IntroductionKolkata-headquartered conglomerate ITC Ltd has officially announced that the planned demerger of its hotel business into a separate entity, ITC Hotels Ltd, will take effect on January 1, 2024. The demerger marks a strategic move to unlock value for shareholders while ensuring focused growth for the hospitality segment. Details of the Demerger Conditions FulfilledITC has…
IntroductionAmitabh Kant, former NITI Aayog CEO and G20 Sherpa, has called for an accelerated adoption of electric vehicles (EVs) in India, stressing the need for bold action to position the country as a global leader in green mobility. Speaking at the Green Bharat Summit in New Delhi, Kant shared his personal commitment to EVs and…
U.S. Customs agents began collecting a new 10% tariff on imports from numerous countries starting Saturday, marking a dramatic shift in American trade policy under President Donald Trump. These baseline tariffs took effect at ports, airports, and customs warehouses at 12:01 a.m. ET, representing a full departure from the post-World War II model of mutually…
India is preparing for a deluge of mega listings this year that may send the value of initial public offerings soaring past 2024’s record run, even as the nation’s economy wobbles and currency faces growing strains. At least seven companies are in the pipeline to raise at least $1bn each this year, according to investment…
In today’s globalized world, the nexus between wealth, power, and influence is more apparent than ever. It’s not just about the riches amassed by the world’s wealthiest individuals but also about how they utilize their wealth to shape the economic landscape of countries. In this article, we’ll explore the fascinating notion that the world’s wealthiest,…
ITC Limited’s board has given in-principle approval for the demerger of its Hotels Business under a scheme of arrangement. This strategic move, as per a regulatory filing on July 24, will allow the hotel business to function as a separate entity within the rapidly expanding hospitality industry, focusing on its growth path with an optimal…
Introduction In this article, we explore the key triggers that have the potential to influence and drive a stock market rally in the near term. Understanding these factors is essential for investors and market participants to make informed decisions and capitalize on market opportunities. By analyzing market dynamics and identifying the critical catalysts, we can…
Foreign Portfolio Investors (FPIs) have been steadily withdrawing funds from the Indian equity market, with a notable sell-off of Rs 30,000 crore in the first fortnight of March 2025. This trend follows a significant outflow of Rs 34,574 crore in February and Rs 78,027 crore in January, bringing the total outflow to Rs 1.42 lakh…
Profits Unveiled In its financial update for Q3 ending December 31, 2023, Kotak Mahindra Bank showcased a net profit of Rs 3,005 crore. This marked a noteworthy 7.6 percent YoY growth, despite falling slightly below analyst projections of a Rs 3,243 crore profit. Net Interest Income Triumph The bank’s net interest income (NII) outshone expectations,…
Raymond Ltd announced on July 4 that its board has approved the demerger of its real estate business, Raymond Realty Limited, aiming to unlock the full value of this segment. Unlocking Growth Potential in Real Estate The primary objective of this demerger is to capitalize on the growth opportunities within the real estate sector and…
