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Norway on Sunday said that it plans to ratify the India-EFTA free trade agreement next year, the commerce and industry ministry said. India and the four-nation EFTA (European Free Trade Association) bloc inked the agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), on March 10 this year. However, it needs ratification from the four countries for its implementation. The agreement came up for discussions during the India-Norway Business Forum which was held in Mumbai. May-Elin Stener, Ambassador of Norway to India, termed TEPA a landmark in bilateral relations and highlighted its potential to further enhance trade and investment between the two nations.

Subscribe to enjoy similar stories. Anant Goenka, vice-chairman of RPG Group, recalls a chance meeting with an HSBC banker during a flight from Delhi to Mumbai some six months ago, which sparked the conglomerate's interest in acquiring Michelin's off-highway tyres and tracks business. In the next 4-6 months, Ceat faced a brief process as it had to navigate competing interests from Indian and Chinese tyre manufacturers that were also pursuing Camso.

Subscribe to enjoy similar stories. Mumbai: Nepal traditionally celebrates Kukur Tihar, a Diwali festival to worship dogs (and lately Biralo, or cats) as loyal and loving friends. Japan has an entire island popular with tourists, where cats outnumber its human residents.

Subscribe to enjoy similar stories. MUMBAI : The Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees, marks a significant shift in how money invested in banking products can be managed and distributed after the account holder's demise. The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document).

Subscribe to enjoy similar stories. Krishna Tanna, a Mumbai-based writer and strategist, recalls a moment when intuition led her to a seemingly spontaneous but deeply fulfilling experience. Without concrete plans or logistical preparation, Tanna and her sister decided on a whim to visit Rishikesh, staying at the Osho Ashram and exploring without an itinerary.

Maharashtra Chief Minister Devendra Fadnavis has lauded the state as the business magnet and powerhouse of the Indian economy. «We are back and we are back with a bang,» he said at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai on Saturday. The newly elected chief minister thanked the people of Maharashtra for the mandate they gave to the Mahayuti coalition, which he said is not only unprecedented but also entrusts them with the responsibility to contribute most to the Indian economy.

Gurgaon's DLF Camellias has been sold for Rs 190 crore, marking it as the most expensive high-rise apartment transaction in the National Capital Region (NCR) and one of India's highest-ever price-per-square-foot deals. This 16,290-square-foot property was purchased by Info-x Software Tech Pvt Ltd through its director, Rishi Parti, according to real estate documents accessed by IndexTap.

Subhash Ghai, celebrated for iconic Hindi movies such as Ram Lakhan, Taal, and Saudagar, was admitted to Lilavati Hospital in Mumbai. According to a report in The Indian Express, the 79-year-old was hospitalized on Wednesday after experiencing symptoms of weakness, difficulty breathing, and dizziness. Ghai is currently under vigilant medical care, the report added. A team of specialists, including cardiologist Dr. Nitin Gokhale, neurologist Dr. Vijay Chaudhary, and pulmonologist Dr. Jalil Parkar, is overseeing his treatment. The report further stated that a source revealed the director is “showing signs of improvement” and is expected to be moved from the ICU to a general ward soon. “The filmmaker is doing perfectly fine and was admitted only for a routine check-up,” clarified his spokesperson, as quoted in the report.

Munawar Faruqui recently shared a heartbreaking anecdote. The ‘Bigg Boss 17’ winner revealed that his son Mikael was diagnosed with a rare disease when he was just one-and-a-half years old. To add insult to injury, Faruqui struggled with paying medical expenses. In a podcast with Janice Sequeira, he shared about his ordeal. He opened up about the financial hardships he faced during that challenging period. He disclosed that his son's medical diagnosis required injections priced at Rs 25,000 each, while he barely had Rs 700 in his pocket at the time. “That situation scares me. My son was one and a half years old back then. He fell ill, and for 2-3 days, his condition didn’t improve. After taking him to the hospital, we discovered he had Kawasaki disease. Three injections were required, each costing Rs 25,000. I needed Rs 75,000 but had only Rs 700-800 in my wallet," he said.

Reserve Bank of India (RBI) has decided to float a new interest rate benchmark — the Secured Overnight Rupee Rate (SORR) — to capture the essence of the broader money markets and to improve credibility of the index. The new benchmark will be based on the secured money market transactions — both market repo and tri party repo (TREPS). Together, they account for 98% of overnight money markets and include participation from both banks and non-banks.

Subscribe to enjoy similar stories. The Indian Railways plans to run dedicated Vande Bharat parcel trains on specific routes to capture a chunk of goods shipped by online marketplaces like Amazon and Flipkart that use road and air cargo for faster shipments, two people aware of the development said. The railways have begun designing freight trains on the lines of its Vande Bharat passenger express.

Subscribe to enjoy similar stories. MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has reduced its fundraising target to ₹572 crore, following the Securities and Exchange Board of India’s (Sebi’s) approval in September to raise ₹700 crore.

Subscribe to enjoy similar stories. Last week, chef Garima Arora made Indian culinary enthusiasts proud. For the second consecutive year, her fine-dining spot, Restaurant Gaa in Bangkok, received two Michelin stars.

bank said that most of the Group's listed entities have leverage (Net Debt-to-EBITDA ) less than 5X with the exception of Adani Green Energy. Of the 11 listed Adani Group companies, Adani Green Energy, Adani Energy Solutions and Adani Ports and Special Economic Zone (APSEZ) have US dollar bonds outstanding. Among the non listed entities is Adani Energy Mumbai (AEML).

Subscribe to enjoy similar stories. With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of real estate consultant Knight Frank India.

BJP MLA Kalidas Kolambkar will take oath as the pro-tem Speaker of the Maharashtra legislative assembly on Friday, a day before the special three-day session of the Lower House of the state legislature begins. Talking to PTI this morning, Kolambkar, a nine-time MLA, confirmed that he will take oath as the pro-tem speaker at 1 pm at the Raj Bhavan. Governor C P Radhakrishnan will administer the oath to him, he said. Kolambkar currently represents the Wadala assembly constituency in Mumbai.

Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.

Subscribe to enjoy similar stories. New Delhi and the National Capital Region (NCR) is beset by problems, with the unbearable amounts of atmospheric pollution being the most acute. But the crisis of livability that the city faces isn’t just confined to this.

Subscribe to enjoy similar stories. It’s a busy weekday evening in the corporate and dining hub of Lower Parel in Mumbai when I catch up with Rakshay Dhariwal at his bar, PCO, which feels like an oasis in the chaos of traffic snarls. Dressed in an indigo-blue collared T-shirt paired with charcoal-grey trousers, the pioneering food and beverage entrepreneur settles down with a glass of water after getting me a cup of coffee.

K Raheja Corp has acquired two prime properties including Bayside Mall, one of the early shopping malls of India, and Popular Press Building spread over more than half an acre in south Mumbai’s plush Tardeo locality for over Rs 355 crore. The company has bought these properties through its Ivory Property Trust from Jaydev Mody-led AAA Holding Trust. Ivory Property Trust has paid stamp duty of Rs 21.30 crore for the registration of the deal that took place on August 13. Bayside Mall has a basement, ground and two upper floors built over one-third of an acre. The mall, with a total built-up area of 17,345 sq ft, earlier had 105 units but now has 75 units following the amalgamation of certain units.

Myntra, India’s largest online lifestyle and fashion retailer, has joined the quick-commerce bandwagon, launching a 30-minute delivery service called M-Now in Bengaluru that it plans to expand to cities like Mumbai, New Delhi and Pune in the coming months. Myntra is entering the segment with an extensive assortment — about 10,000 stock-keeping units (SKUs) to start with — compared with a limited number of lifestyle and fashion products like regular t-shirts and innerwear offered on quick-delivery platforms such as Blinkit, Zepto and Swiggy Instamart. It started a pilot project last month and the service is now live in some areas of Bengaluru. M-Now will deliver fashion and beauty products and accessories within 30 minutes using dark stores, or micro warehouses, run by third parties as well as retail stores of fashion brands, Myntra chief executive Nandita Sinha told ET.