ITC Hotels has announced the launch of its new luxury brand, Mementos, with Ekaaya, a 130-room hotel located on a 106-acre plot overlooking the Aravallis in Udaipur. The hotel is slated to be opened in the coming financial year, according to a company spokesperson....
Domestic car sharing marketplace Zoomcar on Tuesday announced that it successfully completed a $92 million private placement led by New York City-based SternAegis Ventures along with participation from other investors. ...
Global investment firm KKR Tuesday announced the appointment of K.V. Kamath as a Senior Advisor to KKR India. His appointment is effective immediately. ...
At least three private players have shown interest in participating in the strategic sale of public sector insurance companies, raising hopes that the government may advance initiation of its disinvestment this fiscal....
Government owned Life Insurance Corporation of India (LIC) was far ahead of the 23-member private life insurer's club in terms of the number of individual lives covered last month. ...
US Federal Reserve Vice Chair Richard Clarida said that the economic conditions necessary for the central bank to raise interest rates could be met by the end of 2022....
The relative movement in market capitalization of L&T and its subsidiaries over the past few months and inexpensive valuations of its core E&C business would suggest that the market is sceptical of value-creation in the E&C business of L&T and value-unlocking from L&Ts subsidiaries despite a significant increase in their market capitalisatio...
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has not only helped to broaden the scope of financial inclusion providing banking services to the remotest corner of the country, but it has also enabled an environment that has reduced the incidence of crime....
Leading South Korean companies Samsung Electronics and SK hynix were set to hand over their semiconductor data to the US government by Monday (US time). ...
With the monsoon withdrawing, consumption recovering, and infrastructure activity picking up, freight rates saw a sequential recovery in October. However, with diesel prices ruling high after a scorching run-up, the overall profitability of transporters remains below levels seen in the closing quarter of last fiscal, ratings agency Crisil ...
