Business

[ad_1] In a strategic move to expand its luxury footprint in Eastern India, ITC Hotels on Tuesday announced that it has signed a management agreement for a new property under its premium brand Mementos by ITC Hotels in Siliguri, West Bengal.The upcoming property, being developed by the LR Berlia Group, will be situated near Bagdogra…

[ad_1] NEW DELHI: India’s major ports saw a 4.3 per cent increase in cargo handling, reaching 855 million tonnes in Fiscal Year 2024-25. The growth was led by higher volumes in container traffic (up 10%), fertilisers (13%), petroleum, oil and lubricants (POL) (3%), and miscellaneous commodities (31%), as compared to the previous fiscal year.The Government…

[ad_1] Tata Motors on Tuesday reported a 51% decline in consolidated net profit for the fourth quarter ended March 31, 2025, at Rs 8,556 crore, down from Rs 17,528 crore in the same period last year.The fall was primarily attributed to lower volumes and reduced operating leverage.The company’s consolidated revenue from operations stood at Rs…

[ad_1] SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar airport reopened for civilian flights following a temporary shutdown amid the recent military tensions between India and Pakistan.“SpiceJet will resume its Haj 2025 operations…

[ad_1] The notable reduction in both inflation can be primarily attributed to decreased prices across several essential categories. (AI image) The All India Consumer Price Index (CPI) or retail inflation for the month of April 2025 eased to 3.16% compared to April 2024. The headline inflation in April 2025 decreased by 18 basis points from…

[ad_1] Centre has identified strategic coastal land in Tamil Nadu, Gujarat, and Andhra Pradesh to establish mega shipbuilding and repair facilities, marking a major push toward making India a global shipbuilding hub. One of the first projects could be a Rs 10,000 crore mega shipyard in Thoothukudi, Tamil Nadu, with South Korea’s HD Hyundai nearing…

[ad_1] Air India declared on Tuesday the suspension of its two-way flight services connecting multiple destinations. (AI image) India-Pakistan tensions impact on air travel: Hours after resuming flights to airports in parts of northern India, airlines like Air India and IndiGo announced cancellations for May 13.On Monday, the Airports Authority of India (AAI) declared that…

[ad_1] Infosys reported a decline of 11.7% in its net profit to Rs 7,033 crore for the fourth quarter compared to the previous year. Infosys staff members have received signals suggesting a reduced performance bonus for the quarter ending March 2025, reflecting ongoing uncertainty in the IT services industry.During a recent conference bridge discussion with…

[ad_1] MUMBAI: Tata Steel will inject $2.5 billion (Rs 21,411 crore) into its Singapore unit, T Steel Holdings, to bolster its European business operations and repay debt. Tata Steel owns the UK and Netherlands businesses through T Steel Holdings.Any overseas investment exceeding $1 billion in a financial year requires prior approval from the RBI. The…

[ad_1] Market watchers will focus on crucial inflation data due Tuesday, including India’s CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Tuesday a day after an over 3.5% rally. While Nifty50 went below 24,800, BSE Sensex was…