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Kanakia Group’s listed movie exhibition company Cineline India has sold its hotel property Hyatt Centric in Goa to Sparsh Vidhyut at an enterprise value of Rs 270 crore. The hotel asset was owned by Cineline India’s wholly owned subsidiary R&H Spaces. The monetization has helped Cineline India to reduce its debt by Rs 120 crore pertaining to the hotel asset at subsidiary level, the company said in a release. Cineline India is planning to utilize the sale proceeds to fully repay its outstanding debt of Rz 108 crores related to the film exhibition business, achieving a debt-free status. The remaining surplus will be allocated towards expansion of the film exhibition business, the company said.

Agarwal community established by Raja Agrasen. Is this location just a coincidence or an ancient connection? The later Vedic civilisation that stretched from Haryana towards the Yamuna and Ganga basins, about 3,000 years ago, was not mercantile. It was made of pastoralists tending to cattle, warriors on horse-drawn chariots and their poet-priests who chanted the Vedic hymns in praise of celestial gods.

Zydus Wellness Ltd.(up 4.49%), Prataap Snacks Ltd.(up 4.26%), Emami Ltd.(up 3.65%), LT Foods Ltd.(up 3.29%), Parag Milk Foods Ltd.(up 2.13%), Adani Wilmar Ltd.(up 2.07%), ADF Foods Ltd.(up 1.77%), Varun Beverages Ltd.(up 1.60%), Gillette India Ltd.(up 1.54%) and Jyothy Labs Ltd.(up 1.47%) stood among the top gainers.

The NSE Nifty index ended the session 105.11 points up at 23591.95, while BSE Sensex rose 317.93 points to 77606.43.

MaxIQ, an artificial intelligence (AI)-powered revenue platform for B2B SaaS enterprises, has appointed Sastry Malladi as chief technology officer (CTO). With more than three decades of experience, Malladi will lead MaxIQ’s product and engineering organisation, the Dell Technologies Capital and Intel Capital-backed company said in a release. “I’m thrilled to join the leadership team at MaxIQ during this pivotal growth phase,” Malladi said.

Adani Group stocks have been on a strong upward run, adding nearly Rs 40,000 crore in market capitalization over the past 15 days. Except for Adani Enterprises, all group stocks ended higher on Thursday, coinciding with a significant boost for the company as Chairman Gautam Adani emerged as the top Indian wealth gainer in the Hurun World Rich List. Adani, whose wealth surged by around Rs 1 lakh crore, still lagged Mukesh Ambani, who claimed the title of Asia's wealthiest. However, Ambani dropped out of the world's top 10 wealthiest list, following a hit to his fortunes due to the poor performance of RIL. Gautam Adani's fortune grew by 13% in 2024, enabling him to rank among the top three in India.

NITI Aayog is working on a programme to improve India's penetration into global value chains for the growth of domestic micro, small and medium enterprises (MSMEs), its chief executive BVR Subrahmanyam said on Wednesday. Observing that MSMEs are more affected by regulations than large companies, he said the PM has taken a major step towards deregulation and a task force under the cabinet secretary is working on it.

Subscribe to enjoy similar stories. Accounting conventions require that capital is accounted for in the balance sheet of the enterprise, and expenditures and incomes in the profit-and-loss account. This is universal for all corporate enterprises, be they business ventures, government agencies or ‘non-profit’ organizations.

Reliance Power Ltd.(up 9.05%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Karma Energy Ltd.(up 2.12%), NHPC Ltd.(up 1.65%), Jaiprakash Power Ventures Ltd.(up 1.60%), Jyoti Structures Ltd.(up 1.43%), Power Grid Corporation of India Ltd.(up 1.17%), Transformers & Rectifiers(India)Ltd.(up 1.05%), NLC India Ltd.(up 1.02%) and Adani Energy Solutions Ltd.(up 0.94%) were among the top gainers.

The NSE Nifty index traded 1.35 points up at 23670.0, while BSE Sensex was down 60.05 points at 77957.14 as of 10:29AM(IST)on March 26.

On the BSE, Shivansh Finserve(down 19.96 per cent), Looks Health Services(down 12.05 per cent), Arcee Ind(down 9.90 per cent), Kesoram Inds.(down 9.56 per cent) and Mewat Zinc(down 9.18 per cent) were among the stocks that plunged over 5 per cent during the session.

Doug DeVos, global co-chairman of the Amway board of directors, and son of the $7.4-billion Amway Corp's co-founder Rich DeVos. The direct selling company, which makes Nutrilite protein powder and Glister toothpaste, sells its products to consumers primarily through its distributors, and not through physical or online stores. «There's a perception that there's something very different about direct selling or it's secret. I would say we've been the most transparent company; there are no secrets on how the business works; we just access the market slightly differently,» said DeVos.

Of this, Rs 3,30,049 crore has been realised through minority stake sales in state-run firms and Rs 69,412 crore from strategic sales of 11 central public sector enterprises (CPSEs), Chaudhary said in a written reply. The strategic sales proceeds don’t include Rs 12,100 crore and Rs 320 crore received for NINL and FSNL (Subsidiary), as the government didn’t have any direct equity in these companies. Other transactions yielded Rs. 37,981 crore. He said since FY15, 18 CPSEs, including Life Insurance Corporation of India, have been listed, which yielded Rs 51,225 crore. An additional market capitalization of Rs 7.31 lakh crore was achieved through the new listings, the minister added. After the listing, further disinvestment in various CPSEs through offers for sale yielded Rs 1,34,771 crore, and Rs 45,104 crore was realized from the buyback of shares by 45 CPSEs.

Bohra Industries Ltd.(up 2.00%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.14%) and Aries Agro Ltd.(up 0.59%) stood among the top gainers.

Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Kalpataru Projects International Ltd.(up 3.73%), Transformers & Rectifiers(India)Ltd.(up 1.32%) and GE Vernova T&D India Ltd.(up 0.02%) stood among the top gainers.

The NSE Nifty index ended the session 10.31 points up at 23668.65, while BSE Sensex rose 32.81 points to 78017.19.

Godrej Enterprises Group expects sales of its air conditioners to grow 50 per cent in the next fiscal on the back of continued robust demand and its new range of products, including smart ACs, a top company official said on Tuesday. With the early onset of summer, the group expects the overall industry demand for ACs to be strong at around 30-35 per cent growth but not as high as 60 per cent witnessed last year due to a high base, Godrej Enterprises Group, Business Head & EVP, Appliances Business Kamal Nandi told PTI here. The group on Tuesday ramped up its AC portfolio, including a premium range of smart ACs and also announced its foray into the commercial AC segment with Cassette ACs and Tower ACs. «We will be ending this year (FY25), doubling our volumes. We will be closing this year with about 10 per cent market share. This is up from 6.7 lakh to 14 lakh units. We are growing more than 100 per cent against industry growth that will be roughly about 36 per cent,» Nandi said when asked about the group's growth prospects.

Subscribe to enjoy similar stories. Wipro GE Healthcare, the 35-year-old joint venture between GE HealthCare and Wipro Enterprises, has started rolling out its $1 billion investment plan to expand manufacturing in India and boost exports, confident that it can dodge the impact of reciprocal tariffs that the US may impose on India’s medtech industry. The company expects to make about 70% of its products for the Indian market locally by 2030, a top executive said, compared with 40-45% currently.

Similarly, small and medium enterprises are reclassified as firms with investments in plant and machinery up to ₹5 crore and ₹125 crore, and turnover of ₹100 crore and ₹500 crore, respectively. «Enhancement in MSME definition addresses the anomaly crept in due to inflation as turnovers ballooned on raw material price hikes. The move also paves the way for MSMEs to build scale and become competitive,» said Anil Bhardwaj, secretary general, Federation of Indian Micro and Small & Medium Enterprises. The reclassification also allows more small enterprises to be eligible under the government's public procurement policy. Earlier, the enterprises exceeding the ₹50 crore turnover threshold for small enterprises couldn't avail benefit of MSE (micros and small) status.

Ola Electric's extensive store network and direct-to-home services. The S1 X Gen 3 is available in four variants, including the S1 X+ (4kWh) and S1 X (4kWh, 3kWh, and 2kWh). Compared to Gen 2, the Gen 3 platform delivers 20% more peak power, an 11% cost reduction, and a 20% increase in range, the company added.