MUMBAI: Tata Group‘s flagship hospitality arm, The Indian Hotels Company, (IHCL) is set to acquire a controlling stake in midscale chain Clarks, strengthening its play in the country where tourism and business travel are rapidly growing. IHCL, known for the Taj chain, will buy 51% each in ANK Hotels and Pride Hospitality for a total…
NEW DELHI: William Grant & Sons, the maker of top Scottish whisky brands, such as Glenfiddich, Monkey Shoulder, and Balvenie, apart from Hendrick’s Gin, has called the India-UK trade deal a “landmark” agreement. This deal will lead to the entry of new higher-end editions in the country, apart from giving a fillip to the sale…
RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay Malhotra has said that the regulator has left it to individual banks to decide on the extent of minimum balance required and there was no regulatory restriction on that.“What kind of minimum balance required is left to the banks. Some of them have kept Rs…
NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in…
MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month – mostly through equity schemes – surpassing several records. Monthly gross flows through the SIP route, monthly net equity flows and total assets managed by the fund industry, all recorded new peaks in July.At…
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.“Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered…
Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to…
Buying property is expensive and often out of reach for most investors, but a real estate investment trust (REIT) offers a way to own a slice of income-generating property without purchasing it outright.A real estate investment trust (REIT) is an investment instrument modelled on mutual funds. Just as a mutual fund company pools investors’ money…
Air India Express has announced a “Freedom Sale” offering five million discounted seats to mark India’s 79th Independence Day.According to the airline, bookings can be made through its website, mobile app, and major travel portals until 15 August 2025, for travel between 19 August 2025 and 31 March 2026. The sale period covers the festive…
The market sentiment improved after the announcement that Trump and Russian President Vladimir Putin will meet. (AI image) US President Donald Trump’s move to impose 50% tariffs on India doesn’t seem to have worried the Indian stock markets too much. In fact, BSE Sensex and Nifty50 have shown resilience in the face of the Trump…
