gandhi-led Bharat Jodo Nyay Yatra from the violence-hit Manipur on Sunday, in what is being seen as the party's bid to set the narrative in the run-up to the Lok Sabha polls and put the spotlight on issues such as unemployment, price rise and social justice.
Infiltration in Jammu and Kashmir is on the rise, with nearly 100 terrorists sneaking into the Valley this year from across the Line of Control taking routes, including those chosen by Pakistani raiders in 1947, to move towards south, which has emerged as the epicentre of militancy.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
To reduce those not even meeting variable costs to 19% of network by March, from 38% five months ago.
The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.
'We are looking at the next target which is to be a $1 billion ARR firm in the next 4-5 years.'
Social stock exchange (SSE) saw its first listing on Wednesday, with SGBS Unnati Foundation becoming the first entity to take this route to avail financing. The foundation - engaged in vocational training of youth - raised Rs 1.8 crore from four investors. These include brokerage firm Zerodha and National Bank for Agriculture and Rural Development (Nabard).
Mutual funds' equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase past Rs 1.7 trillion in 2023. The aggressive buying in December indicates that flows into equity funds are likely to have remained unaffected by the sharp run-up in the market last month. Mutual funds (MFs) bought equities worth Rs 23,000 crore last month (until December 28) compared to Rs 18,000 crore in November, shows data from the Securities and Exchange Board of India (Sebi).
According to sources, there is a proposal to allow 100 per cent Foreign Direct Investment in single brand retail sector "through automatic route" with certain conditions.
Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.
Congress general secretary (communications) Jairam Ramesh said three months before the five state elections, where the 'BJP is staring at certain defeat', and six months before the Lok Sabha elections, the BJP is literally clutching at straws.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
Kerala is the only state, other than West Bengal (2001 and 2007), in India to have reported Nipah virus cases. Kerala is the only state, other than West Bengal (2001 and 2007), in India to have reported Nipah virus cases. The previous outbreaks in the state were in May 2018, June 2019 and September 2021. This explains the anticipation and readiness this year, reports Shine Jacob.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
'We decided to start the yatra from Manipur so that the people of India get a sense of what the people of Manipur have been through'
Terming such 'unwarranted interference' detrimental to the timely response by security forces, the Army's Spears Corps shared a video on Twitter late on Monday of some such incidents.
Prime Minister Narendra Modi's Punjab visit was cut short on Wednesday after a "major security lapse" as he was stranded on a flyover for 20 minutes due to a blockade by protesters, prompting the Union Home Ministry to seek an immediate report from the state government and strict action against those responsible.
Domestic giants Mumbai on Thursday broke the world record for highest margin of victory in the history of first-class cricket as they crushed minnows Uttarakhand by a staggering 725 runs on the fourth day of their Ranji Trophy quarter-final.
Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
During his address after flagging off the train via video-conferencing, Modi said his government's policies are clear and intentions transparent in reforming the agriculture sector.
This visit by the prime minister comes weeks ahead of the 'pran pratishtha' or consecration ceremony of the Ram temple.
Base metals major Hindalco's overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of promoters' shares. Novelis' sole shareholder, AV Minerals (Netherlands) NV, is a 100 per cent subsidiary of Hindalco. Novelis would not receive any proceeds from the sale. Assuming SEC clearance could go through in about 6 months.
Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 rose by 10.4 per cent, the most since July 2022.
The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
Police have also recovered a GPS device of Naxals from the site in which the rebels had set the location of the improvised explosive device used in the incident.
Unlike earlier Olympic opening ceremonies, where artistic performances precede the athlete procession, Paris 2024 will commence with athletes gracefully floating down the Seine river.
Novak Djokovic produced a superhuman effort to subdue Argentine Francisco Cerundolo.
'Interim Budget has ignited the entrepreneurial spirit.'
Verma said Kamal Nath and his son Nakul Nath are both not crossing over to the BJP and asserted that the latter will contest the Lok Sabha polls, likely to be held in April-May, from Chhindwara in Madhya Pradesh as the Congress candidate.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
