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The bankruptcy court in Ahmedabad has rejected Gujarat-based Express Group of Hotels’ revival plan for Neesa Leisure Ltd, which operates a luxury hotel chain under the brand Cambay. The company has admitted liabilities of Rs 1,580 crore, whereas the resolution plan approved by the lenders proposed to give Rs 150 crore to them to acquire the company through the bankruptcy process. The successful resolution applicant had proposed Rs 250 crore towards capex and fresh funds, bringing the total value of the plan to Rs 400 crore.

Narendra Modi launched 52 tourism sector projects worth over Rs 1400 crore under the Swadesh Darshan and Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD) schemes on Thursday. Nine tourism infrastructure projects, spread across the country, developed under Swadesh Darshan and PRASHAD schemes worth Rs 469 crore were launched, besides 43 other projects worth Rs 963 crore were also launched under the two schemes of tourism ministry. The tourism ministry said in a statement that the project launch events were also carried out at all the 52 destinations, simultaneously by the ministry, state government, UT administrations and local authorities. The projects launched today included three projects under PRASHAD Scheme ( Hazratbal- Srinagar, Jogulamba- Telangana, Amarkantak-Madhya Pradesh) worth Rs 129.35 crore. The ministry said some of the major interventions developed in the projects include pilgrim facilitation centres, ghat development, façade illumination, sound and light shows, queue complex and safety and security infrastructure.

The Turkish energy minister says Turkey and Somalia have struck an oil and gas cooperation agreement for the Horn of Africa nation

NEW YORK (Reuters) — The International Monetary Fund said it is important to secure additional social assistance for Argentines amid a government push for economic reforms, and preserve the value of pensions.

Vedanta announced on Thursday, March 7, that it has received an administrative warning from capital markets regulator Securities and Exchange Board of India (SEBI) for "publishing information related to its unlisted ultimate holding company". In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by SEBI vide which an administrative warning has been issued to the metals-to-mining conglomerate.

₹1,443, LKP sees an upside of 22 per cent on HDFC Bank stock at a revised target price of ₹1,762 for the next 12 months. According to the brokerage, HDFC Bank is expected to overcome the merger overhangs gradually led by:- A healthy balance sheet growth-Much higher provision then regulatory requirement in the balance sheet-Best in class underwriting and risk management practices. Also Read: HDFC Bank raises its MCLR, base rate, prime lending rate.

Web3 messaging and social platform beoble has secured a strategic investment from Animoca Brands, a gaming and metaverse-focused venture capital firm.

Hamas says negotiations over a Gaza cease-fire and the release of more Israeli hostages will resume next week, after a delegation of the Palestinian militant group left Cairo

Federal airport security officials have unveiled a passenger self-screening checkpoint at Harry Reid International Airport in Las Vegas that they plan to test this year before beginning to use it around the country

Old Masters, Roman statues, modern furniture, tribal masks and vintage watches are vying for the attention of well-heeled collectors at the annual TEFAF art fair that opened in the southern Netherlands

Apple is opening small cracks in the iPhone’s digital fortress as part of a regulatory clampdown in Europe that’s striving to give consumers more choices

Cabinet Committee on Security has cleared a proposal for 34 new Advanced Light Helicopter (ALH) Dhruv choppers, of which nine will be inducted in the Indian Coast Guard while 25 of them will go to the Indian Army. The helicopters would be manufactured by Hindustan Aeronautics Limited. The Indian Coast Guard is going to get nine of these choppers, while the Indian Army will be inducting 25 of them into their fleets, top government sources told ANI.

Previous Elections and Current Scenario: In 2014, BJP secured seven out of the 14 seats, a number that increased to nine in 2019, marking their highest tally. The upcoming 2024 elections are pivotal, with BJP aiming to further bolster its seat count, while Congress is determined to stage a significant comeback. The elections are anticipated to be hotly contested, reflecting the shifting political landscape in Assam.

The world as of today is passing through some turbulent times – and it is this very turbulence that is boosting the prices of gold that have surged to record highs recently.

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asset management in Dubai due to technology. It was paper-laden, had fallibility in human performance, and laborious procedures marked the intake of goods in the ports earlier. But today, with the deployment of the advanced tracking system and the Internet of Things (IoT), the situation has gone to a complete U-turn.

Investing.com — U.S. futures edged higher Thursday, as investors await the second day of testimony of Fed chief Jerome Powell’s two-day testimony before Congress.

A proposal to tax high-earning Americans more as a way to address the fiscal challenges with Social Security and Medicare funding overlooks its broader impact on households and the economy.

During the months of January and February of 2024, the team has been working hard and had tremendous progress done on the development side.

The U.S. Securities and Exchange Commission (SEC) Commissioners, Hester Peirce and Mark Uyeda, have publicly criticized the agency’s unclear cryptocurrency enforcement policies following a recent settlement with ShapeShift.

Shares of New York Community Bancorp (NYSE:NYCB) saw a volatile premarket trading performance Thursday, a day after the embattled lender received a crucial financial lifeline following Wednesday’s stock price crash.