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Nestle India pays licence fee to parent entity

Bihar govt suspends hospital licence after ICU fire kills six in Muzaffarpur

Bihar govt suspends hospital licence after ICU fire kills six in Muzaffarpur

Hotel owner applied for licence renewal an hour after Malviya Nagar tragedy

An hour after a fire at Hauz Rani B&B, owner Lovkesh Bajaj applied to renew a ground-floor restaurant license that had expired. The Municipal Corporation of Delhi (MCD) rejected the application, noting the establishment was operating in violation of norms. The incident highlights regulatory lapses and questions about enforcement.

US tells companies to stop passage of Nvidia's Blackwell AI chips to China

The US Commerce Department's Bureau of Industry and Security has quietly closed a year-old loophole that let Nvidia's most advanced Blackwell AI chips reach overseas subsidiaries of Chinese companies without an export licence. Industry sources estimate hundreds of thousands of chips may have already shipped through the gap. The new guidance still leaves data centre servicing and TSMC foundry due diligence untouched, raising fresh enforcement questions.

Hours after deadly fire killed 21 in Delhi BnB, owner filed to renew expired licence

An HT investigation found that owner Lavkesh Bajaj didn’t have a licence to run a full-fledged restaurant and only possessed a “tea and snacks outlet” licence.

Delhi govt to scrap B&B scheme after Malviya Nagar fire: ‘All establishments to be checked’

Tourism Minister Kapil Mishra said the government would formally withdraw the scheme and take action against operators violating licence conditions.

Delhi Hotel Fire: How Owner Used Accountant's Name To Secure Licence, Bypass B&B Rules

Probe into Malviya Nagar Flourish Stay fire widens, owner Lovkesh Bajaj held for BNS offences, alleged licence misuse and illegal room expansion, Delhi to scrap B and B policy

Dodgy licences, unauthorised expansion among violations to surface after Delhi fire

Together, these violations created conditions that turned a fire into one of Delhi’s deadliest fire disasters in recent years.

Delhi Hotel Fire: What Is B&B Scheme Under Which Property Got 6-Room Licence But Ran 25?

Flourish Stay B&B was permitted to operate six rooms under Delhi’s Bed and Breakfast scheme, but officials found nearly 25 rooms running at the property.

Would like to end sanctions waivers on Russian oil: Rubio

In March this year, the Trump administration issued two 30-day licences which allowed the purchase of previously sanctioned Russian and Iranian energy

Kerala SHRC directs RDO probe into ride collapse at amusement park

It seeks investigation into the reasons for the accident, whether the park received panchayat’s licence, details of those injured, and steps to prevent repeat of such accidents

Delhi Ban, Rs 3,000 Crore Tax Blow: HC Says Absolut Vodka Maker ‘Ineligible’ For Liquor Licence

The company has been unable to sell its products in Delhi since 2023 due to its involvement in the ongoing 2021 liquor policy case.

PC Jeweller shares soar 14% on Q4 PAT jumps 58% YoY, strong management commentary

Shares of PC Jeweller India rallied as much as 14% to their day’s high of Rs 10.48 on the BSE on Friday after the company reported a 58% increase in Q4 net profit to Rs 150 crore, higher from Rs 95 crore in the year-ago period.PC Jeweller reported strong operational performance for the quarter, supported by sustained consumer demand and steady sales momentum. Standalone revenue for Q4 FY26 rose 33% year-on-year (YoY) to Rs 927 crore, compared with Rs 699 crore in the corresponding quarter last year. For the full financial year FY26, the company posted revenue of Rs 3,353 crore, marking a 49% increase over Rs 2,243 crore reported in FY25.EBITDA for the March quarter stood at a profit of Rs 180 crore, up 25% from Rs 144 crore in Q4 FY25, aided by operating leverage and improved cost efficiencies. On a full-year basis, EBITDA rose 67% to Rs 861 crore in FY26, compared with a profit of Rs 517 crore in the previous financial year.Robust outlookThe company said it continues to progress towards its goal of becoming debt-free. As of date, the company has reduced its outstanding debt by more than 90% since the execution of the settlement agreement with banks on 30 September 2024, reflecting significant improvement in its financial position.“We plan for a debt-free balance sheet soon, rapid expansion through opening large format franchise showrooms, market penetration and expansion through opening franchise showrooms under government tie-ups and value chain integration through mining activities,” the management said.During the quarter, a subsidiary of PC Jeweller incorporated PCJ Mining SARL in the Republic of Chad to undertake the extraction of precious metal ores. The company said that in April 2026, PCJ Mining SARL received a licence for semi-mechanized artisanal gold mining from the Ministry of Petroleum, Mining and Oil Geology, Republic of Chad.According to the company, the development offers an opportunity to explore mining operations and could help create vertical integration opportunities across its value chain.Separately, the company received enquiries and feedback from prospective business partners regarding establishing large-format franchise showrooms. The company believes this expansion strategy could help it gain market share from the unorganised sector without requiring additional capital investment.PC Jeweller added that discussions with several prospective partners are at an advanced stage and align with its broader plan to open up to 100 large franchise showrooms over the next 12 to 18 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)