ITC expects demerged hotels entity to flourish, backed by parent's 40% stakeITC’s 40 percent stake will help instill a strong brand value, resonating goodwill, and offer a sense of stability and security to all stakeholders and employees involved, the company said.

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Royalty-like arrangement for ITC Hotels to use ITC brands: Sanjiv Puri on demerger

ITC Ltd. and its new, demerged entity ITC Hotels will have an arrangement through which the latter can use ITC brands for something akin to a royalty, which will be in line with industry standards and which won’t be a huge amount, said Sanjiv Puri in an interaction with analysts. Read more

SEBI issues guidelines for emergency facility for debt funds in unfavourable market conditions

On June 28, the finance minister is expected to launch the corpus that aims to provide liquidity to debt mutual funds in troubled times. On June 27, SEBI issued detailed guidelines on how debt funds will make use of this facility. Read more

WhatsApp now allows users to send quick video messages

WhatsApp on July 27 introduced instant video messages that allows users to record and share short 60-second videos directly in the chat window. Read more

Reduce Bajaj Auto; target of Rs 4575: Prabhudas Lilladher

Prabhudas Lilladher recommended reduce rating on Bajaj Auto with a target price of Rs 4574 in its research report dated July 26, 2023. Read more

Amazon India launches first-ever floating store on Srinagar's Dal Lake

Amazon India on July 27 announced its first-ever floating store on Dal Lake in Srinagar, Kashmir, as part of its last-mile delivery programme "I Have Space". Read more