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Brand Storii forays into West Bengal with the launch of Storii Devasom Spa & Resort

Jul 2, 2024

New Delhi, July 2 (IANS) Strengthening its brand presence pan India, Storii by ITC Hotels made its foray into West Bengal with Storii Devasom Spa & Resort, Kolkata.Spread across 3 acres, this resort is the perfect getaway for a relaxing staycation or a spa holiday.Anil Chadha, Chief Executive, ITC Hotels, said, “Brand Storii has arrived in the…

Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget

Jul 2, 2024

New Delhi, July 2 (IANS) The electronics industry on Tuesday urged the Central government to look into lowering tariffs on inputs in the upcoming budget and scale up local manufacturing to further beat China and Vietnam. The…

Business

Explained: Why SEBI issued a show-cause notice to Hindenburg, others

Jul 2, 2024

New Delhi, July 2 (IANS) Market regulator Securities and Exchange Board of India (SEBI), as per directions by the Supreme Court, has issued a show-cause notice to Hindenburg Research, its sole beneficial owner Nathan Anderson and Mark…

Business

Zomato ESOP plan receives shareholders’ nod, 25 pc voted against it

Jul 2, 2024

New Delhi, July 2 (IANS) Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against…

Business

ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion

Jul 2, 2024

New Delhi, July 2 (IANS) Singapore-based Environmental, Social, Governance, Risk, and Compliance (ESGRC) and investing platform Xcelerate on Tuesday said that it entered into definitive agreements for a debt funding arrangement of up to $52…

Business

CAMS joins Google Cloud to build next-gen platform for mutual funds

Jul 2, 2024

New Delhi, July 2 (IANS) Registrar and transfer agent of mutual funds Computer Age Management Services (CAMS) on Tuesday said that it partnered with Google Cloud to revolutionise the financial services landscape by building a…

Business

Sensex, Nifty at all-time, FPI and rate cut probability fuelling bull run

Jul 2, 2024

Mumbai, July 2 (IANS) The performance of the Indian equity indices has been stellar so far in 2024 due to the ongoing rally in the stock market. Sensex and Nifty both posted nearly 10 per cent gains in H12024 prompting the market experts to…

Business

India’s auto sector cruises in top gear as higher demand drives up sales

Jul 2, 2024

New Delhi, July 2 (IANS) India’s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.…

Business

AI-driven Indian platform HireMee joins Rockefeller Foundation to mentor youth for jobs

Jul 2, 2024

Bengaluru, July 2 (IANS) AI-enabled talent assessment and hiring platform HireMee on Tuesday said it has joined US-based Rockefeller Foundation’s Global Mentorship Initiative (GMI) to bridge the gap between graduation and first career jobs…

Business

Afghan central bank auctions $15 mn to stabilise local currency

Jul 2, 2024

Kabul, July 2 (IANS) Afghanistan's central bank auctioned $15 million on Tuesday to maintain the stability of the national currency, the Afghani."The bidders, including moneychangers and private banks, should deposit the necessary money in…

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