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₹1,000 crore to develop 4-5 large marquee resorts in Uttarakhand over the next few years, reported businessline. This marks the largest investment by MHRIL in any Indian state which aligns with their Mahindra Group's plans to increase their resort keys from 5,000 to 10,000 by 2030. Chairman of Mahindra Group, Anand Mahindra took to social media platform X to reveal this venture, the post reads "Home is where the heart is.

Bitcoin (BTC), the world's largest cryptocurrency, experienced a dip on Friday as it failed to maintain its upward momentum and dropped below $27,000. 

Glenmark Pharma fell over 6% to Rs 775 in Friday's intraday trade on BSE after the firm received board approval to sell a 75% stake in subsidiary Glenmark Life Sciences to Nirma Ltd. Glenmark Pharmaceuticals has entered into a definitive agreement with Nirma to divest a 75% stake in Glenmark Life Sciences for Rs 5,651.5 crore, at a price of Rs 615 per share, the company said in an exchange filing. Glenmark Life Sciences is the listed subsidiary of Glenmark Pharmaceuticals, and the latter owns more than 82% stake in the former. Post the sale, Glenmark Pharma will continue to own 7.84% in Glenmark Life Sciences, the former said in a release. Glenmark Life Sciences contributed close to 17% to the consolidated revenue of Glenmark Pharmaceuticals in 2023.

India, the World Bank member IFC and realty developer Sunteck Realty are partnering to create a joint platform to promote the development of 12,000 housing units with a total investment of up to Rs 750 crore. These houses will be developed across four to six green housing projects within the country’s commercial capital Mumbai Metropolitan Region (MMR). Of the total investment into this joint platform, IFC's proposed investment will be up to Rs 330 crore with the remainder to be brought in by Sunteck Realty. «This investment aligns with our strategy to create more inclusive and equitable cities by backing affordable and eco-friendly housing through partnerships with established companies like Sunteck Realty,” said Wendy Werner, IFC Country Head, India. According to him, it also supports the government of India's 'Housing for All' initiative, delivering essential societal benefits including shelter, safety, job opportunities, wealth generation, and enhanced credit access. »We are pleased to collaborate with IFC in our shared goal of addressing the housing shortage in India. Our wide range of offerings provide high quality amenities and enhanced lifestyle for all the segments of the population,” said Kamal Khetan, CMD, Sunteck Realty. According to Khetan, this strategic partnership demonstrates the company's capability to develop high quality large-scale housing projects in the MMR and aligns with its vision of sustainable and green housing solutions. With a population exceeding 2.2 crore, the Mumbai region is India's largest and most active housing market, grappling with a significant housing deficit.

Every Indian household considers gold to be one of the most important assets, carrying monetary and emotional value. Hence, the security of your gold is one of your biggest worries. But emergencies call for drastic measures. However, many questions arise on whether this is the right choice, like even after getting a gold loan, will you be able to fulfil all your financial obligations? This article will explore the answers to these questions and much more.Benefits of a gold loan Here is a quick sneak peek at the features and benefits of taking a loan against gold.

Advisors who want to retire, or free themselves from the admin of running a business, now have a new option.

₹509.25 apiece on the BSE Thursday. Since listing in July, Seco Gold shares have rallied more than 18%. Senco Gold shares made a strong debut on the Indian stock market exchanges on July 14 as the stock was listed with more than 35% premium at ₹431 on BSE.

BCCI Honorary Secretary Jay Shah noted that SBI Life's commitment to 'excellence “We are delighted to welcome SBI Life on board as an Official Partner for BCCI’s Domestic and International Season for the course of the next three years, ahead of the prestigious ICC Men’s Cricket World Cup 2023. SBI Life's commitment to excellence aligns perfectly with BCCI's vision for cricket." “We look forward to a fruitful partnership that will enhance the cricketing experience for fans and players alike." Shah added Meanwhile, BCCI President Roger Binny noted that the two entities are looking to ‘build a solid partnership’ to take Indian cricket forward.

The SEC voted Wednesday to expand the scope of a rule meant to ensure investment funds’ portfolios match the strategies suggested by their names, but the changes aren’t as restrictive about the use of environmental, social and governance factors as those the agency initially proposed.

Justin Trudeau had to swelter in Delhi till last Tuesday because his plane failed him. Coming after an unusually public dressing down by Prime Minister Narendra Modi, his outburst on Tuesday accusing India of killing Khalistan leader Hardeep Singh Nijjar sealed his now-dead relationship with India. Canada is where wokeness and brightly patterned socks find their illogical home. Which would have been idyllic if their political parties were not so welcoming of bad guys of many stripes.

leadership, and the right tools," said Gurpreet Singh Brar, Vice President, HP India market. He also suggested that the same can be achieved by the companies by promoting emotionally intelligent leadership, crafting workplaces that align with these desires, and offering the necessary tools and technology to meet their evolving demands.

Omkarm Capital has come up with its recent Alternative Investment Fund (AIF) targeting Rs 300cr including a green shoe option. The fund will focus on infrastructure logistics space and has received significant interest from investors across family offices, ultra-high-net investors, and institutional investors. The fund is a Category II AIF under SEBI AIF Regulations.

applying for a personal loan online is the amount available to applicants. Personal loans can give high loan amounts, depending on the lender and the borrower's creditworthiness. This is a good option for individuals who need funds for larger expenses.

In a remarkable turn of events, Bitcoin (BTC) witnessed a significant 5% upswing, aligning with growing anticipation surrounding the Federal Open Market Committee (FOMC) announcements and the Federal Fund Rate. 

Kuku FM on Wednesday said it has raised $25 million in a Series C funding round co-led by the Nandan Nilekani-founded Fundamentum Partnership and International Finance Corporation. Temasek-backed Vertex Ventures, which closed its fifth fund at $541 million last week, also participated in the funding, as per a statement.

start-ups. However, big tech or companies like Google, Meta, Apple and others that would already be complying with global data protection or privacy laws such as the GDPR, would be expected to comply at the earliest. “They would have to make a strong case why they need more time for transition.

fundraising challenges are reaching out to tax experts to discuss possible angel tax scrutiny, alarmed by recent income-tax department actions following changes in angel tax provisions. A founder who is in the middle of raising a down round said the threat of getting I-T notices has gone up especially after the government brought overseas funds under ‘angel tax’, or Section 56(2)(viib) of the Income-Tax Act, 1961, from 2023-24.

MUMBAI : HDFC Bank Ltd expects a worsening of net interest margin (NIM), net worth and asset quality in the short term following its merger with parent Housing Development Finance Corp. (HDFC), analysts who attended a meeting with a top bank executive said. NIM may narrow 25 basis points (bps) due to the combined effect of incremental cash reserve ratio (CRR) and excess liquidity, analysts cited chief financial officer Srinivasan Vaidyanathan as saying at the meeting.

Carson Group’s Jamie Hopkins is joining Bryn Mawr Trust as director of private wealth management, the firm’s owner, WSFS Financial Corp., announced Tuesday.

New Delhi: German plumbing materials and sanitary fittings manufacturer Hansgrohe, known for its premium faucets and showers, is set to expand its presence in the Indian bathroom solutions market with the launch of new ceramics line. In an exclusive interview, the German brand’s India managing director, Gaurav Malhotra talked about the company’s plans to introduce 64 new ceramics designs to the Indian market by 2023-end, as a part of its strategy to provide a full range of bathroom solutions to Indian consumers. While faucets and showers constitute the bulk of its business, Hansgrohe sees opportunity to leverage its brand reputation for luxury fixtures catering to aspirational consumers.