ITC Hotels Ltd on Wednesday reported a 53 per cent jump in consolidated net profit to Rs 133.71 crore in the June quarter, on the back of higher revenue. The company, which had posted a consolidated net profit of Rs 87.16 crore in the first quarter last fiscal, said it is targeting to reach 220 operational hotels and more than 20,000 keys by 2030.
Speculation swirls in Pakistan regarding potential changes in the political landscape, fueled by rumors of the army chief's possible presidential aspirations and discussions between top civilian and military leaders.
Developers based outside Mumbai are making a beeline for India's largest real estate market through redevelopment projects. These include Delhi-based DLF, Bengaluru-based Prestige Estates and Puravankara, Pune-based Kolte-Patil Developers and Vascon Engineers, and Hyderabad-based Ramky Estates.
According to the chargesheet, Rana played a crucial role in supporting terrorist David Coleman Headley, a Pakistani-American operative linked to Lashkar-e-Taiba, by facilitating his reconnaissance missions across Mumbai.
A day after news emerged that Foxconn Technology Group was "forced" by Beijing to send back its Chinese engineers and technicians from its Tamil Nadu plant, sources indicate that the global electronics giant has already drawn up an alternative plan to rescue its India iPhone 17 production by bringing in experts from mainly Taiwan and the US.
'We have been following the micro-change philosophy, where every six weeks we implement these AI features into our internal systems, products, platforms and then release it to our employees.'
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed executive director of Reliance Industries Ltd.
India's macroeconomic health is in a "relative goldilocks situation", and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is "too soon to sound the 'all clear' for the rest of the year", the Finance Ministry said on Friday.
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
The gravity of charges against Indian nurse Nimisha Priya, who has been sentenced to death by a Yemeni court after being convicted of murdering a citizen of the country, has made it difficult for the efforts to seek relief for her to succeed, sources said.
While India has become the largest data generating nation, and hosts more than 152 data centres, it is fed by only 18 undersea cables.
After the success of bringing businesses to WhatsApp, Meta - its parent - is now introducing ads and subscriptions to Status and Channels under the Updates tab of the messaging app, the company said on Monday. This move will further push its monetisation efforts on WhatsApp.
Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.
Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.
'As long as Sebi maintains transparency and market stability, the Jane Street episode is unlikely to deter long-term foreign capital.'
Understand policy inclusions and exclusions to avoid surprises during claims.
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
Travellers are keen to explore traditional Indian arts and crafts like Madhubani painting in Bihar, pottery and weaving workshops in Rajasthan, or Kathakali and Kalaripayattu training in Kerala.
rediffGURU Dr Ganesh Natarajan tells you how to upskill and upgrade yourself in order to future-proof your career.
US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.
Last-minute efforts are underway to halt the scheduled execution of an Indian nurse in Yemen, with a Sufi scholar leading negotiations with the victim's family.
'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.
Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works.
'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'
Streamlining enterprise data, having an AI policy, reskilling people, and cultural transformation have been cited by experts as key.
'Despite being a software powerhouse, we're not producing proportionate original IP, frameworks, or global tech products originating in India.'
The special cancellation highlights the national pride and sporting excellence displayed by the Indian cricket team in securing the Champions Trophy.
rediffGURU Dr Ganesh Natarajan offers advice on how to build and scale your first start-up.
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. The World Economic Forum study, released at its Annual Meeting of New Champions in China's Tianjin, also said the fintech sector growth is stabilising amid strengthening profitability and inclusion.
'$125 million for the hull and the remaining of over $350 million for liability.'
'Taxpayers' money cannot be given to these companies which can access the market and buy GPUs at a competitive price from any vendor.'
'A large part of my effort will be solving issues for the whole of Sugar Land, all communities, all populations.'
'We recently launched Yesintek in the immunology space.'
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