Business

New Delhi: Russian President Vladimir Putin arrives in India today for a two-day visit and will be staying at the iconic ITC Maurya Hotel in Delhi. Known as a preferred choice for global leaders visiting India, the hotel has hosted several US presidents, including Joe Biden, George W. Bush, Barack Obama, Bill Clinton, and Donald Trump. The Chankya Suite – A Landmark of LuxuryPresident Putin will reside in the hotel’s Grand Presidential Suite, the Chankya Suite, located on the 14th floor. This 4,600 sq. ft. suite opened in 2007 and has been the choice of many world leaders and dignitaries over the years, including the Dalai Lama, former UK Prime Minister Tony Blair, and the King of Saudi Arabia, King Abdullah. The suite features: A master bedroom with walk-in wardrobe and private ...

New Delhi: Russian President Vladimir Putin’s upcoming visit to India has caused a spike in Delhi’s five-star hotel rates, turning the city’s luxury accommodations into a hot commodity. Currently, booking a standard room in Lutyens’ Delhi starts at a minimum of ₹85,000 per night, with premium rooms exceeding ₹1 lakh. High Demand Due to Multiple EventsThe surge is attributed not only to President Putin’s arrival with a large delegation but also to a busy calendar of events in Delhi. November marks the start of the North India tourist season, and international travelers are arriving in large numbers. Additionally, major events—including a taxation meet at Bharat Mandapam, a paper expo at Yashobhoomi, and a UNESCO conference—are coinciding with the peak wedding season. According to reports...

Authored By: Shishir Chaurasia | Navbharat Times • 4 Dec 2025, 10:55 AM New Delhi: Many individuals assume that having a retirement corpus of ₹2 crore will be sufficient to live a relaxed, worry-free life after retirement. However, with rising inflation, this assumption could be misleading. CA Abhishek Valia, founder of Zactor, explains why careful planning is essential for a comfortable post-retirement lifestyle. The Reality of Rising ExpensesValia shared the example of a friend who confidently believed that ₹2 crore would secure his life after 60. Starting with a modest monthly expenditure of ₹50,000—a typical middle-class lifestyle without luxury—Valia demonstrated how inflation could dramatically increase costs over time. How ₹50,000 Today Can Become ₹2.87 Lakh in 30 YearsAssu...

New Delhi: The Union Government recently introduced a bill in the Lok Sabha to levy excise duty on tobacco products, which was passed unanimously on Wednesday. Responding to discussions in the House, Finance Minister Nirmala Sitharaman clarified that this is not a new tax or a fresh levy but a structured excise duty, aimed at replacing the earlier compensation cess system. “This is not a new law, nor is the central government imposing any additional tax,” Sitharaman said. She emphasized that the excise revenue from tobacco products will be shared with the states, ensuring that no state receives less than the amount recommended by the Finance Commission. Key Highlights of the Excise Bill The Central Excise (Amendment) Act allows the government to levy excise duty on cigarettes ran...

New Delhi: The Indian rupee plunged past the 90-mark against the US dollar on Wednesday, marking a historic low and making it Asia’s worst-performing major currency this year. While the sharp depreciation poses challenges for several sectors, it also offers opportunities for others. Here’s a detailed look at who stands to lose and who could gain. Reasons Behind the Rupee SlideThe rupee’s decline is driven by multiple factors: heavy foreign capital outflows, a widening trade deficit, delays in the India-US trade deal, and global geopolitical and economic uncertainties. Foreign investors have withdrawn over $17 billion from Indian markets this year. Meanwhile, India’s trade deficit surged to a record $41.7 billion in October, up from $32.2 billion in September, putting additional pressure...

New Delhi: Following recent GST reforms, the government is now set to update India’s major economic indicators, including GDP calculations. Finance Minister Nirmala Sitharaman informed Parliament that from 27 February, the base year for GDP computation will change to 2022-23, replacing the long-standing 2011-12 base year. This update aims to make national accounts more reflective of current economic realities. Why the Change?The current base year, 2011-12, has been in use for over a decade. Updating it will provide a more accurate representation of India’s economic activities, capturing recent structural and sectoral changes in the economy. The announcement follows an IMF report that assigned a “C” grade to India’s national accounts data. Minister Sitharaman clarified that this grading ...

New Delhi: In a world where many possess resources but fail to utilize them effectively, some individuals harness their potential to achieve extraordinary success. Dheeraj Verma, a farmer from Barabanki, Uttar Pradesh, is one such inspiring example. A television clip introducing hydroponics farming transformed his approach to agriculture, helping him generate substantial income in a remarkably short period. From Traditional Farming to HydroponicsFor over 13 years, Dheeraj Verma, a BSc graduate, cultivated strawberries using conventional farming methods on five acres of land. This method was labor-intensive, costly, and challenged by weeds, requiring significant manpower and inputs such as mulching and drip irrigation. Just removing weeds from one acre alone cost around ₹50,000. The t...

New Delhi: The stock market witnessed another day of decline today, but small-cap stock Spice Lounge Food Works bucked the trend by hitting the upper circuit limit. Over the past year, this stock has delivered an astonishing 900% return to its investors, making it one of the most talked-about multibagger stocks in the market. Stock Performance Amid Market Volatility On the BSE, Spice Lounge Food Works shares surged 5% to ₹50.47, even after enduring a seven-day consecutive decline that saw the stock fall by 15%. However, in the past month alone, the stock has soared over 130%, highlighting a strong recovery. The stock’s 52-week high stands at ₹72.20, recorded on 24 November 2025, while its 52-week low was ₹5.32 on 10 December 2024. This dramatic rise has rewarded investors with exc...

New Delhi: The stock market witnessed another day of decline today, but small-cap stock Spice Lounge Food Works bucked the trend by hitting the upper circuit limit. Over the past year, this stock has delivered an astonishing 900% return to its investors, making it one of the most talked-about multibagger stocks in the market. Stock Performance Amid Market Volatility On the BSE, Spice Lounge Food Works shares surged 5% to ₹50.47, even after enduring a seven-day consecutive decline that saw the stock fall by 15%. However, in the past month alone, the stock has soared over 130%, highlighting a strong recovery. The stock’s 52-week high stands at ₹72.20, recorded on 24 November 2025, while its 52-week low was ₹5.32 on 10 December 2024. This dramatic rise has rewarded investors with exc...

New Delhi: Russian President Vladimir Putin is set to visit India on a two-day official trip starting 4 December. Amid diplomatic and business discussions, global attention has also turned to the enigmatic fortune of the 73-year-old leader, who is considered one of the world’s wealthiest politicians. Official Income vs. Hidden Wealth According to reports by The Week, Putin officially earns $140,000 per year (around ₹1.26 crore). His declared assets include a modest 800-square-foot apartment, a trailer, and three cars. However, experts believe this only scratches the surface, as much of his wealth is reportedly hidden. Estimated Net Worth Speculation suggests Putin’s net worth could reach $200 billion (approx. ₹18,000 billion), according to Bill Browder, a prominent foreign inve...