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Showing posts from December, 2024

Look up who you are paying via NEFT soon

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Singitaâs Latest Tanzanian Property: Singita Kilima

Recently opened in October 2024 as the latest addition to Singita’s villa portfolio, Singita Kilima is an exclusive-use vill ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/BInFKoz

2025 Is The Year To Take a Viking Modi River Cruise

Cruising along the Danube River on Viking  provides passengers with spectacular architectural views of ancient European cities. The e ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/SN32zmp

The Bodrum EDITION: A Modern Oasis of Luxury and Serenity

The Bodrum EDITION is a luxurious haven nestled along the breathtaking coastline ofTürkiye,offering an unparalleled escape for those seeking the perfect balance of relaxation, elegance, and natural beauty. Renowned for its sleek design, world ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/DqanzZj

Economy to grow at 6.5-6.8% in FY25: Deloitte

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M-cap of six of top-10 most valued firms increased Rs 86,847.88 crore

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Six leading firms among the top-10 most valued companies collectively gained Rs 86,847.88 crore in market value last week, with HDFC Bank and Reliance Industries leading the gains. The BSE and Nifty both saw modest increases. Meanwhile, four companies, including TCS and Infosys, faced declines in their market valuations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YWVlQuL >

Vodafone Group clears 11,650 crore dues raised against VIL shares

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Vodafone Group cleared debt dues of Rs 11,650 crore by releasing pledges on shares of Vodafone Idea. The pledged shares were raised against debt from HSBC Corporate Trustee. These shares represent a 22.56% stake, currently valued at Rs 11,649 crore. Post-repayment, the equity shares held by Vodafone Promoter Shareholders have been released. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/D3ZYEWx >

FMCG companies bet on premium trend amid demand slump

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Urban FMCG demand is not expected to fully recover until mid-2025, despite companies focusing on premium products. Inflation is constraining urban spending, while rural areas show recovery. High commodity prices impact discretionary spending. E-commerce is growing for brands like Nestle. Industry executives call for policy measures to stimulate mass consumption and manage inflation. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eSMxwZ7 >

RBI policies may have contributed to economic slowdown: Finance ministry

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The finance ministry's report indicates that the combination of RBI's monetary policy and structural factors may have led to the economic slowdown. The ministry highlighted slowed urban consumption and cautious corporate hiring practices as contributors. The report anticipates improved growth in the second half of FY25, while stressing the need for a comprehensive commitment to sustaining growth amidst global uncertainties. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xAOIo0Z >

Rupee sees relative gain as other currencies fall more vs $: RBI

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India should seek to push potential growth from 6% to 8%: World Bank chief economist

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Indermit Gill, World Bank chief economist, emphasizes India's potential to elevate its growth from 6% to 8% by enhancing efficiency and economic freedom, focusing on quality education, staying open to FDI and trade, and improving women's workforce participation. India's favourable demographics and balanced economy support these prospects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9cZCQVT >

Economic growth likely to pick up on festive, rural demand: RBI

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India's economic growth is expected to improve in the latter half of FY25, driven by festive activity, rural demand, and agricultural growth. The RBI report highlights potential moderation in food prices, government capital expenditure challenges, and broader economic trends affecting GDP and inflation projections. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xt1MFBy >

India Cements becomes subsidiary of UltraTech

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UltraTech Cement has acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production capacity to UltraTech's portfolio. The deal, totaling Rs 3,954 crore, received approval from the Competition Commission of India, amidst India Cements' recent financial challenges. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f1aJQYs >

Sensex breaks 5-session losing run, rises 499 points

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The sensex closed 499 points higher at 78,540 on Monday with gains in financials and IT stocks, influenced by softer US inflation data. Domestic funds recorded a net inflow of Rs 2,228 crore. HDFC Bank, Reliance Industries, ITC, and ICICI Bank were major contributors to the rally. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vPfJ8lS >

Freshworks founder sells $40 million shares

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GST 'track, trace' method may cover cigarettes, pan masala

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The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to monitor products throughout the supply chain, addressing significant revenue losses from smuggling and illicit trade, estimated at Rs 21,000 crore annually for cigarettes alone. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f2OIKUv >

Britannica didn't just survive. It's an AI company now

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Encyclopaedia Britannica, once a weighty symbol of knowledge, has successfully transitioned to the digital age. By embracing AI and expanding into educational software and online dictionaries, the company has achieved impressive profit margins and is now considering a $1 billion IPO. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1XM6NTA >

Ex-finance minister Arun Jaitley had given go-ahead to clean up bad loans, says Raghuram Rajan

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Former RBI Governor Raghuram Rajan revealed that ex-Finance Minister Arun Jaitley supported his decisive action on tackling bad bank loans. Rajan attributed the NPA surge to corruption, delayed clearances, and the global financial crisis. He also pointed to slow government recapitalization hindering lending. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aijx0dA >

$100 million clients: TCS, Infosys lead race

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TCS and Infosys added twelve $100 million+ clients each post-pandemic, outpacing Wipro and HCLTech's seven. While TCS and Infosys boasted 62 and 40 such clients respectively by 2023-24, Wipro and HCLTech had 22 each. Large deal wins slowed across the industry due to reduced spending and global uncertainties. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nuTYBjA >

Ola starts 10-min food delivery service

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Rupee breaches 85/$ for 1st time on Fed's comment of fewer rate cuts in future

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The Indian rupee fell to a record low against the US dollar, crossing the 85 mark for the first time. This drop was influenced by the US Federal Reserve's indication of fewer-than-expected future rate cuts. While the decline makes imports costlier and benefits NRI remittances, its impact on export competitiveness is debated. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dWIsn5b >

Sebi tightens rules for SME IPOs, merchant banking biz

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Alumni of IIT Delhi lead list of top startup founders

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Slowdown in Q2 is a 'temporary blip': FM

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Finance Minister Nirmala Sitharaman addressed concerns about India's economic slowdown, calling the second-quarter dip a "temporary blip." She highlighted the country's strong average growth rate of 8.3% over the past three years and emphasized the government's commitment to managing inflation, citing recent positive trends and supply-side measures. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3j1UnV7 >

Itâs a Dolce&Gabbana Christmas at Romeâs Hotel de Russie

As Rome becomes even more enchanting under the soft glow of Christmas lights,  Hotel de Russie , ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/QLMAntC

Retrospective 5% GST likely on food app delivery charge

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The 26 Most Anticipated Hotels of 2025 in Europe

2025 is set to become a landmark year for luxury hotels, and we will continue our global New Hotel and Resort Openings series in Europe. Poised to redefine luxury and architectural grandeur and combine them with sustainability and unique offerings ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/FANLIKO

Companies bring 'pet leave', 'live band days' for Gen Z staff

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Indian tech companies are rolling out innovative perks to attract and retain millennial and Gen Z employees. These include unlimited sick leave, pet-friendly policies, and "well-being days" to combat burnout and boost productivity. Companies are also focusing on skill development, diversity, and flexible work arrangements to cater to the evolving needs of the younger workforce. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4kgOVCS >

Ambani and Adani drop out of $100 billion club

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Mukesh Ambani and Gautam Adani, once centibillionaires, have seen their fortunes decline. Ambani's Reliance conglomerate faces underperforming energy and retail businesses, while Adani confronts a US Department of Justice probe over alleged bribery, adding to the fallout from previous fraud accusations. Both tycoons are battling to regain investor confidence amidst these mounting challenges. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/51oNZlA >

Merry Memories At Hyatt Regency Maui Resort & Spa

'Tis the season to create magical memories in Maui. This holiday the Hyatt Regency Maui Resort & Spa is celebrating paradise with an exclusive 'Ultimate 7-Night Merry in Maui' Holiday. Blending island luxury with festive ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/etryiKR

Free trade & investment deals hit model BIT hurdle

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Indian companies raised record high of over Rs 1 lakh crore via QIP

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Indian companies shattered fundraising records in 2024, raising over ₹1.2 lakh crore through Qualified Institutional Placements (QIPs) by November. This surge, driven by a robust stock market and high valuations, doubled the previous year's figures. Giants like Vedanta and Zomato led the charge, each raising ₹8,500 crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8LEXbB0 >

CIL's CSR spending surpasses Rs 5,570 crore in last 10 years

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Coal India Ltd. has invested Rs 5,570 crore in corporate social responsibility (CSR) projects over the last ten years, focusing on education, healthcare, sports, skill development, and women's empowerment. West Bengal Governor C V Ananda Bose and Coal Secretary Vikram Dev Dutt commended the company's efforts, particularly in tribal areas and coal-bearing regions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZbH4jfW >

UPI records over 15,000 crore transactions from January to November 2024

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India's Unified Payments Interface (UPI) processed a staggering 15,547 crore transactions worth Rs 223 lakh crore between January and November 2024. UPI's global reach now extends to seven countries, solidifying India's position as a leader in digital payments. October saw a record 16.6 billion UPI transactions, highlighting its transformative impact on the nation's financial landscape. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WjfQwHN >

Coal imports up 4% at 162 million tonnes in April-October period

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JSW gets back Rs 4k cr assets in Rs 47k cr Bhushan Steel case

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The Enforcement Directorate (ED) has returned properties worth Rs 4,025 crore to JSW Steel, the successful bidder for the bankrupt Bhushan Power and Steel Ltd (BPSL). The assets were originally seized by the ED during a money laundering investigation that revealed BPSL's former promoters had defrauded banks of Rs 47,204 crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OZ3njkg >

Sensex swings over 2,000 pts, ends at 2-mth high on FPI buy

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The Sensex surged 843 points to a two-month high of 82,133, driven by strong foreign fund inflows and buying in FMCG, IT, and banking stocks. This followed a volatile session with a 2,100-point intraday swing, influenced by global market weakness and uncertainty about China's economic recovery. Market sentiment remains cautious due to rising US Treasury yields and a weaker rupee. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/A9jvro4 >

Retail inflation eases to 5.5% in Nov as food prices soften

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India's retail inflation eased to 5.5% in November from a 14-month high, driven by moderating food prices. Industrial output saw a modest 3.5% rise in October. While food inflation slowed, vegetable and edible oil prices remain high. Experts anticipate a potential rate cut in February if the trend continues, though urban demand needs monitoring. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fL2ylK4 >

Kick-off the Holidays & 2025 at The Ritz-Carlton Maui, Kapalua

Located about an hour away from Maui's OGG airport, above the picturesque Ka'anapali Beach is ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/KniorgU

Focus on policy stability & sustaining growth: RBI governor

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Sanjay Malhotra, the new RBI governor, emphasized stability, trust, and growth as the central bank's core values. He stressed the importance of financial inclusion in fostering India's continued growth trajectory. While prioritizing policy stability, Malhotra promised agility and a consultative approach, acknowledging the need for diverse expertise in navigating a complex global landscape. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tAWSGvn >

10-minute food delivery war to heat up with Zepto's standalone café app

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Zepto is launching a separate app, Zepto Café, to deliver food items like chai, samosa, and pizza within 10 minutes. This move challenges established players like Zomato and Swiggy in the rapidly growing quick-commerce food delivery market. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jMJX9CN >

Hope for progressive regulatory regime: Amazon

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Amazon India's senior VP, Amit Agarwal, amidst regulatory scrutiny, affirms compliance and advocates for progressive e-commerce policies. He emphasizes investments in logistics and infrastructure, not cash burn, and highlights a new quick commerce pilot program in Bangalore. Agarwal reiterates Amazon's long-term commitment to India's growth. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5lLuV0P >

Hygge in the Berkshires with Canyon Ranch Lenox

The Danish word hygge describes the concept of embracing winter and finding comfort in coziness. The tradition encourages people to embrace winter and find joy in slowing down even when it is dark and cold out. There is no better place to ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/eC5hkrG

IATA director general raises concerns over India's air traffic congestion amidst aviation growth

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Discover the Appeal of a Hamptons Winter Escape at The Roundtree, Amagansett

This winter, indulge in a cozy sweater-weather getaway at  The Roundtree, Amagansett , a member of  ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/d6iwzb2

Is Nissan's decline inevitable? Honda merger talks could hold key to survival

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Nissan faces a potential bankruptcy within the next year due to a 70% profit plunge and a $60 million loss. The company plans a $3 billion restructuring, including 9,000 job cuts and production reductions. A potential merger with Honda is being considered as a solution to navigate the challenging automotive market and bolster its struggling electric vehicle offerings. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nZvJj0c >

Revenue secretary Sanjay Malhotra to be next RBI governor

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Revenue secretary Sanjay Malhotra has been appointed as the new RBI governor, succeeding Shaktikanta Das. The 56-year-old IIT Kanpur and Princeton University alumnus will begin his three-year term on December 11th. Malhotra's appointment marks a continuation of bureaucratic leadership at the central bank, following Das's tenure of close coordination with the government. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/owTG1jq >

CII wants government to stick to fiscal deficit target

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The Confederation of Indian Industry (CII) has recommended that the Indian government maintain its fiscal deficit targets of 4.9% of GDP for 2024-25 and 4.5% for 2025-26. CII cautions against more aggressive targets, citing potential negative impacts on economic growth. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TfVg0yM >

FPI flows, inflation data to decide market trend

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Market direction in the coming week will be influenced by foreign fund flows, investor reactions to IPOs, and geopolitical shifts after the Syrian regime's collapse. Inflation data and the rupee's performance against the dollar will also play a role. These factors will determine if indices continue their winning streak. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MRXlTh4 >

Indian billionaires' wealth up 42% in last financial year, says report

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Indian billionaires' wealth surged 42% to over $905 billion in the last financial year, making India the third largest billionaire base globally. This growth is fueled by family-led businesses, a favorable economic environment, and structural reforms. Globally, billionaire wealth growth has slowed, but India remains an exception, potentially mirroring China's prior growth trajectory. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XOlz3Ca >

Trillion-dollar gap in Taiwan, Korea stock fortunes

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Taiwan's stock market surges amidst the global AI boom, outpacing South Korea's struggling market. Taiwan's dominance in the semiconductor industry, particularly TSMC's success, fuels this growth. Meanwhile, South Korea grapples with political instability and Samsung's underperformance. Despite looming US tariff threats, Taiwan appears better positioned due to its crucial role in US tech supply chains. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5JaYE8K >

UPI empowered marginal borrowers, boosted credit access: Study

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A research paper revealed UPI's transformative impact on India's financial landscape. Since its 2016 launch, UPI has facilitated seamless digital transactions for millions, becoming the dominant retail payment method. This widespread adoption, fueled by affordable internet access, has boosted credit access, particularly for underserved borrowers, while maintaining low default rates. The success story holds global implications for digital finance. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1PRgmMY >

Mahindra renames EV on IndiGo protest, to move court

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Mahindra & Mahindra is renaming its electric SUV "BE6e" after IndiGo airlines' parent company, Interglobe, objected to the use of "6E." Mahindra plans to contest Interglobe's objections in court, seeking brand rights for "BE 6e" while Interglobe seeks control over "6E." Mahindra argues that "BE" represents its "born electric" platform and is distinct from IndiGo's airline code. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7Jx8L2h >

The Waldorf Astoria Beverly Hills Rolls Out Luxurious New 'Suite Ride' Package

If getting behind the wheel of a Bentley Bentayga or Rolls Royce Cullinan on that next trip to Los Angeles appeals, consider checking into a suite at the ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/4tuql3h

5.4% GDP growth doesn't indicate systemic slowdown: Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman asserted that the slower second-quarter growth doesn't signal a systemic slowdown, attributing it to reduced public spending during the election season. She anticipates a rebound in the third quarter and maintains India's position as the fastest-growing major economy for the coming years, despite global economic challenges and climate change impacts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Hb6ZF4i >

RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%

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The Reserve Bank of India (RBI) maintained its policy rate at 6.5% but lowered the economic growth forecast for 2024-25 to 6.6% from 7.2%. A CRR cut to 4% will release ₹1.6 lakh crore for banks. The RBI acknowledged a recent economic slowdown but anticipates a recovery driven by festive demand and improved agricultural output. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dVY2pCo >

At Rs 1.4 lakh crore, IPO mop-up in 2024 more than doubles over last year

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Iconic Post Ranch Inn Offers Guests a Soul-Reviving Experience in Big Sur

Astrology readings, shamanic healing, and clairvoyant sessions make this week-long retreat at one of California’s most iconic eco-resorts a must-book experience for anyone contemplating an alternative getaway before the holidays – beca ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/6M1zODB

Hospitals garner 50% share in healthcare FDI

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India's healthcare sector, particularly hospitals, has witnessed a surge in foreign direct investment, reaching $1.5 billion in FY24. This represents a significant increase, more than doubling hospitals' share of FDI since FY21. Post-Covid, investor interest has shifted towards hospitals and diagnostics, leading to major buyouts and increased IPO activity, driven by market demand and growth in insurance coverage. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3SF9ga4 >

Some ATMs to retract cash: RBI

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Fairfax India to buy 10% more in BIAL

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