Prestige Estates hospitality arm raises ₹3,000 crore from CPPIB
Business Lineby PTI·14d ago
Realty firm Prestige Estates Projects Ltd on Tuesday said its hospitality arm has raised Rs 3,000 crore from Canada Pension Plan Investment Board (CPPIB) by diluting a 27 per cent stake.
IRDAI insurance reforms: IBAI flags commission caps and expense cuts
Business Lineby G Naga Sridhar·14d ago
The Insurance Brokers Association of India (IBAI), the apex body for licensed insurance brokers, expressed serious concern on Tuesday over the insurance regulator’s proposed distribution reforms.
Spain housing crisis: Government unveils new measures amid protests
Business Lineby Bloomberg·14d ago
Spain’s government is overhauling housing rules to head off mounting unrest over soaring costs, after protests swept the country the past week and demonstrators set up camp in central Madrid.
India, Qatar accelerate Bilateral Investment Treaty and FTA engagement
Business Lineby PTI·14d ago
Finance Minister Nirmala Sitharaman on Tuesday met Qatari ministers of finance and foreign trade and discussed completing the Bilateral Investment Treaty and engagement for a free trade agreement.
‘Nuclear energy is the only clean, reliable 24x7 source of base load power’
Business Lineby Rishi Ranjan Kala·14d ago
Pointing out that nuclear energy is the only long-term, reliable and clean source of 24x7 base load power, Kirill Komarov, first Deputy Director General for Corporate Development and International...
Karnataka Government approves Global Technology Centres in Belagavi and Hubballi
Business Lineby BL Bengaluru Bureau·14d ago
The Karnataka Government has approved the establishment of Global Technology Centres (GTCs) in Belagavi and Hubballi to expand Karnataka’s technology growth beyond Bengaluru to different parts of...
India, EFTA to review trade pact a year on, eye new opportunities
Business Lineby Amiti Sen·14d ago
India and the European Free Trade Association (EFTA) countries (Switzerland, Norway, Iceland and Liechtenstein) will review the implementation of their Trade and Economic Partnership Agreement...
Sovereign cloud framework proposed to safeguard India’s digital infrastructure
Business Lineby BL New Delhi Bureau·14d ago
To protect national security and prevent geopolitical interference over its digital economy, the Centre for Digital Economy Policy Research (C-DEP Research) has proposed a structured pathway for...
H-1B registrations by Indian IT firms plunge 92% for FY27
Business Lineby Sanjana B·14d ago
The sharp fall in H-1B registrations by Indian IT firms for FY27 signals that higher immigration costs are reshaping their US staffing strategies, pushing companies towards local hiring and...
Amazon starts focusing on large enterprise segment in B2B
Business Lineby BL Kolkata Bureau·14d ago
E-commerce giant Amazon, which has been focusing on the MSME sector for the past nine years to grow its business in the B2B segment in India, has also started focusing on the large enterprise...
Rupee briefly breaches 96 mark, but pulls back
Business Lineby BL Mumbai Bureau·14d ago
After briefly breaching the psychologically crucial 96 to the US dollar mark, the rupee pulled back to close unchanged on Tuesday, supported by dollar selling by banks, likely at the behest of RBI...
Digital agriculture and the problem of exclusion
Business Line·14d ago
Digital tools, including AI, are increasingly being promoted as having the potential to enhance farm productivity and incomes in a sustainable manner.
Letters to Editor
Business Line·14d ago
FCNR(B): Hidden costs This refers to ‘A closer look at FCNR(B) swap scheme’ (September 29). It appears that RBI may have adopted a short-sighted approach when the special FCNR(B) swap scheme was...
Why bond yields are staying high
Business Lineby Barendra Kumar Bhoi; Vani Nair·14d ago
High bond yields are currently a global phenomenon. The rise in sovereign bond yields is no longer limited to an inflation premium.
Easing global prices, rising arrivals and muted demand likely to weigh on Indian cotton prices
Business Lineby Vishwanath Kulkarni·14d ago
Easing global prices are likely to weigh on domestic cotton prices as arrivals see a gradual increase amid muted demand and expectations of the crop being impacted by deficit rain.
Tripping up
Business Line·14d ago
Last week, the government invoked Section 11 of the Electricity Act, 2003 mandating private firms to run captive power plants at maximum capacity and feed the surplus to the national grid.
Bidding for PM eBus Sewa comes from software to film making companies
Business Lineby S Ronendra Singh·14d ago
Eager to secure a share of the government’s PM-eBus Sewa scheme, a diverse mix of non-automotive players, including software, solar energy and film production, has thrown its hat into the ring to...
Financial accommodation: RBI’s committee recommends 11.2% increase in States’ avg WMA limit
Business Lineby BL Mumbai Bureau·14d ago
Considering States’ growing budget size, which could lead to higher liquidity support requirement from the Reserve Bank of India, there is a case for increasing the Ways and Means Advances (WMA)...
Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
Business Lineby Prabhudatta Mishra·14d ago
Union Agriculture Minister Shivraj Singh Chouhan on Tuesday defended the reduction and abolition of import duty on certain edible oils, saying the government has to take a balanced view to ensure...
Ultraviolette to launch 100V-powered Shockwave electric motorcycle in Q1 2027
Business Lineby BL Bengaluru Bureau·14d ago
Ultraviolette’s upcoming electric motorcycle, the Shockwave, will be built on the company’s newly developed 100V architecture and is slated for launch in the first quarter of 2027.
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