Indian travel & hospitality sector to expand workforce by 64 pc

To meet the growing demand, 64 per cent of employers in the travel and hospitality industry are expanding their workforce, according to a report on Thursday.  The sector is experiencing an unprecedented resurgence, spurred by a combination of rising air travel, religious tourism, and evolving consumer preferences for personalised, tech-driven experiences, revealed the report by … Read more

India`s Lohum Cleantech to jointly set up $30 mn lithium-ion battery processing unit in US

Homegrown battery-tech startup company Lohum Cleantech on Thursday announced to set up a lithium-ion battery materials processing facility in the US with ReElement Technologies and American Metals for $30 million.  The joint 15.5 gigawatt hours (GWh) facility will be set up with an initial investment of $30 million, creating 250 “green jobs”. The partnership is … Read more

Rupee weakens against US dollar on Thursday

Indian rupee weakened against the US dollar on Thursday ahead to speeches from key US policymakers later in the day for cues on the pace of interest rate cuts. Moreover, foreign fund outflows and an increase in crude oil prices have also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital … Read more

Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand

After a two-year bull run, residential real estate activity across top cities stabilised in the third quarter (July-September) this year, reaching more that 1.07 lakh units, a report showed on Thursday, adding that the lull was due to monsoon and perceived inauspiciousness (the ‘shraad’ period).  However, sales continued to outstrip new supply in Q3, reflecting … Read more