Category Archives: Business

India Remains Among the Fastest-Growing Major Economies Despite Global Uncertainties: RBI

Mumbai, July 23: The Reserve Bank of India (RBI) has stated that India continues to be among the fastest-growing major economies in the world, supported by resilient domestic demand, sound macroeconomic fundamentals, and sustained policy measures despite an uncertain global economic environment.

The central bank noted that strong consumption, steady investment activity, a resilient banking sector, and continued infrastructure development are helping sustain the country’s economic growth. While global challenges—including geopolitical tensions, trade uncertainties, and commodity price volatility—continue to pose risks, India’s economic fundamentals remain robust.

The RBI also emphasized its commitment to maintaining price stability while supporting sustainable economic growth through appropriate monetary policy measures. It highlighted that stable inflation, financial sector resilience, and ongoing structural reforms are expected to strengthen the country’s medium-term growth outlook.

The central bank reaffirmed that it will continue to closely monitor global and domestic developments and take necessary policy actions to safeguard macroeconomic stability.

Indian Markets Slip at Open Amid Oil Price Surge and West Asia Geopolitical Uncertainty

Mumbai, July 23: Indian benchmark equity indices opened lower as investor sentiment weakened due to rising crude oil prices and escalating geopolitical tensions in West Asia. The Sensex and Nifty 50 declined in early trading, with broad-based selling observed across several sectors.

Higher crude oil prices raised concerns about increased import costs, inflationary pressures, and their potential impact on corporate earnings. Market participants also remained cautious amid uncertainty surrounding developments in West Asia, prompting a risk-off sentiment in global and domestic markets.

Despite the weak opening, analysts noted that investors will continue to monitor global geopolitical developments, crude oil price movements, foreign institutional investor (FII) activity, and upcoming economic data for further market direction.

Market experts advise investors to remain focused on long-term fundamentals while exercising caution amid heightened global uncertainty.

Seoul Comes to Cyberabad: Inorbit Mall Brings Korea’s Biggest Cultural Celebration This July

Hyderabad, July 23: Inorbit Mall Cyberabad invites shoppers to experience the vibrant spirit of South Korea with Seoulscape, a three-day cultural festival taking over the mall‘s Central Atrium from 24 to 26 July 2026.

Designed as an immersive celebration of Korean culture, Seoulscape brings the country’s iconic food, beauty, music and creativity under one roof. Visitors can savour authentic Korean favourites including ramen, bingsu, kimbap and more at specially curated food stalls, while discovering popular K-beauty brands showcasing sheet masks, skincare essentials and beauty products loved across the globe.

Adding to the experience, the festival will host a series of interactive workshops where visitors can create their own Korean-inspired keepsakes through activities such as Korean Fan painting and Korean Umbrelle Painting. Throughout the weekend, live Korean music and dance performances will bring the Central Atrium to life, complemented by immersive Korean-themed décor that recreates the energy and charm of Seoul.

Adding to the excitement is Shop & Win, running alongside the month’s celebrations. Customers who spend ₹3,000 or more at the mall can participate for a chance to win exciting prizes from leading brands. Weekly winners will be announced over a five-week period, culminating on 2 August 2026, and one lucky participant will also drive away with the campaign’s bumper prize.

Make Inorbit Malls your go-to place this July!

YES BANK Partners with Indian Olympic Association as Official Retail Banking Partner for Team India 2026

Chandigarh, July 23: YES BANK, one of India’s leading private sector banks, today announced its support to the Indian Olympic Association (IOA) as the Official Retail Banking Partner for Team India, participating in four major international sports events in 2026. Building on its successful legacy as the Official Banking Partner of Team India during the Paris 2024 Olympics, the Bank reinforces its long-term dedication to nurturing the future and continuous advancement of sports in the country through this landmark association. 

The Bank will support Indian athletes in more than 100 sport events across four major international competitions in 2026: Commonwealth Games 2026 (Glasgow, Scotland), Asian Games 2026 (Aichi-Nagoya, Japan), Youth Olympic Games 2026 (Dakar, Senegal) and the Asian Indoor & Martial Arts Games 2026 (Riyadh, Saudi Arabia). 

This alliance underscores YES BANK’s broader philosophy of creating meaningful impact by empowering people and institutions that shape the nation’s future. These marquee international sports events will bring together athletes across the world to compete across a diverse range of sports such as Weightlifting, Boxing, Judo, Archery, Cricket, Badminton and many more. 

Speaking on this partnership, Mr. Vinay M. Tonse, Managing Director & CEO, YES BANK, said, “We are proud to partner with the Indian Olympic Association in supporting Team India across four marquee international sporting events in 2026. Sport has the extraordinary power to inspire a nation, promote health and well-being, nurture talent at the grassroots, and build character through discipline, resilience and teamwork. These values resonate deeply with YES BANK‘s commitment to empowering individuals, communities and businesses, while contributing to India‘s nation-building journey. As Team India competes on the global stage, carrying the hopes and aspirations of millions, we are honoured to stand beside our athletes as they strive to bring pride to our nation.” 

Welcoming the association, Dr. P.T. Usha, President, Indian Olympic Association, said, “We are delighted to welcome YES BANK as a long-standing partner of the Indian Olympic Association and its continued commitment to growth and development of sports in the country. YES BANK will serve as the ‘Retail Banking Partner’ for Team India across four major sports events in 2026. With this partnership, we are proud to step up our commitment to sporting excellence by building on our previous partnership for the Paris 2024 Olympics. Such valuable partnerships play a key role in strengthening India‘s sporting ecosystem and creating greater momentum behind our athletes as they prepare to represent the nation on the global stage. Together, we look forward to celebrating the achievements of our athletes, inspiring millions of Indians, and strengthening sports as a core pillar of development, fully aligned with the larger national vision of Viksit Bharat.” 

Over the next six months, YES BANK will support a series of indoor and outdoor multi-sports event including Youth Olympic Games 2026, which provides a platform for youth athletes under 17 years of age and Asian Indoor and Martial Arts Games 2026, which will be focused on Mixed Martial Arts (MMA), Wushu & Kickboxing. 

As Team India prepares to compete at the Asian Games, this association also reflects YES BANK‘s commitment to strengthening the longstanding ties between India and Japan. Together with the IOA, the Bank aims to champion sporting excellence, deepen people-to-people connections between the two nations, and inspire the next generation of Indian athletes through the shared values of excellence, discipline, and collaboration.

Beit Al Khair Society honours Hotpack for supporting massive charity meals initiative

Dubai, July 22: Hotpack, the UAE-headquartered global leader in sustainable packaging solutions, has been honoured by UAE’s leading charity organisation Beit Al Khair Society for extending support to the Society’s massive meals distribution initiative during the past holy month of Ramadan.

Hotpack joined the campaign, as part of its ‘Happiness: Sharing Smiles’ programme, which is designed to create meaningful impact on people’s everyday lives through purposeful community engagement.

The Beit Al Khair Society successfully completed the “Feeding the Fasting” campaign during Ramadan, and Hotpack provided essential food packaging solutions required for distribution of the Iftar meals throughout the month, the company said in a statement.

“We had the opportunity to support Beit Al Khair Society with safe and efficient distribution of the daily Iftar meals during the holy month of Ramadan. Equally significant was the active involvement of Hotpack employees, who volunteered on the ground, helping prepare the meals, serve fasting individuals, and support logistic operations throughout the campaign,” said Mr. Zainudeen PB, Co-Founder, Group COO & Executive Director of Hotpack,

“This recognition is truly meaningful because it reflects something we deeply believe in that businesses have a responsibility to support the communities they serve. Through ‘Hotpack Happiness – Sharing Smiles’ initiative, we have always tried to support causes that make a genuine difference, whether by providing essential resources or by encouraging our employees to volunteer their time for initiatives that serve society,” he added.

“Our partnership with Beit Al Khair Society has grown over the years because we share the same purpose of reaching people with compassion and dignity. We are grateful for this recognition and remain committed to supporting programmes that bring people together and create a lasting positive impact,” said Mr. Zainudeen.

The campaign brought together people from different communities in the spirit of Ramadan, reflecting the values of compassion, generosity and unity. Through Beit Al Khair Society’s network of ninety-seven distribution points and eighteen Ramadan tents across the UAE, the initiative provided more than 1.6 million free Iftar meals to fasting individuals during the holy month.

Beyond Ramadan, Hotpack and Beit Al Khair Society have built a long-standing partnership centred on creating meaningful impact across communities in the UAE. Through continuous support that includes product donations, packaging solutions, employee volunteering and charitable initiatives, the collaboration has reached thousands of beneficiaries over the years.

As part of its broader CSR strategy, Hotpack remains committed to working with non-profit organisations and community partners to support initiatives that address real needs, strengthen communities and create a positive difference where it matters most.

Grand Opening of Iswarya Fertility Centre’s 86th Branch in Mettupalayam

India’s Wind Power Capacity Crosses 57,443 MW, Boosting Clean Energy Growth

New Delhi, July 22, 2026 – India’s installed wind power capacity has reached 57,443 MW, marking a major milestone in the country’s renewable energy expansion and clean energy transition.

The growth of wind power capacity reflects India’s continued efforts to diversify its energy mix, enhance energy security, and promote sustainable sources of electricity generation. The wind energy sector is playing an increasingly important role in meeting the nation’s growing power demand while supporting environmental goals.

The expansion has been driven by advancements in renewable energy technology, increased investments, improved infrastructure, and stronger participation from the private sector. Several wind-rich states continue to contribute significantly to India’s renewable energy growth through large-scale wind projects.

The government has been focusing on creating a supportive ecosystem for renewable energy development, including better transmission facilities, efficient project implementation, and promotion of innovative solutions such as hybrid renewable energy systems.

Industry experts believe that the continued growth of wind power will help India reduce dependence on traditional energy sources, create new employment opportunities, and accelerate progress towards a cleaner energy future.

With renewable energy emerging as a key pillar of India’s development strategy, the rising wind power capacity highlights the country’s commitment to sustainable growth and long-term energy security.

India’s Auto Sector Gears Up for FY27 Growth as Revenue Seen Rising 8 pc

New Delhi, July 22: India’s automobile industry is expected to maintain its growth momentum in FY27, with operating revenue projected to increase by 8 per cent, according to a report.

The positive outlook is driven by healthy domestic demand, rising sales of premium vehicles, growing adoption of electric vehicles (EVs), and continued investments in manufacturing and innovation.

The report noted that strong consumer sentiment, improving infrastructure, and favourable policy support are expected to sustain demand across passenger vehicles, commercial vehicles, and two-wheelers.

Automakers are also focusing on expanding their EV portfolios, improving operational efficiency, and introducing technology-driven products to cater to changing consumer preferences and strengthen profitability.

Industry experts believe the sector’s steady growth reflects the resilience of India’s automotive market and its increasing contribution to the country’s manufacturing and economic development.

With sustained demand and continued investments in advanced mobility solutions, India’s auto industry is expected to remain on a strong growth trajectory in the coming fiscal year.

Introducing SunRay: S Hotels & Resorts Unveils a New Social & Swim Club Concept Inspired by Life Under the Sun

Bangkok, Thailand| July 22 – S Hotels & Resorts, the hospitality group known for its wellness-minded approach to leisure, has announced the launch of SunRay Social & Swim Club. This new concept blends social connection, all-day dining and drinks, and vibrant poolside and beachfront experiences into a fresh new offering for guests. The concept will debut with a soft launch on August 1 at SAii Koh Samui Villas, the brand’s adult-only retreat, where SunRay will be exclusively available to adult guests, offering the ideal setting for meaningful connections and quality time together.

Designed around a growing shift from late-night revelry to soulful daytime connection, SunRay introduces a new kind of beachside gathering, programmed by the rhythm of the sun rather than the intensity of nightlife. The concept celebrates a more effortless way of socialising, centred on the simple pleasure of being together by the water, elevated through curated programming, music, playful activities and relaxed poolside dining, whether sinking into a corner with a stack of vinyls, picking up a game, or slipping into the pool.

A fresh take on the seaside social experience, SunRay Samui follows the natural progression of daylight, moving from gentle awakening to relaxed sundowners via four distinctive moods while avoiding the intensity of high-energy partying.

First Light sets a serene tone for the day with sunrise wellness sessions, including yoga and Pilates, designed for early risers. As the morning unfolds, Morning Drift invites guests to ease into the day with pool floats, board games that spark connection, and dedicated listening corners curated in partnership with Gadhouse, the Bangkok-born turntable label known for their chic retro designs. Featuring the Henry turntable collection, the feather-light ’80s-inspired Wesley headphones and a thoughtfully selected vinyl library spanning moods and eras, guests can unwind to SunRay-inspired sounds or discover specially curated Gadhouse playlists every Saturday, perfectly attuned to the rhythm of the shore. 

Peak Sun brings a sociable energy centred around food, drinks and shared moments. The culinary experience embraces a relaxed, pool-friendly approach, bringing together globally inspired comfort dishes, SunRay signatures and local favourites are designed for leisurely grazing or lingering lunches and dinners by the water. A drinks programme centred on refreshing, sun-ready cocktails and easy-going serves encourages enjoyment throughout the day, leading into a daily Happy Hour from 3–5PM as the afternoon settles into golden hour.

Playful programming, from poolside games, waterproof uno cards and poolside Jenga to creative, sustainable DIYs, keeps the atmosphere spirited yet unforced, where nothing runs on a clock and every moment unfolds at its own pace.

From sunset onwards, Golden Hour sets the mood with downtempo beats and sunset anthems, creating the perfect atmosphere as day turns to night. Enhancing the experience is a vibrant entertainment line-up, featuring mesmerising fire dance performances every Thursday and Sunday, live DJ and saxophone sessions every Wednesday, Thursday, and Saturday, and dynamic Muay Thai dance showcases every Saturday.

Following its debut in Koh Samui this August, SunRay will celebrate its official global debut this October, expanding to SAii’s beachfront resorts in Phuket and the Maldives.

“SunRay marks the next step in our evolution towards experience-led hospitality,” said Michael Marshall, CEO of S Hotels & Resorts. “It gives us a new way to bring people together in the hours when the day feels its best, with food, music and atmosphere guided by the sun rather than the clock. It is relaxed, unpretentious and designed for guests to settle in, slow down and feel at ease.

GHA DISCOVERY members can enjoy an exclusive SunRay Day Pass for THB 1,500, including pool access, signature activities and THB 2,000 in food and beverage credit to spend throughout the day.

Markets End Deep in the Red as Sensex Tumbles 715 Points, Nifty Slips Below 24,000

Mumbai, July 22: Indian equity markets ended sharply lower on Wednesday, with the Sensex falling 715 points and the Nifty closing below the 24,000 mark, as heavy selling in realty and public sector banking stocks dampened investor sentiment.

The decline was driven by broad-based weakness across key sectors, with realty and PSU bank stocks emerging as the biggest laggards during the trading session. The sharp fall reflected cautious market sentiment amid concerns over global economic developments and sector-specific pressures.

Market participants remained watchful of domestic and international cues, including movements in global markets, commodity prices, and expectations surrounding monetary policy, which influenced trading activity.

Analysts said profit booking in rate-sensitive sectors and risk-averse investor sentiment contributed to the market decline, even as select defensive stocks offered limited support.

Despite the day’s losses, market experts noted that investors continue to closely monitor macroeconomic indicators, corporate earnings, and global developments for clearer direction in the coming sessions.

The benchmark indices ended the session under pressure, highlighting continued volatility in the equity markets as investors assess evolving economic and financial conditions.