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Playa, which runs 24 high-end, all-inclusive resorts across Mexico, said its board has been evaluating opportunities and has engaged with a number of potential counterparties

The Initial Public Offering (IPO) of Concord Enviro Systems Ltd received 10.67 times subscription on the final day of bidding on Monday.
The Rs 500-crore IPO received bids for 5,35,33,347 shares, as against 50,15,356 shares on offer, as per NSE data.
The Qualified Institutional Buyers (QIBs) part received 17.32 times subscription, while the quota for non-institutional investors got subscribed 14.20 times. The category for Retail Individual Investors (RIIs) fetched 5.56 times subscription.
Concord Enviro Systems had raised Rs 150 crore from anchor investors.
The IPO has a price range of Rs 665-701 per share.
The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an Offer-for-Sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor.
This aggregates the issue size to Rs 500.33 crore.
The proceeds from the fresh issue will be invested in Concord Enviro FZE (CEF) for setting up a new assembl

Additionally, funds will be invested in Rochem Separation Systems (India) Pvt Ltd to expand its manufacturing facilities and support activities, payment of debt, technology and growth initiatives

Older phones cannot support the app's evolving features, which is why WhatsApp will discontinue support for certain systems at specific points in their lifecycle

A new Centre of Excellence on Classical and Quantum Communications for 6G has been inaugurated this year at the IITM Research Park in Chennai to spearhead research and development in 6G technologies

Several experts have claimed that the latest government data on India's forests is "inflated" as it includes bamboo plantations, coconut groves, and orchards among others as part of the forest cover.
The 'India State of Forests Report 2023' released on Saturday, after a delay of almost a year, said India's total forest and tree cover has increased by 1,445 sq km since 2021, reaching 25.17 per cent of the total geographical area in 2023.
However, the forest cover grew by just 156 sq km and most of the gain (149 sq km) occurred outside the Recorded Forest Area (RFA), which refers to areas designated as forests in government records.
The overall results could have been stronger, especially since the government included bamboo and smaller trees (5-10 cm diameter at breast height) in the tree cover estimates for ISFR 2023. The assessment also expanded to 751 districts, up from 636 in 2021.
Experts including Kerala's former principal chief conservator of forests Prakriti Srivastava, ...

The 'India State of Forests Report 2023' released on Saturday, after a delay of almost a year, said India's total forest and tree cover has increased by 1,445 sq km since 2021, reaching 25.17 per cent

The Andhra Pradesh government on Monday appointed retired IAS officer Rajiv Ranjan Mishra as the one-man commission to look into the sub-categorisation within Scheduled Castes (SC) in the state following the Supreme Court ruling in favour of it.
The Government of Andhra Pradesh has appointed Rajiv Ranjan Mishra, IAS (retired) as One Man Commission to enquire into the sub-classification within Scheduled Castes in the light of judgment of the Supreme Court dated August 1, 2024, said an official press release.
The commission will visit the undivided districts of Eluru, Krishna and Guntur from December 27 to 30 to conduct meetings and receive representations from individuals or institutions familiar with the subject matter.
Memoranda and representations can also be submitted in person or through registered post at the commission's office until January 9, 2025.
In August, the top court had held that states are constitutionally empowered to make sub-classifications within the scheduled .

The commission will visit the undivided districts of Eluru, Krishna and Guntur from December 27 to 30 to conduct meetings and receive representations from individuals or institutions

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

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Watch: Trump evacuated from presser after shooting outside White House

US President Donald Trump was abruptly escorted by a US Secret Service agent out of a live press briefing on coronavirus as a precautionary measure, after a shooting incident outside the White House Watch to know more

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