Economic Times
The all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury hotel
The company accelerated sales spurred by premiumisation with average handset selling prices rising by 22%, higher than the industry average of 17%. Th
Lenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial bids. Futur
"The loan will be priced 110 basis points above the six-month SOFR rate with a reset clause after every six months linked to the then prevailing SOFR
Solar capacity of around 292 GW is likely to be deployed by 2030, making solar photovoltaic waste management crucial, it said. "India must proactively
"The JV has applied for a preliminary licence to the regulator and it will start with more than ₹300 crore of initial investment," said a source awa
India has 89,000 petrol pumps, of which 17% now have EV charging facilities. Indian Oil, the largest fuel retailer in the country, has 8,760 filling s
Enhanced 5G availability and performance, coupled with the availability of a wide range of affordable devices, as well as the introduction of new data
India's most expensive insurance shield is taken by broadcasters, followed by team owners against player fees. The premiums have gone up by 25% due to
Japanese banks may derive comfort from Reliance Capital's association with Nippon Life, a joint venture partner of the former, according to the source
Oberoi also said that hotel rates need to increase in India. “I sometimes feel our rates in India should be much higher. I urge all our colleagues t
Travel companies and hotel chains including Thomas Cook, SOTC and Leisure Hotels Group are increasing focus on women travellers amid a surge in demand
Indian Direct Selling Association and Kantar's report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with g
Based on responses from 28 NBFCs, 80% were profitable in the first three quarters of FY23, as opposed to 68% in FY 22-23, said the report. Fintech Ass
Aster is planning to add 1500 beds by FY27 and aims to be among the top 3 hospital chains in India. The expansion plan will encompass a mix of brownfi
Mumbai's 10% price growth in the past 12 months driven primarily by affluent homebuyers looking for a lifestyle upgrade in the backdrop of a strong ec
Agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), the Reserve Bank of India (RBI),
The NCLAT direction came on Tuesday over an urgent plea moved by the newly appointed board of debt-ridden IL&FS, seeking direction to the banks restra
The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recent Ukrainian
The two new board members are Chennai-based Sanmar Group’s chairman Vijay Sankar, and Shailesh Haribhakti of Shailesh Haribhakti & Associates, the c
