India’s hotel sector is hogging the headlines with the country witnessing its largest-ever hospitality IPO. Brookfield-backed Schloss Bangalore, owner of The Leela hotels, recently mopped up ₹3,500 crore. But there’s a bigger story brewing underneath: India’s top listed hotel companies now enjoy the highest enterprise value (EV) per room in the world. Take a closer … Read more
Dr. Reddy’s Brand logo. | Photo Credit: SUPPLIED PIC Pharmaceutical major Dr Reddy’s Laboratories Limited (DRL) is facing a potential tax demand of over ₹2,395 crore from the Income Tax Authority. The demand, stems from the assessment year 2020-21, is linked to the merger of Dr Reddy’s Holding Limited (DRHL) into Dr Reddy’s Laboratories Limited … Read more
Record date for the rights issue is 5 June, 2025, and the issue period will be from 13 June, 2025, to 20 June, 2025 UGRO Capital on Saturday said it will offer new equity shares totalling up to ₹400 crore at a price of ₹162 per share. The MSME-focussed non-banking finance company’s shares had closed … Read more
The government on Friday approved an additional instalment of ₹81,735 crore as tax devolution to states, which will be released on June 2. This release is in addition to the regular monthly instalment of tax devolution of ₹81,735 crore, which will be released on June 10, 2025. “The Union Government has approved an additional instalment … Read more
The US Supreme Court has cleared a key legal hurdle for the Trump administration to end humanitarian parole protections for over 850,000 migrants from countries like Cuba, Haiti, Nicaragua, and Venezuela. | Photo Credit: KENT NISHIMURA/Reuters The Supreme Court on Friday again cleared the way for the Trump administration to strip temporary legal protections from … Read more
The Indian government late on Friday cut the import duty on crude edible oils such as palm, soyabean and sunflower oil to 16.5 per cent overall from 27.5 per cent. However, it extended duty-free import of yellow peas until March 31, 2026. A gazette notification said the duty cut will come into effect from May … Read more
RBI observed that net household financial savings improved marginally, mainly due to uptick in financial assets of households | Photo Credit: iStockphoto The net financial savings of the household sector may reach ₹22 lakh crore, or 6.5 per cent of the Gross National Disposable Income (GNDI) in FY25 based on current trends, according to SBI’s … Read more
A general view of the Chhatrapati Shivaji Maharaj International Airport in Mumbai, May 30, 2025 | Photo Credit: FRANCIS MASCARENHAS The airport in India’s financial capital of Mumbai, run by the Adani Group, has triggered a lobbying effort by top carriers IndiGo and Air India after it changed payment rules, citing financial needs and a … Read more
₹500 notes remain dominant, accounting for 40.9% of the total volume and 86% by value The printing cost of currency notes has surged by around 59 per cent over the last five years, while the supply has increased by around 36 per cent, the Reserve Bank of India’s annual report revealed. According to the report, … Read more
Hinduja Global Solutions (HGS) on Thursday named Venkatesh Korla, President and CEO of HGS Americas, as the new Global CEO. He will take charge after the retirement of current Group CEO Partha DeSarkar in September 2025, the company said in a statement Additionally, Mahesh Kumar Nutalapati, Deputy CFO since February, has been elevated to the … Read more