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MUMBAI :Hotel room demand will outpace supply between FY25 and FY28, despite a 5–6% annual rise in premium room additions according to rating agency Icra. Occupancies are projected to rise 200 basis points to 72–74% in FY26, with average room rates increasing 3–6% to Rs 8,200–8,500. Demand is expected to expand 8–10% annually. “India’s premium…
NEW DELHI: Goldman Sachs on Monday raised Indian equities to “overweight” and set a target of Nifty hitting 29,000 by 2026-end, driven by improving financial conditions and growth supportive policies by the govt and RBI.“With a year-long earnings downgrade cycle stabilising in the past few months and showing signs of recovery, coupled with our expectations…
NEW DELHI: Quality control orders (QCOs) are not just meant to help improve standards within the country but have also emerged as tools to help govt get foreign countries to open the doors for Indian exports, officials said. They cited the instance of European Union, which was not allowing Indian fisheries exports for nine years,…
Global stock markets rose sharply on Monday as investors showed optimism amid reports that the US government shutdown could soon be resolved, after a breakthrough in the record 40-day standoff.Dow was trading up 115 points or 0.25%, reaching 47,103. Nasdaq also inched 1.95% or 448 points, to trade at 23,452 at 8:50 PM IST. S&P…
NEW DELHI: Britannia Industries Ltd announced on Monday that Varun Berry has resigned from his positions as executive vice-chairman, managing director and chief executive officer after leading the company through ten years of expansion and growth.Berry submitted his resignation on November 6, 2025, which the company’s board acknowledged and accepted during their meeting on November…
Microsoft co-founder Bill Gates has advice to offer to students which included looking beyond academic performance, saying that grades alone do not determine success. Healso urged young people to build meaningful relationships and recognise the diverse abilities of others, calling these qualities essential for both professional and personal growth.In a 2018 Instagram post, Gates shared…
Sitharaman holding pre-budget talks NEW DELHI: Finance Minister Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with leading economists in New Delhi, marking the start of preparations for the Union Budget 2026-27. Senior officials from the Department of Economic Affairs (DEA), including the Secretary, Chief Economic Adviser, and other key officers, attended the…
On its first day of trading on the stock market, Lenskart’s failed to match the excitement that had built around its IPO in recent weeks.On Monday, the stock listed at Rs 390 on the NSE, entering 3% lower than the issue price of Rs 402. For a company widely regarded as one of India’s most…
The United States and China have begun rolling back trade actions, after the Busan meeting ended with “a great success.”Beijing recently suspended the export ban on ‘dual use’ materials while US reduced the fentanyl related duties from 20% to 10%.China also suspended the ‘special port fees’ on US vessels. The transport ministry announced that from…
India’s share valuations continue to remain elevated despite the underperformance. (AI image) Expressing confidence in the Indian stock markets, Goldman Sachs has raised its rating to ‘overweight’ and set a 29,000 level target for Nifty50 by end-2026. The latest Goldman Sachs report suggests a potential increase of approximately 14% from Friday’s close of 25,492.The firm…
