Radisson Hotel Group on Wednesday announced the entry of its luxury lifestyle brand “Radisson Collection” in India with the signing of the first hotel in Hyderabad. The 300-room hotel is close to the city’s financial district, which houses business centres, IT parks and Special Economic Zones (SEZs). The hotel would be operational by the second … Read more
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India Ratings & Research (Ind-Ra) said Tuesday, benefits to companies owing to lower interest rates and a reduction in debt are likely to be reversed in the current fiscal year. According to the report, the move will take place because of a sharp rise in interest rates and higher working capital financing needs. Ind-Ra expects … Read more
ICICI Prudential Mutual Fund has launched an innovation fund which will invest in domestic and foreign companies involved in either product or solution related innovation. The scheme will invest across market capitalisation and sectors. The new fund offer, which opened on April 10, will close on April 24. In a press release, the fund … Read more
Elon Musk announced plans Sunday for a new battery factory in Shanghai during a visit there. The factory will make large-scale energy-storage units called Megapacks, Xinhua reported. Elon Musk revealed plans to build a new battery factory during a visit to Shanghai Sunday, China’s official Xinhua news agency reported. Tesla’s new project, which was officially … Read more
Reserve Bank of India on Thursday said a centralised portal would be ready in three to four months wherein depositors and beneficiaries can access details of unclaimed deposits across various banks. As of February this year, about Rs 35,000 crore of unclaimed deposits were transferred to RBI by public sector banks in respect of deposits … Read more
Reliance is unstoppable for now. It’s launching/ acquiring/ partnering businesses across segments and industries. As part of it’s retail expansion strategy, the subsidiary Reliance Retail Ventures Limited (RRVL) has now entered into the beauty segment. Launched with an Omnichannel strategy combining both the online and offline route Tira website and app for ecommerce 1st physical … Read more
The following development took place after Gautam Adani tumbled to No. 24 in the global list. Adani was the world’s third-richest person on January 24, when he was worth nearly $126 billion. A report issued by US short-seller Hindenburg Research later that day, however, sent his companies’ shares plummeting,” Forbes said. His net worth is … Read more
Tinplate, a Tata Steel subsidiary has started work on a significant capacity expansion. At it’s existing Jamshedpur plant, it has kicked off a Rs 2,000 crore expansion project. It would add 3,00,000 tonnes to it’s current capacity of 4,15,000 tonnes i.e., an increase of >70%. The project is estimated to take 3 years to complete … Read more