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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Diu eyes a new identity: Goa minus casinos, nightlife
Keen to move beyond its reputation as a weekend escape for drinkers from dry Gujarat, the administration is exploring a dramatic shift: a plan to lease out the 16th-century Portuguese-built Diu Fort for destination weddings and rebranding the beach town as a family-friendly retreat.
“Diu will soon be Goa minus the casino and nightlife,” Diu collector Rahul Dev Boora told ET. “Both Diu and Goa share a Portuguese legacy, but for tourists seeking a family getaway, Diu will always have the edge.”
He said the administration is developing two promenades, a ropeway and new roads to enhance the appeal of this 40 sq km tiny coastal enclave, part of the Union Territory of Daman and Diu.
“We are planning to rent out Fort Diu for weddings and big events. With Taj (Hotels) set to manage three government properties as upscale hotels – including our Circuit House, which is already operational under its Ginger brand – Diu will soon have ample luxury accommodations to cater to its high-end tourists,” he said.
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A curious trend, however, defines Diu’s tourism – more domestic visitors come for the day than those who stay the night. Official figures available with the district administration reveal that in 2024, the beach town welcomed 379,000 domestic tourists and 1,392 foreign visitors. Yet, an additional 402,000 domestic tourists arrived only to leave by sundown, a pattern largely driven by drinkers from dry Gujarat flocking to its shores.
Now, the administration wants to rewrite that narrative, nudging Diu toward
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
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Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
21.05 / 09:47
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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