EXPANSION PLANS

Steel Authority of India Ltd (SAIL) plans to invest ₹6,500 crore this fiscal year as part of its ₹1 lakh crore capex over the next few years, said CMD Amarendu Prakash. Speaking at an Indian Steel Association event, Prakash addressed concerns over C...

Oyo's shareholder approval includes issuing Series G CCCPS shares, as per the scrutiniser's report, to raise funds and increase authorized share capital.

​​Venkataraman was talking to reporters after unveiling one of the company's Helios watch stores along with the 59th jewellery store Tanishq and the 7th Taniera store at Pondy Bazaar, in Chennai. Taniera offers the best of Indian sarees under one ro...

Business families, particularly in India, are increasingly seeking legal counsel to amend rigid Deeds of Family Settlement (DFS) originally drafted decades ago. These deeds, designed to safeguard inheritances, now pose challenges as younger generati...

State-owned Punjab National Bank is set to establish a representative office in Dubai, expanding its global presence. With board approval secured, regulatory clearance is underway. The bank aims to enhance profitability by focusing on various portfo...

Delhi International Airport (DIAL) plans to expand capacity by 30% due to increased aircraft orders. CEO Videh Kumar Jaipuriar discussed the expansion at the CAPA India Aviation Summit.

Leading hospital chains in India have reported improved average revenue per operating bed (ARPOB) and profitability in the latest quarter, driven by better payer mix and cost control measures. Expansion plans are underway, with a focus on markets li...

Noel Tata-led Trent is venturing into international markets with a flagship store in Dubai, targeting the Indian diaspora. Zudio, a key brand, has surpassed ₹7,000 crore in revenue in India. The company experienced another year of substantial growth...

Malaysia Airlines is facing challenges in expanding its operations in India due to a shortage of flying rights. The airline has exhausted its rights to Indian metros and is now planning to increase frequency from Amritsar to seven flights per week f...

Apeejay Surrendra Park Hotels, led by MD Vijay Dewan, reported a consolidated EBITDA margin of 35% for the past year, with plans for further improvement through efficiency measures and hotel upgrades. He says going forward, the EBITDA margins are go...

With a goal of reaching 45 stores by December 2025, House of Biryan targets revenues exceeding Rs 100 crore and aims to serve over 4,00,000 new customers. CEO Mohammed Bhol emphasizes product freshness and customization as key differentiators in the...

Amazon's AWS in talks with Italy to invest billions in expanding data centre business, boosting cloud offer in Europe.

Aster DM Healthcare announced a major expansion plan for Aster CMI Hospital in Bengaluru, increasing its bed capacity from 500 to 850 beds with a 300,000 sq ft infrastructure expansion. With a total of 1602 beds, the company strengthens its presence...

Indian Overseas Bank is set to establish 88 new branches across India in FY24. The bank recently opned a new branch in Nagapattinam and its 126th ATM in Puducherry. Managing Director and CEO Ajay Kumar Srivastava said that the bank's expansion strat...

Raghupati Singhania discusses the growth in demand for tyres in India, focusing on the passenger segment. He also touches on Mexico operations, EPR impact, net debt reduction, raw material cost increase, and expansion plans for premium sizes.

Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya s...

Thomas Cook India's Executive Chairman Madhavan Menon highlighted high airfares and limited airline capacity as significant challenges affecting both leisure and business travelers in India. Despite an increase in scheduled flights, the demand-suppl...

The Padma Shri awardee, who previously headed the ophthalmology department at All India Institute of Medical Sciences, told ET that he would be among the few entrepreneurs in this sector to remain in control of his company after private equity inves...

Apart from India, the music company sees China as another other important market. "There are two markets we talk about most often, and that would be China and India. But India is one of our key markets and one of our key vocal points for growth," th...