- DDA Allocates Land at Nehru Place for 5-Star Hotel
The Delhi Development Authority (DDA) has leased a two-acre plot at Nehru Place to Fleur Hotels (Lemon Tree Hotels subsidiary) under a 55-year licence, expected to generate ₹10,000 crore. The licence fetched ₹27.19 crore annually, significantly above the ₹18 crore reserve. - Samsung Expands Production Portfolio in India
Samsung is ramping up manufacturing in India, reinforcing the country’s position in the global electronics supply chain. IT Minister Ashwini Vaishnaw attributed the move to India’s innovation and talent pool. - Five of Top-10 Firms Add ₹60,676 Crore in Market Value
India’s five most valuable companies collectively gained ₹60,675.94 crore in market capitalization over the past week, with SBI and HDFC Bank leading the gains—a strong reflection of investor confidence. - US Trade Team Postpones India Visit for BTA Talks
The U.S. trade delegation’s scheduled visit to India for Bilateral Trade Agreement negotiations has been postponed, with no new dates announced. - US Tariffs Put Nearly 3 Lakh Jobs at Risk in Textiles & Gems
Newly imposed U.S. tariffs on Indian exports threaten nearly 300,000 jobs in the textiles and gems sectors. Experts urge India to shore up domestic demand and diversify trade avenues. - Tamil Nadu Tourism Booms: 5× Rise in Revenue
Revenue from tourism in Tamil Nadu surged from ₹49.11 crore (2020–21) to ₹243.31 crore (2023–24), driven by increases in both foreign and domestic visitors and new attractions like the Keeladi Museum. - Independence Day Sales Grow 8–10%; Festive Season Outlook Positive
Retail witnessed an 8–10% year-on-year sales lift thanks to Independence Day discounts. Retail leaders are optimistic about a robust performance during the upcoming festive season. - CII Hails PM’s GST Reform Announcement as ‘Visionary’
The Confederation of Indian Industry (CII) praised Prime Minister Modi’s Independence Day declarations on GST reform, calling them visionary and likely to benefit businesses broadly. - Portfolio Management Firm Elever Raises $1.1 Million
Elever, a portfolio management firm, raised $1.1 million in a funding round led by Brand Capital (Times Group’s investment arm) and other investors to support its growth. - Ex-NITI Aayog VC Urges Lifting Curbs on Chinese Investment
Former NITI Aayog Vice Chairman Rajiv Kumar recommended easing restrictions on Chinese investment to boost manufacturing and job creation while highlighting potential risks from U.S. tariffs.
Headlines 17-Aug-25
