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Union Budget 2024: In the 2024 interim Budget, Finance Minister Nirmala Sitharaman allocated ₹2,449.62 crore to the tourism sector, signaling a substantial 44.7% increase from the revised allocation in the current fiscal year. This marked a significant improvement over the 2023 Union Budget, initially set at ₹2,400 crore for the tourism ministry and later revised downward to ₹1,692.10 crore. With the industry experiencing a surge in travel, the upcoming Budget announcements later this month are eagerly awaited by stakeholders in the tourism sector. Hotel operators, who significantly downsised their workforce during the Covid-19 pandemic, are now actively hiring to support expansive growth plans and address high turnover rates in India. Over the next 12-18 months, an estimated 200,000 jobs are anticipated to be generated in the hotel, restaurant, and tourism sectors, as per TeamLease Services, a staffing services firm. This surge in employment comes as hotels expand their capacities, open new locations, and experience robust demand from both business and leisure travelers.

CBI has registered a corruption case against former chairman and managing director of Heavy Engineering Corporation Ltd (HECL) Avijit Ghosh, officials said on Monday. Ghosh has been booked for alleged irregularities in setting up a centre of excellence for skill development in collaboration with CNIITMASH, a joint stock company of Russia, they said. The agency has alleged that Ghosh and others entered into a criminal conspiracy with CNIITMASH during 2015-19 with intention to cheat government exchequer by floating manipulated Expression of Interest. The CBI, which registered an FIR under IPC section of criminal conspiracy and provisions of Prevention of Corruption Act after a year-long preliminary enquiry, said that the Centre had launched a scheme in November 2014 with an objective to boost Indian economy by making the Indian Capital Goods Sector globally competitive.

Arthur “Big Boy” Crudup helped invent rock ‘n’ roll

ESG has become one of the most divisive topics in investing and not just in the US, according to new research.

Andhra Pradesh police registered an «attempt to murder» case against former chief minister YS Jagan Mohan Reddy, two senior IPS officers and two retired officials, following a complaint lodged by a TDP MLA, an official said on Friday. The complaint was lodged by the ruling party's Undi MLA K Raghurama Krishna Raju. Besides Reddy, police booked senior IPS officers PV Sunil Kumar and PSR Sitaramanjaneyulu and retired police officer R Vijay Paul and former Guntur Government General Hospital superintendent G Prabhavati, the official said. Vijay Paul and Prabhavati have superannuated. «Raju sent his police complaint through mail one month ago and after taking legal opinion, I registered a case at 7 pm on Thursday against the former CM and others,» the official told PTI. Raju also alleged that he was subjected to «custodial torture,» the official added.

When two octogenarian buddies named Nick discovered that ChatGPT might be stealing and repurposing a lifetime of their work, they tapped a son-in-law to sue the companies behind the artificial intelligence chatbot

Piramal Capital & Housing Finance raised its maiden dollar syndicated social loan of $100 million (₹835 crore). The entire loan is pre-funded by Standard Chartered Bank and the foreign lender is expected to syndicate the loan in the next few months. The loan has a three-year maturity, and it is benchmarked to the three-month secured overnight financing rate (SOFR) plus 200 basis points. The prevailing SOFR is 5.3%. «Through this loan, we are trying to tap the overseas market and since a large part of our financing gels well with the social theme, this loan is the first of many to come,» a Standard Chartered Bank official said on condition of anonymity. «All highly-rated NBFCs have to start looking at some amount of financing from the international markets and this route is expected to pick up pace. In fact, there is a lot of global investor appetite for ESG space.»

artificial intelligence (AI) has become the latest buzzword across industries and businesses. Most agree that it is going to revolutionise businesses.

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GAIL (India) Ltd. traded 0.82 per cent down at Rs 227.05 on Wednesday at around 12:07PM (IST), while the benchmark BSE Sensex declined 563.46 points to 79788.18. As many as 398,977 shares changed hands on the counter with a total value of Rs 9.02 crore.

A Winnipeg family’s Disneyland vacation turned into a 3,000-kilometre trek across the continent after their flight was impacted by the WestJet mechanics strike.

Overseas investors purchased nearly ₹9,200 crore of banking and financial services stocks in June after selling shares worth ₹8,583 crore in May. The sector, which accounts for more than a third of the Nifty 50 weighting, had received inflows worth ₹52,900 crore in 2023. Foreign investors were buyers of Indian equities worth ₹34,027 across 17 sectors between June 16 and 30, National Securities Depository (NSDL) data showed.

NCLAT on Wednesday said it will wait for the decision of lenders on a revised settlement offer by Supertech Realtors, which is developing a residential apartment, offices, retail and luxury hotels at its Supernova project. NCLAT also directed the Interim Resolution Professional (IRP) not to constitute a Committee of Creditors. However, it said the construction work for the project would be continued under the supervision of IRP. A three-member NCLAT bench observed that Supertech Realtors submitted an one-time settlement (OTS), and the lead bank principally agreed with the proposal and the proposal is under consideration by the consortium of banks. «In the meantime, we direct that the Committee of Creditors be not constituted. However, the ongoing project may be continued under the supervision of the IRP and the IRP shall extend all cooperation by the Corporate Debtor, its officers and employees in carrying out the construction,» said the 8-page NCLAT order.

The FanDuel sports book took bets on some mixed martial arts fights on April 1, 2022

an election year’. Investors looking for stability shifted their focus to strong fundamentals and a few promising sectors rather than betting on the overall market. With the economy battling inflation and high interest rates, companies had to find a way to take advantage of the country's economic growth.

construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarter. Revenue of these companies is expected to grow by 2-7% year-on-year while net profit may increase by 3-10%. In the year-ago quarter, these companies had reported a strong profit growth of 33-53% while revenue had grown by 2-33%. In FY24, revenue and profit had increased in the range of 9-34% and 9-69% respectively. According to the data shared by the Ministry of Road Transport and Highways (MoRTH), the construction of national highways fell by 12% year-on-year to 1,288 km in the first two months of FY25. This fall was largely because of weak awarding of projects. Historically it has been observed that the awarding of road projects slows down when there are general elections in a fiscal. A weak order flow coupled with a slow pace of project execution will culminate into muted revenue and profit growth for the sector.

Jubilant Foodworks Ltd. gained 0.28 per cent to Rs 571.65 in Thursday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 182.67 points higher at 80169.47. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 586.35 and a 52-week low of Rs 420.85 on NSE. Around 19612 shares changed hands on the counter till 11:52AM (IST).

Indian stock market has emerged as the undisputed champion of global equities in the past year. Leaving even the tech-heavy NASDAQ in the dust, the MSCI India index has skyrocketed over 36%. This isn't just a story of the big players.

Bajaj Finance added 4.47 million new customers, marking a healthy 16% year-on-year increase and a multi-quarter high. This compares favourably to the 3.23 million new customers added in the March quarter.

TMC MP Mahua Moitra for her «derogatory» remark on NCW chief Rekha Sharma, the Delhi Police on Monday sought from social media company X details of the lawmaker's now-deleted comment. Moitra was booked under Section 79 of the Bharatiya Nyaya Sanhita that deals with a word, gesture or act intended to insult modesty of a woman. The Trinamool Congress (TMC) leader commented on a video posted on X that showed Sharma arriving at the site of a stampede in Uttar Pradesh's Hathras on July 4. Moitra later deleted the post, which referred to a man holding an umbrella and walking behind the National Commission for Women (NCW) chief. An official source said the Delhi Police had written to X and added a response from the social media company was still awaited.

Zach Mersberger’s passion for helping small and medium-sized business owners stems from his own first-hand experience of building out his own firm.