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From Cricket dreams to Rs. 100 crore success: How Aditya Dhar became Bollywood’s real ‘Dhurandhar’ From Cricket dreams to Rs. 100 crore success: How Aditya Dhar became Bollywood’s real ‘Dhurandhar’
Entertainment5 hours ago

From Cricket dreams to Rs. 100 crore success: How Aditya Dhar became Bollywood’s real ‘Dhurandhar’

Currently, Ranveer Singh starrer Dhurandhar 2: The Revenge is not only being screened at the box office around the country,...
Hrithik Roshan, Alia Bhatt and more lead Prime Video’s biggest slate yet Hrithik Roshan, Alia Bhatt and more lead Prime Video’s biggest slate yet
Entertainment7 hours ago

Hrithik Roshan, Alia Bhatt and more lead Prime Video’s biggest slate yet
Dhurandhar 2 storms box office with historic Rs. 100 crore opening, sets new benchmark Dhurandhar 2 storms box office with historic Rs. 100 crore opening, sets new benchmark
Entertainment10 hours ago

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Salman Khan Reunites With Himesh Reshammiya in Maatrubhumi Salman Khan Reunites With Himesh Reshammiya in Maatrubhumi
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Latest

Northeast India’s Aviation Boom: How New Airports Can Drive Jobs and Tourism 
Travel4 months ago

Northeast India’s Aviation Boom: How New Airports Can Drive Jobs and Tourism 

Jaideep Mirchandani, group chairman of Sky One, says a robust aviation infrastructure can enhance the region’s overall growth In September...
A tale of two CEOs: Ola Shares Slump after Bhavish's Bluster even as Deepinder Goyal Digs Deep to Soar High
Leadership1 year ago

A tale of two CEOs: Ola Shares Slump after Bhavish’s Bluster even as Deepinder Goyal Digs Deep to Soar High
ITC Ltd. received approval from the National Company Law Tribunal (NCLT) for demerging its hotel business. The order, issued by the Kolkata bench of the NCLT on Friday, will become effective the first day of the month following the filing of a certified copy with the Registrar of Companies in West Bengal and meeting other required conditions. In August 2023, ITC, the cigarettes-to-staples joined together, announced plans to spin off its hotel business into a separate entity. Under this scheme, ITC will retain 40% ownership in ITC Hotels, while shareholders will acquire the remaining 60%, proportionate to their current stake in the parent company. On Monday, ITC shares rose 2.2%, hitting Rs 514.8, after a recent three-day losing streak, where the stock fell almost 3% from its all-time high. The last positive trading day for ITC was last week when shares touched a record Rs 528.55. Profit-booking in early October led to the downturn, but despite this volatility, HSBC has maintained a "BUY" rating on ITC, raising its target price to Rs 580 per share. The company’s market capitalization stands at Rs 6,41,639.81 crore. ITC shares have had a third straight bearish trading day, but year-to-date gains remain positive, up nearly 10% on the BSE. Its price-to-equity ratio is 31.34x. Looking ahead, ITC will demerge its hotel business with a share ratio of 1:10, meaning shareholders will receive one ITC Hotels share for every ten ITC shares they hold. After the demerger, ITC’s stake in the hotels business will be reduced. ITC has a strong history of rewarding shareholders through bonuses, having issued bonus shares at ratios of 1:2 in 2005 and 2016, and 1:1 in 2010. This bonus trend is expected to continue.
Business1 year ago

ITC gains NCLT approval for hotel business demerger 
A recent study by the Reserve Bank of India (RBI) reveals that farmers receive just one-third of what consumers pay for key vegetables and fruits, with wholesalers and retailers capturing the rest. For vegetables such as tomatoes, onions, and potatoes (TOP), farmers earn 33% to 37% of the consumer price. The situation is similar for fruits, with farmers getting 31% of the price for bananas, 35% for grapes, and 43% for mangoes in the domestic market. The study points out that unlike sectors such as dairy, where farmers receive around 70% of the consumer price, vegetable and fruit farmers face lower returns due to inefficiencies in the supply chain. Perishable crops, inadequate storage, and multiple intermediaries all contribute to this gap. The COVID-19 pandemic exposed these issues, particularly during harvest seasons, when farmers often had to sell their produce at distress prices or discard them. Meanwhile, consumers face inflated prices during off-seasons, creating a boom-and-bust cycle for these essential crops. The RBI report emphasizes the need for investment in agricultural infrastructure, such as better storage facilities, logistics, and research to improve crop yields. It also highlights the importance of policy reforms to streamline the supply chain, reduce intermediaries, and improve market access for farmers. Addressing these challenges would ensure that farmers receive a fairer share of the consumer price and stabilise the market for both producers and buyers.
Business1 year ago

Farmers Get Pennies, Retailers Profit Big: RBI Study
Mumbai's Aqua Line Metro Launches, Promising to Reshape City Travel
Travel1 year ago

Mumbai’s Aqua Line Metro Launches, Promising to Reshape City Travel
Navratri 2024: A Celebration of Tradition with Dazzling Jewellery and Dances 
Entertainment1 year ago

Navratri 2024: A Celebration of Tradition with Dazzling Jewellery and Dances 
A commitment to crafting workplace excellence
Brand Speak1 year ago

A commitment to crafting workplace excellence
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C-SUITE

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Brand Speak

In a crowded and competitive marketplace, how do you ensure your brand stands out and remains top-of-mind for your target audience?
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Greenpanel: Engineering Trust in a Competitive Marketplace

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Pinq Polka Raises ₹4 Cr Pre-Series A
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Shark Tank India Featured Pinq Polka Raises Rs 4 Crore in Pre-Series A Led by Inflection Point Ventures 
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Leadership

Gopinath Natarajan Joins InvestorAi as President Gopinath Natarajan Joins InvestorAi as President
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Flipkart appoints Digbijay Mishra as new VP of Corporate Communications Flipkart appoints Digbijay Mishra as new VP of Corporate Communications
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Suzlon Energy Appoints Ajay Kapur as Group CEO Suzlon Energy Appoints Ajay Kapur as Group CEO
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