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The Economic Times
The Economic Times Oberoi Hotels & Resorts to debut in London’s Mayfair
The Oberoi Group, in partnership with Grosvenor, is set to open its first luxury hotel in the UK. Located in London's Mayfair district, the hotel will be part of Grosvenor's South Molton development, a mixed-use project encompassing offices, residences, and various amenities. The hotel, scheduled for completion by 2027, aims to deliver Oberoi's renowned design, service, and attention to detail.
The Economic Times Kridhan Infra appoints Jagannath Sanjeeva Shetty as CFO
This appointment follows the departure of Bhavesh N Nagda, the company's former CFO, who stepped down in June 2024 for personal reasons, as mentioned in a regulatory filing to the BSE.
The Economic Times 84.50 would be the key level to watch out for Rupee vis-a-vis dollar: Naveen Mathur
The Indian rupee is depreciating against the US dollar. The dollar index is strengthening. Experts believe the rupee may depreciate to 84.50 against the US dollar. The Reserve Bank of India may intervene if the rupee depreciates beyond this level. A weaker rupee is good for exports but will make imports costlier. This will impact the fiscal deficit.
The Economic Times Mitsubishi Electric’s group company, Climaveneta to invest Rs 400 crore in manufacturing plant near Bengaluru
Mitsubishi Electric's subsidiary, Climaveneta, is investing over Rs 400 crore to expand its manufacturing plant in India. The expanded facility will be the country's largest chiller manufacturing plant, aiming to double annual order intake within five years. The company also plans to export to international markets, including the USA, Europe, and South Africa.
The Economic Times India better positioned than Asian peers on trade linkages with China: Report
While many EM Asian countries have been hard hit, India's position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.
The Economic Times Foreign outflows of $3.1 billion from Indian financials drive record monthly sales in October, data shows
Foreign portfolio investors withdrew a near-record $3.1 billion from Indian financial stocks in October, leading to a 6% decline in major indices. This selloff, driven by slowing loan growth and reduced bank margins, contributed to a record $11.2 billion overall outflow from Indian equities.
The Economic Times Swiggy confident of growth amid competition, emphasises strength in consumer insight
Swiggy CEO Rohit Kapoor expressed confidence in the company's growth within the quick commerce market despite increasing competition. He emphasized that success in this sector requires more than just capital, citing Swiggy's deep understanding of the Indian consumer and agile approach as key advantages.
The Economic Times Indian rupee drops to all-time low on bullish dollar outlook
The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks.
The Economic Times Trump's Indians: Indian-origin loyalists who could get top jobs
As Donald Trump prepares for his second term as US President, speculation is mounting over who will secure key positions in his administration. Trump has indicated his preference for rewarding loyalists who supported him during his previous term. Several Indian-origin individuals, including Kash Patel, Vivek Ramaswamy, Nikki Haley, Shalabh Kumar, and Bobby Jindal, are considered potential candidates for significant roles.
The Economic Times Macrotech Developers acquires Bain Capital's stake in 3 entities for Rs 307 cr
Bain Capital had a 30 per cent stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd and a 33.33 per cent stake each in the other two entities.
The Economic Times Public sector banks outperformed private banks by a wide margin in net profits during Q2 FY25: SBI
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
The Economic Times Hurun India Philanthropy list: Meet the most generous donor in India. It's not Ambani or Tata
Hurun India recently unveiled its list of top philanthropists for 2023, with Shiv Nadar and family maintaining the top position, contributing Rs 2,153 crore. Mukesh Ambani and family followed with a donation of Rs 407 crore. The top 10 donors collectively contributed Rs 4,625 crore in FY24, making up nearly 53% of the total donations on the list. Notably, Krishna Chivukula and Susmita & Subroto Bagchi made their debut in the top 10, securing the 7th and 9th spots, respectively.
The Economic Times The crypto industry spent more than $130 million on the election. It paid off.
The cryptocurrency industry heavily invested $135 million in the recent U.S. elections, aiming to elect pro-crypto candidates. Their efforts proved successful, with a significant number of endorsed candidates, including Bernie Moreno who defeated a prominent crypto-skeptic senator, securing victories.
The Economic Times Supreme Court orders liquidation of Jet Airways on failure of resolution plan
Jet Airways Liquidation: The Supreme Court has ordered the liquidation of Jet Airways, rejecting a takeover bid by Kalrock Capital and Murari Lal Jalan. The court found the NCLAT's approval of the bid disregarded a previous Supreme Court ruling and determined liquidation to be in the best interest of lenders and employees.
The Economic Times Indian IT companies brace for tighter visa guidelines
Donald Trump's potential second term as US president could see stricter immigration policies, impacting Indian IT firms reliant on H-1B visas. Despite these firms reducing visa dependency, experts predict tighter regulations and potential hurdles for international workers under a new Trump administration.
