PVR Inox Sells Snacks Business to Marico
PVR Inox has announced the sale of its snacks business to Marico, a major FMCG company, as part of a strategic restructuring to focus on core cinema operations.
Category : Business
IIP Gets New Base Year, Sector Weight Changes
India's Index of Industrial Production (IIP) is set for a major overhaul with a new base year of 2022-23 and revised sector weights. Electricity and manufacturing gain importance while mining sees reduced weightage in the updated series.
Wealthy Indians Diversify into Dollar Assets via GIFT City
India's HNIs and UHNIs are increasingly diversifying into dollar-denominated assets through GIFT City to hedge against rupee depreciation, while maintaining bullish outlook on India's growth.
JD Vance Stalls India Trade Deal as EU Agreement Nears
As India prepares to sign a landmark trade agreement with the EU, US Vice President JD Vance emerges as a key figure obstructing US-India trade talks, according to leaked Republican discussions.
Gold Breaks $5,000, Silver Hits Record Amid Market Fears
Gold prices surged past $5,000 per ounce for the first time, with silver also reaching record highs. The rally is driven by geopolitical tensions, dollar weakness, and investor flight from bonds and currencies.
Trump H-1B Policy Shifts US Jobs to India: Survey
Canadian-Indian entrepreneur Vijay Sappani says Trump's H-1B restrictions forced US companies to hire in India at half the cost. Survey reveals 52% of tech firms plan India hiring expansion in 2026.
CII, NITI Aayog Propose Wealth Fund from Privatisation
Industry body CII and NITI Aayog propose using privatisation proceeds for infrastructure via a wealth fund, as government's disinvestment performance remains weak with stalled sales.
Banerjee: G Ram G Bill May Disproportionately Affect Poor States
Nobel laureate Abhijit Banerjee expresses concern that the proposed G Ram G Bill's funding shift could disproportionately impact economically vulnerable states, while noting it's too early for definitive judgment.
Trichy Airport Seeks Approval for ₹350 Crore Runway Extension
Trichy International Airport has submitted a detailed project report to AAI seeking approval to extend its runway from 8,136 ft to 12,500 ft at ₹350 crore cost to handle growing passenger and cargo traffic.
Xi's Diplomacy vs Trump's Tariffs: Canada Caught in US-China Trade War
As US President Donald Trump threatens 100% tariffs, China's Xi Jinping advocates cooperation while Canada denies pursuing a free trade pact with Beijing, highlighting growing trade tensions.
Bengaluru Metro Stations to Get Retail Outlets After 14 Years
Bangalore Metro Rail Corporation Limited (BMRCL) has invited tenders to open commercial spaces at Sampige Road Metro station and six others, marking a significant retail expansion after more than 14 years of operation.
Oil Prices Fall Amid Winter Storm Production Disruptions
Global oil prices settled lower as traders assessed the impact of winter storms on US crude production and monitored geopolitical tensions between the US and Iran.
Cholan Express First Stop at Thiruverumbur Station in Trichy
The Chennai Egmore - Trichy - Chennai Egmore Cholan Express made its inaugural halt at Thiruverumbur railway station, addressing long-standing demands from residents and boosting connectivity for industries and institutions.
DTCP Notice to Developer for Non-Compliance in Gurgaon
The Directorate of Town and Country Planning has issued a regulatory notice to a developer for alleged violations in a commercial colony project in Sector 65, Gurgaon, citing expired licenses and failure to transfer land.
India-EU Free Trade Deal Finalized After 18 Years
India and the European Union have successfully concluded negotiations for a comprehensive free trade agreement covering goods and services, with implementation expected by early 2027 after ratification processes.
NLCIL Completes 300MW Barsingsar Solar Project
NLC India Limited has fully commissioned its 300MW Barsingsar solar power project in Rajasthan, developed under the Union renewable ministry's CPSU scheme.
RBI Report Calls for Budget Redesign in Demographic Shift
The RBI's latest report emphasizes the urgent need to redesign state budgets, moving from mere repairs to comprehensive restructuring, driven by compelling demographic transition arguments.
Banerjee Calls for Structural Reforms, Questions GDP Rankings
Nobel laureate Abhijit Banerjee emphasized structural reforms over short-term budget focus at Hyderabad Literary Festival, critiquing GDP comparisons and highlighting malnutrition issues.
Chennai Bus Stop Renovation Leaves Commuters Without Shelter
The renovation of Asar Khana bus stop near Alandur metro station in Chennai has left thousands of commuters waiting on the road without shade or seating. The highways department promises temporary arrangements and completion by March.
Junk Debt Sales Soar After Trump Tariff Threat Recedes
Junk-debt sales surged globally as companies capitalized on easing geopolitical tensions after Trump abandoned Greenland-linked tariff threats, with record activity in US and European markets.
Russia Plans 40,000 Indian Workers in 2026
Russia plans to bring at least 40,000 Indian workers in 2026 to address a severe labor shortage caused by population decline and the Ukraine war, following a bilateral agreement signed in 2025.
Chennai's 800MW Power Plant Ready for Summer Demand
Tamil Nadu's new 800MW thermal power station in North Chennai has been declared commercially operational, providing crucial support to meet the state's expected summer power demand exceeding 22,000MW.
India-EU Successfully Conclude FTA Negotiations
India and the European Union have successfully concluded negotiations for a Free Trade Agreement, marking a significant milestone in bilateral trade relations.
Chennai Road Collapse: Traffic Crawls as Sewage Line Fails Again
Morning traffic on Chennai's Karukku Main Road near Ambattur ground slowed to a crawl after a sudden road cave-in, the second such incident in four months due to damaged underground sewage infrastructure.
AYUSH Insurance Grievances Rise in TN & Puducherry
Insurance ombudsman reports 8-10% annual increase in AYUSH-related complaints in Tamil Nadu and Puducherry following IRDAI's April 2024 directive for equal treatment coverage.
US Treasury Ends Booz Allen Contracts After Tax Leak
The US Treasury Department has severed all contracts with Booz Allen Hamilton after a former contractor leaked confidential tax information, including President Trump's returns, to media outlets.
Waltair Division Leads Indian Railways Freight Earnings
Waltair Division in Visakhapatnam achieved record freight earnings growth of ₹1,220 crore, with 66.7 million tonnes loaded and revenue exceeding ₹9,147 crore, while enhancing passenger services and green infrastructure.
KSRTC Bus Fare Hike on Mangaluru-Kasaragod Route
KSRTC Mangaluru division increases bus fares by Rs 7-10 on Mangaluru-Kasaragod route to offset losses from NHAI's new toll gate at Arikkady, sparking protests.
Dubai Firm to Sue Lebanon for $1.7 Billion Losses
Dubai-based Al Habtoor Group announces legal action against Lebanese authorities, citing $1.7 billion losses from economic crisis, banking restrictions, and political instability in Lebanon.
Madurai Railway Division Achieves High Punctuality and Revenue Growth
Madurai railway division reports 97% punctuality for mail/express trains and 98.5% for passenger trains, ranking second in India. Revenue surged 12% to ₹1,026 crore, with significant safety and infrastructure projects underway.
Page 234 of 882