At COP29, nearly 200 nations are expected to agree on a new finance goal beyond 2025 -- but deep divisions remain over how much should be paid, and who should pay it.
17 Sep, 2024, 10:57 AM IST
Samvardhana Motherson International Ltd will acquire an 11 per cent stake in Israel's REE Automotive Ltd for up to USD 15 million. The acquisition involves subscribing to over 3.6 million Class A ordinary shares. Both companies will collaborate on manufacturing and integrating REE's innovative 'REEcorner' technology for commercial electric vehicles.
16 Sep, 2024, 12:48 PM IST
Dr Renu Swarup-led expert panel set up for the purpose has proposed enacting a new Public Health Emergency Management Act (PHEMA), setting up of a special pandemic preparedness and emergency response fund and creating an institutionalized empowered governance mechanism to tackle public health emergencies in future. The idea is to put in place an emergency response which begins action on day zero and gives the required results to have disease prevention, mitigation and control in place within 100 days of the outbreak.
11 Sep, 2024, 07:30 PM IST
Tamil Nadu Chief Minister MK Stalin, during his official visit to the United States, announced major investments aimed at boosting the state's industrial progress. Key agreements include a Rs 2000 crore investment by Jabil in Tiruchirapalli and a Rs 666 crore investment by Rockwell Automation in Kanchipuram, creating over 5000 jobs.
10 Sep, 2024, 09:29 AM IST
The Indian Army and IAF have signed an agreement with Gati Shakti Vishwavidyalaya to enhance logistics expertise. Defence Minister Rajnath Singh highlighted the importance of this collaboration for national security and self-reliance in defence. The MoU aims to develop in-house logistics capabilities, supporting national development plans.
09 Sep, 2024, 03:49 PM IST
The Street has a strange habit of being able to give justification or reason for every move. So, Friday’s sharp decline has been attributed to the FPI issue. In all this noise, we are probably forgetting one basic fact that valuations are expensive and even a bit of an adverse event can lead to sharp decline in individual stock price. At this point of time, one cannot rule out more profit booking because of global reasons which can bring more damage to stock prices. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
07 Sep, 2024, 06:00 AM IST
Adani Enterprises has launched a new company in Kenya to acquire and manage Nairobi's Jomo Kenyatta International Airport. The venture, through its Abu Dhabi-based subsidiary, involves a $750 million investment by 2029. Despite protests from Kenyan transport workers over potential job losses, the government defends the deal as essential for upgrading the airport. 05 Sep, 2024, 12:33 PM IST
NeoLiv, founded by former Godrej Properties CEO Mohit Malhotra, joined forces with Royal Green Realty to develop a 20-acre township in Sonepat. With SEBI's approval, NeoLiv aims to raise $150 million for projects in Delhi and Mumbai. The company plans ten projects over 3-4 years, involving premium residential spaces. 27 Aug, 2024, 12:19 PM IST
Zelestra, a Spanish renewable energy company, has entered into a 25-year agreement to supply electricity from its 450 MW solar plant in Rajasthan to NTPC. The solar project is projected to produce 801 GWh annually, with a notable reduction in CO2 emissions over its lifespan. This supports Zelestra's expansion plans in India. 21 Aug, 2024, 05:42 PM IST
Pakistan's economic woes have deepened, with 74% of urban dwellers unable to meet monthly expenses, up from 60% in May 2023. A Pulse Consultant study noted many cut back on essentials or resorted to borrowing. The national debt is expected to grow significantly, reaching $446.61 billion by 2029. High fiscal deficits have led to increased debt payments, stalling development initiatives. Pakistani ministers recently sought debt relief from China and secured a preliminary IMF agreement for a USD 7 billion bailout to stabilize the economy and reduce energy costs. 11 Aug, 2024, 05:23 PM IST
In late April, the Godrej family celebrated their settlement agreement with 1897 Armagnac brandy, symbolizing the year their group was founded. Pirojsha Godrej, who led one branch's negotiations, shared that the process was amicable, with extensive discussions but no detailed disclosure on valuations or friction management. 09 Aug, 2024, 08:37 AM IST
Bengaluru-based Sobha Ltd has entered a joint development agreement to develop a residential project on 12 acres in Gurgaon's sector 63A. The area has attracted significant interest due to demand and improved infrastructure. Sobha plans to launch approximately 9 million square feet in FY 25, adding to its projects in sector 99 and sector 63. 07 Aug, 2024, 08:44 PM IST
The funds procured from KfW and MMRDA's resources will be primarily allocated towards various sustainable development projects within and around the Mumbai Metropolitan Region. These initiatives include the development of green corridors, solid waste management systems, recycling and reuse facilities, and the promotion of renewable energy solutions to address environmental concerns and enhancing the quality of life for residents in the bustling metropolitan area. 29 Jun, 2024, 12:04 AM IST
This strategic agreement underscores Prestige One's commitment to maintaining its top position in the real estate market by leveraging the expertise of renowned global firms. 24 Jun, 2024, 12:47 PM IST
India's economic reforms are not slowed down by re-entering coalition politics. The country has a history of tough decisions and reformist outcomes under coalition rule since the 1990s. 05 Jun, 2024, 10:15 PM IST
Tanya Dubash, executive director of Godrej Industries, will oversee brand management for Godrej Industries Group (GIG), including Godrej Industries, Godrej Consumer Products, and Godrej Properties. Nyrika Holkar, also an executive director, will lead Godrej Enterprises Group (GEG), comprising Godrej & Boyce and affiliates. The formal split, signed last month, divides the conglomerate into two branches, each managing its brand independently. 24 May, 2024, 12:48 AM IST
Emcure Pharmaceuticals and its subsidiary Gennova have resolved all legal disputes with US-based HDT Bio Corp. The parties have entered into a long-term agreement to develop mRNA vaccines against various infectious diseases in India and other countries. As part of their agreement, HDT has granted a license to Gennova to use HDT's patented mRNA vaccine technology in multiple fields 23 May, 2024, 12:05 PM IST
ArisUnitern, which is one of the pioneers in development management model, has secured eight projects in the last one-year, recorded sales exceeding Rs 300 crore within the last six months and raised over 300 crores across 7 deals and supplied materials worth Rs. 150 Crores to these clients. This reflects the mushrooming of the demand for specialised service providers in the real estate industry. 16 May, 2024, 02:11 PM IST
Investing in Chabahar presents its own set of obstacles. The progress in the region has been hindered by US sanctions over the years. Since 2018, India has refrained from importing significant amounts of heavy Iranian crude and faced challenges in providing financial aid for the construction of the Chabahar-Zahedan railway in 2020 due to sanctions. Energy trade has long been the cornerstone of India-Iran relations, and this shift has temporarily strained bilateral ties. 15 May, 2024, 11:21 PM IST
Financial Services Secretary Vivek Joshi emphasized the importance of increasing Free Trade Agreements (FTAs) to boost India's financial services exports during a workshop on financial services in FTAs. The event, jointly organized by the Department of Financial Services (DFS) and Exim Bank, aimed to explore the role of financial services in FTAs and their impact on global trade and economic development. 15 May, 2024, 09:38 PM IST
PVR Inox and QSR operator Devyani International have agreed to form a new company to develop and manage food courts in India's shopping malls. The company will invest 51:49 in its share capital, and existing food court businesses will not be part of the company until contract expiry or renewal. 14 May, 2024, 02:15 PM IST
This is the first time India will take over management of a port overseas. The port, which is seen as India's key connectivity link to Afghanistan, Central Asia and the larger Eurasian space, will help counterbalance Pakistan's Gwadar port as well as China's Belt and Road Initiative. There are plans to link Chabahar with the International North South Transport Corridor (INSTC) that connects India with Russia via Iran. The port will enable India to bypass Pakistan to access Afghanistan, and ultimately Central Asia. 14 May, 2024, 11:15 AM IST
India signed a 10-year agreement with Iran on Monday to manage Chabahar Port, marking its first overseas port management venture. The move, amidst a bustling election season, is viewed as a significant geopolitical gesture towards Iran, with potential regional ramifications. This agreement underscores India's strategic interest in Chabahar, which serves as a vital link to Afghanistan, Central Asia, and the larger Eurasian region, offering an alternative to Pakistan's Gwadar port and China's Belt and Road Initiative. 14 May, 2024, 11:15 AM IST
The 3rd Tashkent International Investment Forum (TIIF) in Uzbekistan attracted over 2.5 thousand participants from 93 countries, leading to the signing of agreements worth $26.6 billion. The event highlighted the importance of regional energy projects, including the construction of Kambarata HPP-1 and Yavan HPP, for the entire region. As a result, agreements totaling $26.6 billion were signed, demonstrating the high investment attractiveness of Uzbekistan and the success of the forum. 07 May, 2024, 08:43 PM IST
The 3rd Tashkent International Investment Forum (TIIF) attracted significant global investor interest, resulting in agreements worth $26.6 billion. The event saw over 2.5 thousand participants from 93 countries. Key highlights included presentations of regional energy projects and agreements signed for various projects. These included infrastructure development, wind farms, heat supply system modernization, sugar production, textile manufacturing, and food processing. The forum also discussed economic development, supporting small and medium-sized businesses, retail trade challenges, digital technology integration, and urban planning. 07 May, 2024, 11:05 AM IST
Godrej Properties, which is part of GIG, will have the right to use the brand for real estate development. GEG entity Godrej & Boyce will use the brand for any development on land parcels it owned on January 1 and it will not undertake any development outside of those holdings. 04 May, 2024, 11:03 AM IST
Pre-sale refers to the sale of properties before they are constructed, a common practice in the real estate sector. The company is on track to launch the National Capital Region’s first intergenerational residential community in the July-September quarter of 2024, with a revenue potential of Rs 4,000 crore. 04 May, 2024, 08:54 AM IST
Vibrant, a portfolio company of Macquarie's Green Investment, is currently operating and delivering 1.9 GW of renewable energy solutions to corporate clients across India. It has an active pipeline of 3 GW. The company was in discussions with several players such as Bain Capital, Sun Energy and Vitol earlier. 25 Apr, 2024, 01:28 AM IST
Brigade Enterprises Limited has signed a JDA with United Oxygen Company to develop 3 million sqft of office space in Bengaluru. The project on ITPL Road, Whitefield, aims to generate Rs 340 crores. Brigade plans to launch 5 million sqft of projects in the next year. Q3 FY24 saw a 24% revenue increase for Brigade. 12 Apr, 2024, 04:18 PM IST