It can be noted that last month, Abhinandan and his brother Abhishek, who runs Macrotech Developers, had reached an out-of-court truce over the usage of 'Lodha' in branding Within a month of reaching a truce with his elder sibling, Abhinandan Lodha on Tuesday launched a new identity for the holding company housing all of his businesses. The holding company has been rechristened as "Abhinadan Ventures" from "Lodha Ventures" earlier, as per a state…

The initiative is expected to draw ₹26,000 crore in investment, create 5,000 direct jobs, and 30,000 indirect jobs Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday announced a strategic plan to develop a port-based economy harnessing the state's 1,000-kilometre-long coastline, establishing ports or fishing harbours at every 50 km interval....

  ·       At WTO, India warns the US of retaliatory duties on American imports over steel, aluminium tariffs https://bit.ly/3SyJ9Fb ·       Airtel’s Q4 profit soars 432% to ₹11,022 crore, driven by tariff hikes, India momentum https://bit.ly/3SnxGZf ·       Exide plans to increase revenue from lead-acid batteries biz to ₹2…

Hyatt India MD Sunjae Sharma reveals plans to open 10 hotels annually from 2025, expand into new cities and launch more brands like Destination by Hyatt and Standard. With 100 hotels targeted by 2030, Hyatt is betting big on domestic tourism and rising demand in tier 2 and leisure destinations....

Many suggest that geopolitical relations between India and the United States played a role in facilitating the tieups between Starlink and the Indian telcos Will the entry of Elon Musk’s Starlink disrupt India’s broadband universe dominated by telcos? That question has kept analysts busy after Starlink, a fully-owned subsidiary of SpaceX —majority owned by Musk — got the go-ahead from the Department of Telecommunications (…

RBI norms disallow banks to own subsidiaries which are active in same segment of lending as the bank Japanese major Sumitomo Mitsui Financial Group (SMFG) may merge its Indian non-bank arm SMFG India Credit with YES Bank after its group entity SMBC completes acquiring 20 per cent stake in YES Bank, sources told businessline.....

·       All 32 airports reopened for operations after ceasefire with Pakistan: AAI https://bit.ly/3YCjJKs ·       LTIMindtree lands record $450-million deal with agribusiness giant https://bit.ly/3GSLgBd ·       Ather Energy reports 29% revenue growth, narrows losses in Q4 https://bit.ly/43bpOil ·     &nbs…

India's insurance industry, with cumulative premiums of $130 billion, is entering a new era of growth, marked by big M&As, the expected entry of more foreign players, and tech-led disruptions. Who will come out on top? More https://bit.ly/44uSNQx Via business-standard.com

IHCL has two luxury hotels in the US - The Pierre in New York and Campton Place in San Francisco. Together these have around 300 rooms and contribute to around 10 per cent of IHCL’s consolidated Indian Hotels Company Limited’s (IHCL) US business has recovered and its two properties are not seeing any softness in demand, managing director & CEO Puneet Chhatwal has said......

·        UAV companies gear up as Indo-Pak drone warfare marks a new era of combat https://bit.ly/437chIw ·       Investors’ interest piques up in defence tech sector https://bit.ly/3H2e0r4 ·       Biocon bullish on US market share with over 70% payer access https://bit.ly/44RIeHx ·       S…

Sanjay Arora, Co-founder & Managing Director of D’Decor Exports, feels that the Make in India initiative has created a strong environment for home textile players, positioning India as a global hub for high-quality, competitively priced textiles. The Indian home furnishing market— which is expected to reach $80 billion from $44 billion in 2024—is at a pivotal juncture, with consumers demanding both quality and design innovat…

Pidilite Industries plans to expand its Haisha paints brand across rural and semi-urban India while boosting newer brands like Dr Fixit and Roff. With a focus on achieving a 50:50 revenue balance between core and growth portfolios, the company eyes strong volume growth and strategic acquisitions......

Drone makers anticipate more demand for the silent, precise unmanned weapons in current conflict It was a full-scale drone war on the night of May 8. Pakistan reportedly deployed more than 300-400 drones in India’s direction, which India said it had thwarted using “kinetic and non-kinetic means”.....

ReNew Energy eyes U.S. solar module exports amid rising tariffs on Southeast Asian competitors. Backed by $100M UK investment, the firm boosts manufacturing, explores energy storage, and may sell assets to fund 13-14 GW expansion. Plans to delist from Nasdaq following takeover proposal....

IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions UK-based coworking major International Workplaces Group (IWG) plans to launch its premium brand Signature in India in the next couple of years, said Marc Descrozaille, chief executive officer for the Middle East, Africa, and APAC. This comes at a time when India’s office …

India called for urgent need to ensure moral values to be given appropriate consideration India on Friday recorded its strong objection before the International Monetary Fund (IMF) during review of Extended Fund Facility (EFF) lending program ($1 billion) and a fresh Resilience and Sustainability Facility (RSF) lending programme ($1.3 billion) for Pakistan. Though India abstained from the voting, but the proposal appears to have been approved....…

Withdraws application, saying it was filed inadvertently by a junior person Operation Sindoor – with its symbolic resonance of love and bravery – has stirred emotions and hearts in India. Which is why when companies, including Reliance Industries, tried to cash in on the evocative code name of India’s retaliatory strike by trying to trademark it, it met with huge social media backlash. So much so that a red-faced Reliance quickl…

REC eyes nuclear power lending with a Rs 12 lakh crore opportunity, expands focus on thermal and renewable energy, and targets doubling AUM to Rs 10 trillion by 2030. With plans for SMRs, net-zero NPAs, and a new JV with BHEL, REC accelerates its clean and conventional energy portfolio....

The Inland Waterways Authority of India (IWAI) on Tuesday signed an agreement with global logistics major Rhenus Group to boost the inland waterways sector of India. According to an official statement, the memorandum of understanding (MoU) facilitates Rhenus Logistics India Pvt. Ltd. to commence scheduled barge operations across key National....

·       Operation Sindoor fails to deter FPIs, as they continue shopping spree https://bit.ly/4366z9T ·       IPO-bound LG Electronics India begins work on new $600 million plant https://bit.ly/44tPmtf ·       L&T Q4 results: Consolidated net profit rises 25% to ₹5,497 https://bit.ly/3YC2oBd ·     &n…

Godrej Consumer (GCPL) MD & CEO Sudhir Sitapati anticipates improved FMCG demand in the next 12-18 months due to benign food inflation, government fiscal and welfare measures, and potential pay commission increases....

Starlink, backed by Elon Musk, provides high-speed, low-latency broadband internet worldwide using satellite technology, and is described by some as as broadband beamed from the skies Starlink, backed by billionaire Elon Musk, on Wednesday received the Government’s nod for satcom services in India, as the Department of Telecommunications issued a letter of intent (LoI) to it.... More https://bit.ly/43m5P1C Via thehindubusinessline.com

·       Dabur India to aggressively pursue M&A opportunities, premiumisation drive https://bit.ly/4k9sLa1 ·       MRF Q4 net profit up by almost 30 per cent https://bit.ly/4jTIdav ·       Aster DM invests ₹480 crore to set up its fourth multispecialty hospital in Bengaluru https://bit.ly/431LvBk ·    &nbs…

The hospitality giant will introduce its first LXR Hotels & Resorts in Bengaluru by 2026 and debut Signia by Hilton in Jaipur by 2028.  Hospitality major Hilton has announced plans to double its brand footprint over the next five years. As part of this strategy, they have announced the debut of their first LXR Hotels and Resorts property in India, slated to open in Bengaluru in 2026....

·       India’s services PMI rises to 58.7 in April on export boost https://bit.ly/4iQBRYg ·       How is the IMFL segment of the alcobev sector placed? https://bit.ly/42M180X ·       BSE posts record financial results, declares ₹23 dividend https://bit.ly/4m4ukrp ·       India’s smart m…

IHCL CEO Puneet Chhatwal outlines a bold growth strategy, with Ginger driving expansion across India, targeting 700 hotels in five years. Focused on capital-light growth, new destinations, and rising domestic demand, IHCL aims to double revenue and invest Rs 5,000 crore by FY30...... More https://bit.ly/4m1Mz0N Via financialexpress.com

The Reserve Bank of India increased its gold reserves by 25 tonnes in the second half of FY25, bringing total holdings to 879.59 tonnes amid a 30% increase in gold prices. The Reserve Bank of India (RBI) has augmented its gold reserves by 25 tonnes in the second half of the financial year 2025, according to official data released on Monday. This addition comes during a period of significant price escalation in gold, which saw a 30% surge. By the …

The offer includes tariff-free imports up to a certain threshold, beyond which regular duties would apply  India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said.....

·       India proposes zero duties on steel, pharma, auto parts in trade talks with US https://bit.ly/44oEI73 ·       Realty majors beeline for a slice of India’s silver homes market https://bit.ly/44rawZa ·       India-Pak trade could bring structural changes in liner container services in the region https://bit.ly/3YxWOjn ·…

Two-wheeler manufacturers expect sales this year to test the pre-pandemic peak, hoping that lower EMIs because of a cut in interest rates and higher disposable income resulting from income tax reforms will encourage the middle class to spend on motorcycles, scooters and mopeds.....

Even large cash deposits under ₹2 lakh — which would normally require a PAN — get explained away with claims of “passersby” buying fruit in cash. A new kind of real estate boom is taking shape — and it’s not in luxury condos or gated villas, but in quiet stretches of farmland just outside India's metros. From Karjat to Coonoor, a surge of wealthy Indians are buying up farmhouses. But this isn’t about or…

Commerce Department advises Indian industry to strictly abide by existing non-preferential rules of origin in the US for now Eyeing gains from the tariff war between US and China, Indian exporters of certain products, such as garments, machinery and engineering goods, have made a case for relaxed rules of origin (ROO) in the proposed India-US bilateral trade agreement (BTA)......

·       Vedanta trims FY25 interest cost to 9.6%, aims for 9% by FY26: CFO Ajay Goel https://bit.ly/4iMMjzR ·       Adani Enterprises targets ₹36000 crore capex for FY26 https://bit.ly/4jFyhS3 ·       Vedanta mulls listing Zambian copper business in US https://bit.ly/42HbH5j ·       Tikamgarh Rail e…

India Inc prefers Big 6 audit firms—Deloitte, EY, KPMG, PwC, Grant Thornton, and BDO—for FY25, with 326 of Nifty-500 firms opting for them. These firms now audit 34% of NSE-listed companies, signaling ongoing consolidation in the audit space and growing dominance in market cap coverage.... More https://bit.ly/4dkX1wB Via financialexpress.com

The collaboration aims to modernize Jazeera Airways' digital platforms, including its website and mobile apps, and introduce an advanced AI-powered chatbot to enhance the customer experience Tata Consultancy Services (TCS) has partnered with Kuwait's Jazeera Airways to drive AI-led transformation aimed at enhancing customer experience and operational efficiency..... More https://bit.ly/3GDi3df Via business-standard.com

The company will also look to acquire assets where it can hold a majority stake and operate the acquired port Adani Ports and Special Economic Zone (APSEZ) , which manages four overseas ports in Israel, Sri Lanka, Tanzania and Australia, is planning to acquire more international port assets located in Africa and South-East Asia, the company officials said.....

Philippine manufacturing activity bounced back in April after a contraction in the previous month, supported by a pick-up in demand. In a statement, S&P Global said the Philippines’ manufacturing purchasing managers’ index (PMI) stood at 53 in April, up from the March reading of 49.4.... More https://bit.ly/3GE9Cyz Via philstar.com

TCS and IBM team up to establish India’s largest quantum computing hub in Amaravati’s Quantum Valley Tech Park, featuring a 156-qubit IBM Quantum System Two. The partnership aims to boost India’s quantum ecosystem and support the National Quantum Mission with advanced algorithms and applications..... More https://bit.ly/4lPS96e Via financialexpress.com

Bangladesh has paid nearly $1.2 billion of the $2 billion owed to Adani Power, amid political and economic challenges. Bangladesh has made significant progress in settling its dues with India's Adani Power, having paid nearly $1.2 billion of the approximately $2 billion total owed under a 2017 power-supply agreement, according to a Reuters report. This development comes after Bangladesh faced financial strains due to increased import costs follow…

Export orders grew at the second-fastest pace in over 14 years, behind only January's rise With a rise in new export orders post US’ tariff decision, India’s manufacturing sector showcased a better performance in April as the Purchasing Managers’ Index (PMI) increased to 58.2. It is a tad higher than 58.1 of March.....

Cognizant plans to hire 20,000 freshers in 2025 to strengthen its talent pyramid amid rising demand for managed services. The move comes as headcount drops and utilisation declines, with the firm focusing on cost efficiency and organic growth in the evolving IT services landscape.....

Mahindra & Mahindra, the country’s largest sports utility (SUV) manufacturer, became the second-largest automaker in April. Mahindra & Mahindra, the country’s largest sports utility (SUV) manufacturer, has become the second-largest automaker for the third consecutive month in April. The company witnessed a 28% year-on-year increase in total sales to 52,330 units in the domestic market and 54,860 vehicles overall, including exp…

Refund of export GST rose over 86% while growth in domestic refund was over 22% Aided by year-end business, collections from Goods & Services Tax (GST) surged to all-time high of over Rs 2.36 lakh crore in April, Finance Ministry reported on Thursday. Previous high was Rs 2.10 lakh crore in April, last year. The year-on-year growth is 12.6 per cent....

·       GST collections in April hit all-time high of ₹2.36 lakh crore https://bit.ly/44iiunl ·       OYO to enter F&B with in-house kitchens, QSR carts https://bit.ly/4cTxJFg ·       Adani Ports beats quarterly profit view on higher cargo growth https://bit.ly/42UCuK7 ·       Cognizant posts 21…

JBM Electric Vehicles partners with Hitachi ZeroCarbon to integrate advanced battery management solutions into its e-bus fleet, utilizing Hitachi's ZeroCarbon BatteryManager for real-time data on charging, route optimization, and asset use. JBM Electric Vehicles on Wednesday announced a strategic partnership with Hitachi ZeroCarbon to deploy advanced battery management solutions in its electric buses.....

Homebuyers prefer grade-A builders, delivery of homes key accountability factor India’s real estate sector is poised for significant consolidation, as customers increasingly shift to Grade A developers known for delivering homes with minimal delay. According to ratings agency Icra, the share of major listed developers as a percentage of total sales value has been rising.... More https://bit.ly/3ExUNNr Via business-standard.com

On late Wednesday night, India issued a ‘Notice to Airmen’ declaring its airspace closed for Pakistan-registered airlines and aircraft, including military flights, from May 1 until May 23....

·       India closes airspace to Pakistan Airlines amid rising tensions https://bit.ly/4iZQYyJ ·       RBI lukewarm to the idea of IndusInd promoter raising stake in bank https://bit.ly/44NOXSs ·       Ather Energy IPO Highlights: IPO subscribed 1.43x https://bit.ly/4lTqMbu ·       Vishal Mega Mart sh…