Business

New Delhi: While retail markets in the United States and other Western countries are facing headwinds, India’s retail sector is witnessing a remarkable resurgence. According to real estate consultancy firm Anarock, the Indian retail market has received a fresh boost, attracting significant investments and global interest. Since 2020, nearly 1,200 mall stores in the U.S. have shut down. The rising number of vacant malls has led to nearly 40% being repurposed or redeveloped for other uses. In contrast, India’s retail sector is thriving, driven by strong consumer demand and growing investor confidence. Investment Surge in Indian MallsAnarock Group CEO, Anuj Kejriwal, stated that over the next three years, Indian shopping malls are expected to attract more than USD 3.5 billion in investm...

India’s economy is growing rapidly, but becoming a fully developed nation requires meeting critical energy demands while balancing environmental concerns. With industrial expansion increasing energy consumption and climate change posing a global challenge, the world is striving to find a balance between development and sustainability. Nuclear Energy: A Reliable Solution While countries invest heavily in renewable energy sources like solar and wind to reduce carbon emissions under the Paris Agreement, these sources face challenges of intermittency. Nuclear energy, in contrast, emerges as a reliable and carbon-free power source that complements renewables. Nuclear power is primarily generated through fission, splitting Uranium-235 to release massive amounts of energy. A small amount...

In today’s fast-paced life, balancing work pressures and household responsibilities often leaves little room for mental peace. Addressing these everyday “micro-stresses,” Nitin Srivastava launched his startup Pinch in 2021, a lifestyle management company based in Gurugram that handles personal tasks for clients, helping them regain time and reduce stress. In the financial year 2024-25, the company achieved an impressive ₹4.8 crore in revenue. The Idea Behind Pinch Originally from Lucknow, Nitin studied Statistics at Lucknow University and completed his MBA from Narsee Monjee Institute of Management Studies. He worked in the telecom sector and held senior positions at prominent startups like Chayos and Stanza Living. The idea for Pinch struck during the COVID-19 pandemic while he was ...

After four days of decline, domestic equity markets closed on a positive note on Friday, driven by gains in global markets and increased buying by foreign investors. The BSE Sensex rose 447.55 points (0.53%) to settle at 84,929.36, while the NSE Nifty 50 gained 150.85 points (0.58%) to close at 25,966.40. During intraday trading, Sensex touched a high of 85,067.50 points, reflecting strong bullish sentiment. On a weekly basis, however, Sensex and Nifty recorded losses of 338.3 points (0.39%) and 80.55 points (0.30%) respectively. Sector Highlights and Key Movers Among Sensex constituents, Bharat Electronics, Power Grid, Tata Motors Passenger Vehicles, Asian Paints, Reliance Industries, and Bajaj Finserv were the top gainers. Conversely, shares of HCL Technologies, Kotak Mahindra B...

When a rental agreement expires, landlords often face a dilemma if tenants refuse to vacate the property. While the law generally supports property owners, experts caution that even a single misstep—like cutting electricity or changing locks—can backfire, creating serious legal complications. Follow Legal Procedures, Always Lawyers advise that the first step is to issue a formal legal notice through an attorney. The notice should clearly state that the rental agreement has expired and the tenant must vacate within a reasonable time frame, usually 15–30 days. Often, the tenant leaves immediately upon receiving such notice. The notice can also demand compensation for overstaying, if applicable. Problems arise if the tenant continues to pay rent and the landlord accepts it. Under Sec...

Nilesh Shah, Managing Director of Kotak Mutual Fund, has suggested a new approach to boost medical tourism in India. Observing the growing trend of people traveling to Turkey for affordable hair transplants, Shah believes India can position itself as a global hub for wellness and healthcare. Speaking on the potential of medical tourism in India, Shah said, “Just as Turkey has become a destination for cost-effective hair transplants, India can develop a comprehensive ‘Wellness India’ initiative. This should include visa-free entry, improved airline connectivity, and treatment packages catering to all budgets, making India a center for holistic care.” He highlighted that many men are currently traveling abroad for hair restoration at lower costs than in Europe or the U.S., presenting I...

Washington, D.C.: In a landmark move, U.S. President Donald Trump has struck a deal with nine major pharmaceutical companies to significantly lower drug prices in the country. Trump emphasized that for decades, Americans have been forced to pay some of the highest prices for medications globally. Under the agreement, several key drugs will see substantial price reductions. Impact on Global Pharma and IndiaThis announcement is expected to have far-reaching effects on the global pharmaceutical market, including India’s generic drug exports. The U.S. is now moving toward an international reference pricing system to determine drug costs. The nine pharmaceutical giants—Merck, Bristol Myers Squibb, Amgen, Gilead, GSK, Sanofi, Roche's Genentech, Boehringer Ingelheim, and Novartis—have agreed t...

New Delhi: India’s households are sitting on a staggering 35,000 tons of gold, making them home to the largest private gold reserve in the world. At current market rates, this hoard is worth over $5 trillion—a hidden wealth that, if mobilized into the mainstream economy, could address multiple financial challenges for the country in one stroke. The Scale of Hidden Gold:To put this in perspective, the legendary Titanic could carry about 22,000 tons of passengers and cargo—still far less than India’s domestic gold stock. Between 2000 and 2025, India officially imported over 700 tons of gold, worth more than $507 billion, not counting smuggled gold and jewelry brought by travelers, which could push the total to $700 billion. Potential Benefits of Mobilizing Gold: Boost Government Re...

New Delhi: The Indian rupee has plunged to an all-time low against the US dollar, trading past ₹91 per dollar earlier this week, though it later recovered slightly to ₹89.27. Experts warn that the rupee could remain under pressure due to persistent trade deficits, foreign capital outflows, and uncertainty over India-US trade agreements. Historical Context:A century ago, the rupee was far stronger compared to the dollar. In 1925, 1 rupee was equivalent to 10 US dollars, primarily because India’s currency was pegged to the British pound during colonial rule. Post-independence, the rupee’s value gradually weakened: 1947: 1 USD = ₹3.3 1950: 1 USD = ₹4.76 1966: 1 USD = ₹7.5 1990: 1 USD = ₹17.5 2000: 1 USD = ₹44.94 2020: 1 USD = ₹76.38 The pace of depreciation has accel...

New Delhi: Billionaire Elon Musk has secured a significant win in court, with the Delaware Supreme Court overturning a 2024 ruling that had denied him a $55 billion pay package granted by Tesla in 2018. The package was designed as a performance-based incentive for Musk’s role in taking Tesla to new heights. The dispute arose when some shareholders challenged the package in court, claiming it was excessive and that the board had acted under Musk’s influence. In 2024, a lower Delaware court had sided with the shareholders and nullified the package, denying Musk the payout—which today would be valued at $139 billion. In its 49-page decision, the Delaware Supreme Court cited multiple errors in the 2024 ruling and reinstated Musk’s 2018 package. The package was originally tied to Tesla’s ...