His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed by…
NEW DELHI : Nasdaq-listed ReNew Energy Global Plc on Friday announced an investment of ₹22,000 crore to set up a hybrid renewable energy project in Andhra Pradesh. The 2.8 GW project including 1.8 gigawatt of solar, 1 GW wind, and a battery energy storage system (BESS) of 2 gigawatt hour (GWh) will be set up…
However, theatre owners are pushing back against this high-pricing strategy, warning that it is discouraging footfalls, particularly in small towns, contributing to one of Hollywood’s weakest box-office performances in the country in nearly a decade. The average Hollywood ticket price of ₹245 towered over the all-India average of ₹134 and handily beat local languages like…
IndiGo, India’s largest carrier, was the first to induct the A320neo in the country. The aircraft arrived in March 2016, already delayed from its expected induction date. GoAir soon followed with its own induction. No sooner had they started flying than issues emerged, including warnings that required planes to turn around and land, as well…
NEW DELHI : India’s liquor industry is expected to record a fourth straight year of strong growth, according to a study, as more people take to drinking and consumption shifts towards costlier, premium whiskies and gin to beer. Alcohol sales are likely to rise 8-10% to ₹5.3 lakh crore in fiscal 2025-26, according to Crisil…
From building bhujia machines in the 1990s to baking ₹10 namkeen bars in 2025, the Pune-based company is betting on automation, quality and scale to capture a bigger slice of India’s ₹1 trillion salty snack market. “We’ve added enough capacity to take us from a 1% to a 10% market share, but we’re not trying…
Hindi filmmakers are increasingly turning to folk tales and spinning stories based on these legends passed down over generations to widen their audience base. Karan Johar’s upcoming Kartik Aaryan-starrer Naagzilla: Naag Lok Ka Pehla Kaand and Maddock Films’ horror movies Chamunda and Thama, besides its big hit Stree 2, are all based on local, cultural stories and folk tales popular…
IndusInd Bank on Thursday said its internal audit department (IAD) has found “unsubstantiated balances” of ₹595 crore in “other assets” of its balance sheet, and has also examined the roles of key employees in this lapse. In a regulatory filing, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances…
The government has withdrawn the security clearance of Turkish firm Çelebi’s Indian airport services arm, citing national security risks and halting its operations at nine airports, including Delhi and Mumbai. In a statement on Thursday, the government said that the Bureau of Civil Aviation Security (BCAS) has revoked with immediate effect security clearance of Çelebi…
The nascent small and medium real estate investment trust (SM Reit) industry suffered a shock when fractional property firm Strata surrendered its licence earlier this week. It’s a strong signal on the regulatory purview of SM Reits. Is this a temporary glitch or a setback? Also Read | How do spy satellites work around the…