Goa hotel prices take a siesta ahead of the year-end fiesta
INDIA BUSINESS | Mon, 24 Nov 2025, 12:46AM IST
As the year-end season approaches, travelers can rejoice in the fact that Goa's hotel prices are on a downward trend, setting it apart from other tourist hotspots in India. The influx of new hotel rooms and rising competition from international options are major contributors to this price drop.
Continue reading at Economic Times
3h
Bajaj Electricals to sell loss-making Nirlep unit
INDIA NEWS | Mon, 24 Nov 2025, 12:41AM IST
Kolkata: Bajaj Electricals has put its loss-making Nirlep cookware unit on the block to focus on the core consumer electronics segment, two industry executives said. The company's board has cleared a restructuring of the cookware business, which operates in a separate channel and is weighed down by unprofitable factories.The 56-year-old brand, at one point synonymous with non-stick cookware, that Bajaj had acquired in 2018 for about 80 crore has no synergy with the company's larger electronics portfolio. The Bajaj family has sounded out potential buyers and talks are at an initial stage, executives said.The listed Bajaj Electricals, with a market cap of over 5,600 crore as of Friday's closing, wants to accelerate category expansion into 8-10 new areas that are being finalised and shift investment on higher-margin lines.125524998 Sanjay Sachdeva, Bajaj Electricals's MD and CEO, said with a renewed focus on core electricals business, the board has approved an evaluation process for the Nirlep cookware and pressure cooker portfolio. He declined to comment whether the sale process has begun."Given that Nirlep operates in a category distinct from our primary business, this structured review will help us determine the right strategic alignment for the future. We are currently exploring various options for the business. In due course, this process will help us determine the most appropriate way forward, whether that involves discontinuation, sale, or a potential hive-off," Sachdeva said.The Nirlep business was merged with parent Bajaj Electricals in March 2024. In its latest 2024-25 annual report, the company said the Nirlep business has "struggled to shift loyalty from well-established national brands.""A major shift in consumer behaviour also emerged, with a growing preference for alternative materials over traditional aluminium-based non-stick cookware. This shift impacted Nirlep's presence in the evolving cookware market, as the brand currently lacks offerings in these newer, trending materials," the company said in the annual report.Sachdeva, who took charge of Bajaj Electricals in April from Unilever Japan where he was the managing director, said he wants to focus on three brands - Bajaj, Morphy Richards and Nex which will be rebranded as Nex by Bajaj."We will minimise the overlap between the three brands both in pricing and distribution. Morphy Richards will be sold through modern trade, e-commerce and premium retail stores at a price premium than Bajaj. Nex by Bajaj will be a premium range of Bajaj limited to few categories like fans and coolers," said Sachdeva.
Continue reading at Economic Times
3h
Bajaj Electricals puts loss-making cookware unit Nirlep on the block
INDIA BUSINESS | Mon, 24 Nov 2025, 12:41AM IST
Bajaj Electricals is bidding adieu to its Nirlep cookware division to sharpen its focus on the lucrative consumer electronics market. After a thorough evaluation of its cookware operations, the company is considering various options for Nirlep, including a possible sale.
Continue reading at Economic Times
3h
Marketers bet on unified cross-media measurement for efficient ad planning
INDIA BUSINESS | Mon, 24 Nov 2025, 12:36AM IST
The Indian advertising arena is making waves with its commitment to unified measurement across screens. With sports enthusiasts tuning in via traditional TV, smart devices, and mobile platforms, marketers must capture the entire, unduplicated audience for smarter strategy development.
Continue reading at Economic Times
4h
AAI lines up Rs 15,000 cr for tech upgrades
INDIA BUSINESS | Mon, 24 Nov 2025, 12:25AM IST
The Airports Authority of India is set to channel 15,000 crore over the next five years to modernize air traffic control systems. This investment comes in response to recent flight disruptions attributed to a technical anomaly. New control towers will rise, while existing systems will undergo significant upgrades.
Continue reading at Economic Times
4h
Overleveraged borrowers in microfinance down by half
INDIA BUSINESS | Mon, 24 Nov 2025, 12:10AM IST
The microfinance arena is experiencing a noteworthy transformation, as the strain of overleveraged borrowers lessens significantly. Current figures reveal that the loans given to individuals with multiple lenders have decreased to a total of Rs 30,494 crore. Thanks to industry regulations, the count of such borrowers has fallen to 2.
Continue reading at Economic Times
4h
Biocon chief bats for dual-agency model to fast-track drug approvals
INDIA BUSINESS | Sun, 23 Nov 2025, 11:58PM IST
Biocon's Kiran Mazumdar-Shaw suggests a new drug approval system. The Indian Council of Medical Research would handle scientific reviews for new drugs and devices. The Central Drugs Standard Control Organisation would then grant final regulatory approval. This aims to speed up innovation and research in India's biotechnology sector.
Continue reading at Economic Times
4h
FLAG bets big on India: Plans $40M more investment to expand network
INDIA BUSINESS | Sun, 23 Nov 2025, 11:58PM IST
India is attracting substantial investment in subsea cable networks. Major operator FLAG is expanding its presence with new projects and terrestrial routes. This growth is driven by India's expanding middle class and data center boom. FLAG aims to enhance network redundancy and meet increasing customer demand for high-capacity links. Further investments are planned to support this vital digital infrastructure.
Continue reading at Economic Times
4h
Steel tycoon Lakshmi Mittal quits U.K. ahead of proposed taxes on super-rich: Report
INDIA BUSINESS | Sun, 23 Nov 2025, 11:50PM IST
The news of Mr. Mittals exit comes ahead of expected tax rises on the wealthy as Chancellor Rachel Reeves tries to address a 20 billion pounds hole in the U.K.s finances
Continue reading at The Hindu
4h
Israel wants Indian firms to 'bid aggressively' for $50B metro project: Piyush Goyal
INDIA BUSINESS | Sun, 23 Nov 2025, 11:40PM IST
Israel is inviting Indian companies to bid for its massive Tel Aviv metro project. This ambitious undertaking is valued at $50 billion. Indian firms with proven metro construction experience are highly sought after. The project involves extensive tunneling and station development. Securing this contract presents a significant opportunity for Indian businesses and will create jobs.
Continue reading at Economic Times
4h
Fintech Facade: RBI probes surge in API-based money laundering
INDIA BUSINESS | Sun, 23 Nov 2025, 11:23PM IST
Shady technology service providers (TSPs) posing as fintechs are exploiting banks payout APIs to move large sums without oversight, raising concerns across the payments industry. These APIs, meant for bulk automated transfers to employees or vendors, allow transactions without OTPs or manual checks, creating an opening for money laundering by unregulated players who present themselves as genuine customers.
Continue reading at Economic Times
5h
more