Real estate sector in India is facing strong traction, especially the residential real estate. Almost every company is providing aggressive growth targets. Now Shriram Properties (SPL), while unveiling it’s new brand identity has provided ambitious growth targets. The Company has embarked on a mission – called, SPLNxT – towards accelerating growth, repositioning brand and enhanced … Read more
Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more
Commerce and industry minister Piyush Goyal on Wednesday alleged that Amazon’s proposed $1-billion investment in India is to compensate for its huge loss that “smells of predatory pricing,” and of no great service to the economy. He also questioned the impact of ecommerce on crores of small retailers. “Are we going to cause huge social … Read more
Homegrown automaker Tata Motors, has announced a collaboration with Delta Electronics India and Thunderplus Solutions Pvt Ltd to enhance the electric vehicle (EV) charging infrastructure across the country. This partnership aims to accelerate the adoption of electric vehicles, particularly in the commercial sector, by expanding the availability of charging stations on high-traffic routes. The memorandum … Read more
The department for promotion of industry and internal trade (DPIIT) has circulated a note seeking views of different ministries on distinguishing between online ‘Game of Skill’ and ‘Game of Chance’ for the purpose of FDI, a senior official said. The official said that a clear distinction between the two is necessary to seek foreign investments … Read more
Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans. The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their safety … Read more
A plan to divide the Murugappa Group equally among three family groups that’s been over two years in the making has got stuck, said people with knowledge of the matter. The Murugappa Chettiar family had been negotiating an amicable split of the diversified business empire with over $9 billion in revenue in FY23 after five … Read more
India will need to undertake more reforms to be able to continue on the path of raising economic growth and to make sure that enough job creation happens in the country, IMF deputy managing director Gita Gopinath said on Saturday. Addressing an event here, Gopinath further said that India will be required to reduce import … Read more