Business News

Chennai-based EID Parry is the oldest company in the 2022 Burgundy Private Hurun India 500 list of most-valued private companies, with a value of ₹10,987 crore. The value of the 234-year-old EID Parry is not very far from that of the youngest company on the list – GlobalBees which is valued at ₹9,100 crore.The list has 25 companies which are over 100 years old.

GST revenues rose by 11 per cent to about ₹1.46 lakh crore in November over the year-ago period, the Finance Ministry said o...

State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with Titagarh Wagons and is among five entities which have bid for the mega Rs 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years.

Serum Institute of India, BYJU’S, Ola, OYO among top 10 valuable unlisted companies...

Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running.

BharatPe cofounder and former managing director Ashneer Grover has finally spoken about being from Season 2 of Shark Tank India, a business reality show where contestants pitch their businesses, looking to from the sharks. Ashneer Grover was one of the most popular sharks from the first Season and was known for his famous one-liners such as “ye sab doglapan hai”, “kya kar raha bhai tu” and “bilkul bakwaas idea hai.

Manufacturing activities in India touched a three-month high in November as new orders and exports expanded boosted by demand resilience and substantial easing of cost pressure, according to a monthly survey released on Thursday.

The industrial automation business of Wipro Infrastructure Engineering, a Wipro Enterprises entity, on Thursday announced it...

Volume contraction for the FMCG sector was more pronounced in rural areas, says a BNP Paribas report. While the research fir...

The growth rate in the production of eight key sectors slowed down to 0.1 per cent in October against 8.7 per cent in the same month last year, according to the official data released on Wednesday. In September, the core sectors' output growth stood at 7.8 per cent.

The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday.

The Indian hospitality sector witnessed a strong growth in the third quarter (Q3) this year primarily due to corporate travel.According to the JLL report, the revenue generated per available room (RevPar) growth in Q3 2022 was recorded as 89.6% as compared to Q3 2021.Bengaluru saw the highest RevPar growth of 241% in the Q3 2022 as compared to the same period last year.

Essar Oil UK Limited has announced its plan to build a 360 million-pound major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low-carbon refinery by 2030.

India’s digital payments ecosystem has been growing at a rapid pace over the past few years, supported by widespread adoptio...

Uber has introduced several features to its application to enhance security and safety. Passengers can connect with the Uber...

The shares of television channel company New Delhi Television Ltd (NDTV) on Wednesday hit the upper circuit at the bourses with the change of guard at the promoter's holding company RRPR Holding Private Ltd.

Vegan Burmese restaurant chain Burma Burma and Tea Room has raised over $2 million in a seed funding round led by Mumbai-based Negen Capital. The round also saw participation from Bbigplas Poly and other angels. Burma Burma Restaurant and Tea Room were founded by Ankit Gupta and Chirag Chhajer. It was founded to introduce Burmese cuisine, offering Myanmar’s authentic taste and cuisine and providing a window into its culture.

Vikram Kirloskar’s love for engineering took him to one of the world’s best institutes – MIT. As a trainer, his task was to improve the quality of pr...

Jio Haptik partnered with financial wellness platform CASHe on Tuesday to enable instant credit line disbursals on Whatsapp. Jio Haptik is a WhatsApp chatbot solution provider, which was acquired by Reliance Industries in 2019.

Vistara to merge with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara while Singapore Airlines owns the remaining 49 per cent. Singapore Airlines will also invest ₹​2,058.5 crores in Air India giving it a 25.1 per cent stake in the Air India group.

With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing Rs 70 per cent of their admitted claims of Rs 790,626.2 crore) the number of cases admitted for Corporate Insolvency Resolution Process (CIRPs) has increased since the launch of the Insolvency and Bankruptcy Code in 2016, said CARE Ratings.

Having amenities like fitness facilities, clubhouses, swimming pools and tennis courts have become an important factor to consider while looking for new homes for people.The demand for housing properties has been increasing post pandemic, with real estate becoming an important investment for people, beating even gold and stocks.According to Edelweiss wealth research report, the realty developer is planning to reduce gross debt by ₹350-400 crore by FY24 by generating high operating cash flows and monetising assets.