ITC Ltd announced its decision to separate its hotels business from the rest of the company, which includes its cigarettes and food businesses. The new entity, named ITC Hotels Ltd, will be formed, with ITC holding a 40% stake, and the remaining 60% ownership distributed among existing ITC Continue Reading
Business
Air India is undergoing a significant transformation plan, aiming to equip one-third of its wide-body fleet with modern, luxurious seats, and advanced inflight entertainment systems by March 2024. The airline, owned by the Tata Group, has already placed orders for 470 aircraft, including 70 wide-body planes, from Airbus and Boeing. CEO and MD Campbell Wilson […]Continue Reading
According to a report in the Economic Times on July 19, the HCL Group is considering entering India’s expanding semiconductor industry. The group is expected to submit a proposal to the government for establishing an assembly, testing, marking, and packaging (ATMP) facility for semiconductors, with an estimated investment of $200-300 million. It is worth noting […]Continue Reading
The prestigious Unique Times Excellence for Sports Business Visionary Award has been bestowed upon V C Praveen, the esteemed Founder of Gokulam Kerala FC. Manappuram Finance Ltd MD & CEO V P Nandakumar, M P Joseph I A S, Pegasus Chairman Dr Ajit Ravi, and V Vivek, International Basketball Player, Model, & Superintendent of Central […]Continue Reading
The 14th Multibillionaire Business Achiever (MBA) Award was presented to Adv Dr P Krishnadas, Chairman and Managing Trustee, Nehru Group of Institutions. In a grand ceremony held at the Le Meridien Hotel in Kochi on July 18th, Principal Secretary M P Joseph IAS, Shri V P Nandakumar, Managing Director and CEO of Manappuram Finance Limited […]Continue Reading
V P Nandakumar, MD & CEO of Manappuram Finance King Dollar is crimping private consumption everywhere in the world as the high cost of imported goods burns holes in consumers’ pockets not just in the US but elsewhere in the world Over the past few months, the word `de-dollaraisation’ is fast gaining currency everywhere in […]Continue Reading
According to a report by ET, Foxconn is currently in discussions with Taiwan Semiconductor Manufacturing Co (TSMC) and Japan’s TMH Group for potential joint venture and technology partnerships to establish semiconductor fabrication units in India. This comes after Foxconn ended its joint venture with India’s Vedanta Group to manufacture semiconductors in India. Continue Reading
Dr Sumitha Nandan, Executive Director of Manappuram Finance Ltd The organised sector stands to gain even more in the coming years Gold as an asset class as well as an object of desire has this unique quality to buck the trend, transcend time and to surprise analysts. Gold price has stayed consistently above $1,920 per […]Continue Reading
In recent developments, customers of SBI and ICICI Bank can now conveniently perform UPI transactions using their RuPay credit cards from these banks. By linking their credit cards to the BHIM app, operated by NPCI, customers can make online payments by scanning the Merchant UPI QR code at any location. This feature is available for […]Continue Reading
Wipro, the leading IT company, has revealed its plans to establish the ai360 service and invest approximately $1 billion in artificial intelligence (AI) over the next three years. The company aims to leverage generative AI to unlock productivity and commercial opportunities across industries. Wipro’s CEO, Thierry Delaporte, emphasized the significance of responsible Continue Reading