Author: News Desk

Quick-service restaurant giant Devyani International is consolidating its position in India’s fast-growing food services sector by acquiring the remaining stake in Sky Gate Hospitality, the operator of popular brands like ‘Biriyani By Kilo’ and ‘Goila Butter Chicken,’ in a deal valued at around ₹57.5 crore. The company’s board approved the purchase of an additional 11.4% stake from Sky Gate’s promoters and founders, giving Devyani full ownership. The transaction will be executed through a combination of cash and non-convertible redeemable preference shares, according to a regulatory filing. Following the announcement of strong Q3 results, Devyani shares rose nearly 10% to ₹125.88…

The success of the Kochi Water Metro has drawn the attention of Karnataka authorities, who are considering a similar system along the state’s coastal regions. A delegation from the Coastal Development Authority (CDA), led by chairman M. A. Gafoor and including secretary Pradeep D’Souza and other officials, visited Kochi Metro Rail Ltd (KMRL) to study the operations and explore the feasibility of implementing a water metro in Karnataka. During the visit, the team examined key operational and technical aspects of the Kochi system, including floating jetties, vessel operations, shipbuilding yards, and water-level management. They noted that the Kochi Water Metro…

Vizhinjam International Seaport has emerged as one of India’s fastest-growing container transshipment hubs, setting multiple operational benchmarks in January 2026. Developed and operated by Adani Ports and Special Economic Zone Limited (APSEZ) under a PPP with the Government of Kerala, the port recorded its highest-ever monthly throughput of 123,092 TEUs. It also handled a record 62 vessels in a single month and achieved a peak Gross Crane Rate of 30.12 moves per hour, underscoring sharp gains in productivity within just over a year of commercial operations. The port’s rapid rise is reflected in its global standing. Vizhinjam now ranks 83rd…

Actor-turned-entrepreneur Vivek Oberoi has approached the Delhi High Court seeking legal protection for his personality rights to prevent the widespread misuse of his identity on digital platforms. The petition, filed through advocates Sana Raees Khan and Pranay Chitale, asks the court to restrain multiple defendants, including unidentified parties listed as John Doe, from exploiting or misappropriating elements unique to Oberoi. This includes his name, image, voice, and other identifiable aspects of his persona without his consent. Oberoi has also requested the removal of postcards, posters, videos, and social media content that allegedly violate his rights. The suit claims that individuals…

Kochi Airport is set to expand beyond traditional airport operations with the launch of a 36-acre Aero Park on February 9, which will be inaugurated by Chief Minister Pinarayi Vijayan. Designed as an integrated aviation ecosystem, the Aero Park combines aircraft hangars, parking bays, training facilities, technical service units, and business infrastructure within a single campus. CIAL Managing Director S. Suhas described it as a flagship project that will generate large-scale employment, boost tax revenue, and build future-ready capabilities for India’s growing aviation sector. The project’s first phase includes six initiatives with a total investment of ₹101 crore. A major…

Apple is highlighting India’s growing importance in its global supply chain, citing the country’s deep talent pool, improving capabilities, and long-term investments in supplier development. As the company expands both production and skilling initiatives, India is emerging as a central hub in Apple’s manufacturing strategy. Sarah Chandler, Apple’s Vice President of Environment and Supply Chain Innovation, told Moneycontrol that Apple is launching its first Education Hub in Bengaluru in partnership with Manipal Academy of Higher Education. By 2026, the program will offer over 100 courses across more than 25 supplier sites, covering advanced manufacturing, automation, coding, digital literacy, and leadership…

At a JioBlackRock event in Mumbai, Reliance Group chairman Mukesh Ambani expressed strong optimism about India’s future, highlighting the country’s potential for massive wealth creation through technology, entrepreneurship, and long-term capital. Speaking with BlackRock CEO Larry Fink, Ambani described India as entering a once-in-a-generation growth phase with the ability to reshape its economy and global influence. Ambani estimated that India could generate up to $30 trillion in new value over the next 30 years as global growth accelerates, driven by AI and technological innovation. He emphasized that this scale of opportunity would allow many new large enterprises to emerge, with…

Elon Musk has become the first person ever to reach a net worth of $800 billion, according to Forbes, following the acquisition of his AI and social media company xAI by SpaceX. The merger boosted his fortune by $84 billion, bringing it to an estimated $852 billion. Before the deal, Musk held roughly 42% of SpaceX, valued at $336 billion, and 49% of xAI, worth $122 billion. After the acquisition, he owns a 43% stake in the combined company, now valued at $542 billion, making SpaceX his most valuable asset. He also holds a 12% stake in Tesla, valued at…

Vedanta chairman Anil Agarwal has pledged to invest ₹10,000–15,000 crore in a major philanthropic initiative focused on education and healthcare. Sharing the news on X on February 3, Agarwal said the commitment honors the wishes of his late son, Agnivesh, to make a meaningful contribution to society. This new pledge builds on his earlier promise to donate 75% of his personal wealth to society following the sudden death of his only son, who passed away in New York due to cardiac arrest while recovering from a skiing accident. Agarwal attended the Prime Minister’s Roundtable with Global Energy Leaders during India…

Following improved ties after the trade agreement, India and the US are moving closer to finalizing a deal worth around USD 3 billion for six P-8I anti-submarine and maritime surveillance aircraft. The acquisition aims to enhance the Indian Navy’s capability to monitor its designated maritime areas. The Indian Navy currently operates a fleet of 12 P-8I aircraft based in Arakonam and Goa, covering both the eastern and western seaboards. The proposal to procure six additional aircraft is expected to be submitted for Defence Ministry approval soon, after which it will require clearance from the Cabinet Committee on Security, according to…