Monday, November 9

Business

Royal Stag BoomBox expands India’s live music economy with grand Guwahati kickoff
Business

Royal Stag BoomBox expands India’s live music economy with grand Guwahati kickoff

The third edition of Royal Stag BoomBox – The Original Sound of Generation Large commenced in Guwahati’s Saru Sajai Stadium Complex on March 1, marking a significant boost for India’s live entertainment industry. Combining Bollywood melodies with hip-hop beats, the event drew thousands, reinforcing the growing demand for experiential music festivals in the country. With power-packed performances by DJ Yogii, rapper Ikka, singer Nikhita Gandhi, and a grand finale by Armaan Malik, the festival created an immersive cultural experience. Beyond music, curated food zones, interactive gaming, and art installations contributed to the economic footprint of the event, benefiting local businesses, tourism, and hospitality sectors. Kartik Mohindra, Chief Marketing Officer, Pernod Ricard India, ...
Tata Motors, Tata Investments shares upsurge to 3% amid reports that Tata Capital is eyeing $11 billion valuation
Business, News

Tata Motors, Tata Investments shares upsurge to 3% amid reports that Tata Capital is eyeing $11 billion valuation

Shares of Tata Motors and Tata Investments rose up to 3 per cent on March 4, amid reports that Tata Capital, the financial services arm of the Tata Group, is eyeing a valuation of $11 billion for its upcoming public offering. While Tata Motors holds about 4 per cent stake in Tata Capital, Tata Investments holds about 2 per cent equity, which means a higher valuation for the company would bode well for the other two Tata Group companies. Meanwhile, Tata Investments (TICL) also acts as the investment arm of the Tata Group, holding stakes in several Tata companies. Hence, any major development at the group level, such as Tata Capital's IPO, boosts TICL's prospects, as it benefits indirectly from the rising valuation of its portfolio companies. In this sense, shares of Tata Investmen...
GST collections upsurge 9% to ₹1.84 lakh crore; experts say it is a sign of economic revival
Business, News

GST collections upsurge 9% to ₹1.84 lakh crore; experts say it is a sign of economic revival

Gross GST collections rose 9.1% to around ₹1.84 lakh crore in February, boosted by domestic consumption and indicating a possible economic revival. On a gross basis, ₹35,204 crore came from Central GST, ₹43,704 crore from State GST, ₹90,870 crore from Integrated GST and ₹13,868 crore from compensation cess, according to official data released on Saturday. GST revenue from domestic transactions rose 10.2% to ₹1.42 lakh crore during February, while that from imports rose 5.4% to ₹41,702 crore. Total refunds issued during February were ₹20,889 crore, up 17.3% compared to the year-ago period. Net GST collections during February 2025 grew 8.1% to nearly ₹1.63 lakh crore. Gross and net GST revenues in February 2024 were ₹1.68 lakh crore and ₹1.50 lakh crore, respectively. Gross GST ...
IndiGo shares rose as market share rises in January
Business, News

IndiGo shares rose as market share rises in January

IndiGo share price: Shares of InterGlobe Aviation, the country's largest airline operator, rose 1.78% to hit an intraday high of ₹4,520, amid weak market conditions as the company further consolidated its dominance in the Indian skies. The company's market share in the aviation market rose to 65.2% in January from 64.4% in the previous month. IndiGo also recorded the highest on time performance (OTP) at 75.5%, while Akasa Air's was at 71.5% in January, data from the Directorate General of Civil Aviation showed. Meanwhile, domestic air traffic in January grew 11.28% from a year earlier to 14.6 million, according to official data. Akasa Air and SpiceJet's market share increased by 4.7% and 3.2%, respectively. The number of passengers carried by domestic airlines during January 2...
HDFC Life unveils Click 2 Achieve Par Advantage to boost financial security
Business

HDFC Life unveils Click 2 Achieve Par Advantage to boost financial security

HDFC Life, one of India’s leading life insurers, has launched HDFC Life Click 2 Achieve Par Advantage, a participating life insurance plan designed to help individuals meet financial milestones with liquidity, flexibility, and long-term security. The plan offers key features such as Policy Continuance Benefit (PCB), which waives future premiums while continuing benefits for nominees in case of the policyholder’s demise. It also provides a customizable Death Benefit Multiple (5x, 7x, or 11x) and a Paid-Up Addition option, allowing customers to convert cash bonuses into encashable benefits. Additionally, it includes life coverage for spouses and tax benefits under applicable laws. Commenting on the launch, Aneesh Khanna, Head of Products & Segments, HDFC Life, stated, “This produc...
ELECRAMA 2025 serves as a competitive stage for 20 of the most promising startups
Business

ELECRAMA 2025 serves as a competitive stage for 20 of the most promising startups

The 3rd Edition of Electraverse Sparks, IEEMA’s flagship program for startups, took center stage on Day 4 of ELECRAMA 2025, bringing together 20 pioneering startups competing to showcase breakthrough innovations in energy, electronics, AI, automation, and sustainability. The event served as a platform for both early-stage and late-stage startups to present cutting-edge solutions that could transform the industry. The World Utility Summit concluded with insights from Vijay Mittal (IOFS), Joint Secretary, Ministry of Heavy Industries, emphasizing grid modernization, sustainable energy policies, and digital transformation in the power sector. He highlighted India’s rising energy demand and the necessity of strengthening domestic manufacturing, supply chain resilience, and green energy adopti...
Nvidia stock tumbles 8.5% – biggest one-day downgrade in a month
Business, News

Nvidia stock tumbles 8.5% – biggest one-day downgrade in a month

Leading AI chipmaker Nvidia Corp saw its stock fall 8.5% on Thursday - the biggest drop in a month - after delivering quarterly results that were strong but failed to meet investors' sky-high expectations. The company guided for fiscal first-quarter sales of about $43 billion, slightly ahead of analysts' average estimate of $42.3 billion but below some high estimates that had reached $48 billion. The drop in share price comes after concerns that demand for Nvidia's AI chips could slow due to spending cuts by data center operators. Additional to the pressure, Nvidia warned that profit margins could be lower than estimates due to the acceleration of the rollout of its new Blackwell chip architecture. The company also faces potential challenges from U.S. tariffs that could impact futur...
Shell forecasts 60% upsurge in global LNG demand by 2040
Business, News

Shell forecasts 60% upsurge in global LNG demand by 2040

Global demand for liquefied natural gas (LNG) will increase by 60% by 2040, according to Shell's LNG Outlook 2025, released today. The growth forecast is driven mainly by economic growth in Asia, industrial emissions reduction initiatives and energy requirements for artificial intelligence technologies. Industry analysts now estimate that LNG demand will reach between 630-718 million tonnes annually by 2040, an upward revision from previous estimates. This comes as global LNG trade grows by just 2 million tonnes to 407 million tonnes in 2024, marking the slowest annual growth in ten years due to limited new supply growth. "The world will need more gas for power generation, heating and cooling, industry and transport to meet growth and decarbonisation targets," said Tom Summers, seni...
ELECRAMA 2025 signals growth in power equipment exports
Business

ELECRAMA 2025 signals growth in power equipment exports

ELECRAMA 2025 is reinforcing India’s ambition to become a global exporter of power equipment, bringing together over 120 industry leaders, policymakers, and experts. Discussions at the event focused on energy transition, AI-driven power management, and smart grids, underscoring the country’s strategic push toward modernization and sustainability. Shri Pankaj Agarwal, Secretary, Ministry of Power, highlighted the government’s commitment to clean energy, grid modernization, and domestic manufacturing. “India is rapidly emerging as a major power equipment exporter, with global players showing strong interest in our manufacturing capabilities,” he stated. Shri Gurdeep Singh, CMD, NTPC, reaffirmed NTPC’s leadership in expanding India’s non-fossil fuel capacity to 500 GW by 2030. The Wome...
CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain
Business

CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain

The Customized Energy Solutions Foundation (CESF) is set to host a state-level Silk Link workshop in Shillong on February 26, 2025, at Vivanta Meghalaya, aiming to strengthen the Eri silk value chain across the state. With Ri-Bhoi district at the center of Meghalaya’s Eri silk industry, the initiative seeks to expand production beyond the current four districts to tap into the state’s full potential. CESF Director Ms. Netra Walawalkar highlighted the economic significance of the Eri silk sector, stating, “Expanding production across all districts has the potential to engage a much larger workforce and substantially increase the sector’s economic contribution.” The workshop will bring together key stakeholders, including government agencies, financial institutions, civil society organiz...