Industry
Expecting 15-20 pc exports growth in alcoholic beverages this yr: Official
India's alcoholic beverages exports are growing rapidly. This year, growth is expected to be 15-20 per cent. The market is valued at USD 135 billion globally, with India's share at USD 350 million. Major export destinations include UAE, Singapore, and Kenya. The government is promoting these exports through participation in global fairs and market access initiatives.
Zoomcar implements debt restructuring for the next long drive
Zoomcar is actively restructuring its debt to reduce obligations of $31 million by June 30, 2024. The company has negotiated with lenders and vendors to convert 75% of its debt into deferred payments or reduced settlements. This effort aims to be completed by November 2024, lowering cash outflow and enabling future investments.
- HFCL expects 70% revenue in fibre optic, 50% in telecom gear from exports in 3 years
- Court orders Godrej Projects to refund Rs 4 crore to homebuyers for not building road, amenities 7 years after booking
- GST Compensation Cess Future: Group of Ministers proposes merger with taxes
- Accused behind threat messages being identified: Civil Aviation secretary tells parliamentary panel
- Win for Musk’s Starlink as India says no to spectrum auction pitch from Ambani, Mittal
- No bomb found on Air India Express plane: Singapore police
- Strides Pharma's OneSource raises Rs 801 crore in pre-listing round
- Cabinet approves MSP hike on Rabi crops, providing pre-Diwali relief to farmers
- Akasa Air Delhi-Bengaluru flight receives bomb threat, diverted back to Delhi
- Ericsson's India R&D centres enhance focus on network APIs for 5G innovation
- Bomb threats to flights increasing, Centre to double deployment of Air Marshals on 'sensitive routes'
- SC reserves verdict on plea against NCLAT order transferring Jet Airways to winning bidder
- Akasa Air Delhi-Bengaluru flight receives bomb threat, diverted back to Delhi
- Ericsson's India R&D centres enhance focus on network APIs for 5G innovation
- Bomb threats to flights increasing, Centre to double deployment of Air Marshals on 'sensitive routes'
- SC reserves verdict on plea against NCLAT order transferring Jet Airways to winning bidder
- Disney Star secures eight sponsors for Pro Kabaddi League
- Prime Video to launch ad-free subscription tier at higher price in India
Auto News
- Zoomcar implements debt restructuring for the next long drive
- Nitin Gadkari asks automakers to make flex fuel vehicles more acceptable to public
- Skoda looks to tap lucrative sub-4 mtr segment with compact SUV Kylaq
- Jaguar Land Rover retail sales up 36 pc to 3,214 units in Apr-Sep
- Nitin Gadkari urges automobile industry to promote ethanol, flex fuels
Banking/Finance News
- Kotak Mahindra Bank’s aim to be 3rd largest private lender exposes it to significant M&A risk: Bernstein
- Central Bank of India gets CCI's nod to acquire stakes in two Future Generali entities
- Biz2X surpasses Rs 9,000 crore mark in loan disbursements
- Acko appoints Sandip Goenka as CEO of Acko Life
- National Insurance Company picks out assets to sell amid poor solvency
Cons. Products News
- Expecting 15-20 pc exports growth in alcoholic beverages this yr: Official
- World Food Day 2024: 7 bizarre foods you won't believe exist
- Apple iPad Mini 2024 launched in India under Rs 50,000: Check features & availability
- ICRA forecasts 20-25% growth for Indian room air-conditioner industry in FY'25
- Reliance Jio launches JioBharat V3 and V4 phones with 4G features at Rs 1099
Energy News
- India's Russian oil imports rise 11.7% in September, data shows
- World to move into 'age of electricity' after surplus fossil fuel supplies, IEA says
- Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
- Imported coal-based power units to run at full steam till Dec 31
- Adani Power, Jindal Power, Vedanta, four others in race for Sinnar thermal plant
Must Watch
Renewables News
- Amid challenges from China, India to become exporter of solar modules by 2029: CRISIL
- BMW CEO Oliver Zipse says EU combustion-engine ban ‘no longer realistic’
- Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged
- Ola Electric gains market share amid festive season sale
- VA Tech WABAG bags Rs 1000 cr order from Indosol Solar
Ind'l Goods/Svs News
- Bhopal mining conclave: Madhya Pradesh seeks to become an industrial hub
- Gujarat govt auctions 25 major and 2,280 minor mineral blocks
- TV Narendran elected as worldsteel Chairman; second Indian to head global body
- Coal India's process for signing fuel supply pacts becomes digital
- India's coal import rises 11 pc in Apr-Aug period
Healthcare/Biotech News
- Strides Pharma's OneSource raises Rs 801 crore in pre-listing round
- Government seeks dismissal of plea on Covishield deaths, Supreme Court to hear on November 26
- Cipla, Alkem Laboratories in final lap to buy SMT
- Delhi HC allows Zydus Lifesciences to sell breast cancer drug Sigrima
- Supreme Court seeks govt response on Serum Institute's challenge to taxation of subsidies following 2015 income tax amendment
Services News
- Court orders Godrej Projects to refund Rs 4 crore to homebuyers for not building road, amenities 7 years after booking
- Vibhor Jain, Cushman & Wakefield’s MD for north India quit, start own venture
- Hong Kong’s The Executive Centre to add 275,000 sq ft in India
- ICAI takes matters into its own hands with new quality management standards
- Vacancy rate dips further as office space demand remains robust
Media/Entertainment News
- Disney Star secures eight sponsors for Pro Kabaddi League
- Prime Video to launch ad-free subscription tier at higher price in India
- JetSynthesys execs foray into Hollywood with Destry Allyn Spielberg's directorial debut
- After Stree & Kalki's efforts, can Singham and Pushpa bring PVR Inox back to profit?
- RIL expects Star-Viacom18 merger deal closure in Q3
Transportation News
- No bomb found on Air India Express plane: Singapore police
- Akasa Air Delhi-Bengaluru flight receives bomb threat, diverted back to Delhi
- Bomb threats to flights increasing, Centre to double deployment of Air Marshals on 'sensitive routes'
- SC reserves verdict on plea against NCLAT order transferring Jet Airways to winning bidder
- IndiGo, Malaysia Airlines enter codeshare partnership for enhanced connectivity in India, Malaysia
Telecom News
Ericsson to expand R&D base in India, focuses on AI, 6G development
Win for Musk’s Starlink as India says no to spectrum auction pitch from Ambani, Mittal
Ericsson's India R&D centres enhance focus on network APIs for 5G innovation
'Easier' policy for Musk's Starlink: Akash Ambani, Mittal raise concerns at event attended by Modi
No delay on BSNL 4G delivery, in talks with others for 4G-5G stack: TCS