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20.11 / 10:25
markets Strategy awards AVP reports Equity investments in Indian real estate may rise 49% to record USD 11 billion this year: CII-CBRE
Equity investments in Indian real estate may rise 49 per cent to USD 11 billion this calendar year amid strong demand for properties, according to CII and CBRE. In 2023 calendar year, the equity investments in real estate stood at USD 7.4 billion. Industry body CII and real estate consultant CBRE on Wednesday released a joint report titled 'Leading the Charge: Crafting the Skylines of Tomorrow' at the annual CII Realty 2024 conclave. Equity capital inflows touched USD 8.9 billion between January and September, registering a 46 per cent year-on-year growth.
20.11 / 09:37
markets Target Strategy Opinion Food shock Headlines Delhi versus Mumbai: How the interest rate battle is playing out
Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided in its meeting held last month to keep the policy rate unchanged for the tenth consecutive time. In April last year, the MPC stopped its rate-hike cycle by retaining the key lending rate at 6.5 per cent. The RBI had hiked rates six times in a row before it decided to pause in April last year. The impact of those rate hikes was not believed to have percolated to the ground by then. As inflation seemed to be coming under control in recent months, expectations about a rate cut grew. Though the RBI changed the stance to 'neutral' from the earlier 'withdrawal of accommodation' unanimously, it retained the key rate at 6.5%. in its last meeting in October due to high inflation. The inflation further touched a 14-month high at 6.2% for October, led by a spike in vegetable prices. It is above the RBI's mandate of 4% with a tolerance band of 2 percentage points on either side. Now, many expect the RBI to cut rates in February next year, instead of earlier expectations of a rate cut in December.
20.11 / 09:37
markets security Strategy Sustainability AVP Schools NFO Alert: Franklin Templeton Mutual Fund launches long-duration fund
Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme that invests in instruments such that the Macaulay Duration of the portfolio is greater than seven years. The New Fund Offer (NFO) for the scheme is open for subscription and will close on December 4. The investment objective of the scheme is to generate returns by investing in debt and money market instruments, ensuring the Macaulay duration of the portfolio exceeds seven years.
20.11 / 09:37
markets Provident Manufacturing Assurant Strategy Hallmark 22K gold rates today: Check gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq
hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price.
20.11 / 09:37
markets UPS Reuters economy Election Nov Trade Donald Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth
The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on Nov. 5, also predicts that the President-elect will resist starting off with blanket 60% tariffs on Chinese goods. Trump, who is due to take office in January, pledged during campaigning to slap hefty tariffs on Chinese imports as part of a package of «America First» trade measures, causing unease in Beijing and heightening growth risks for China.
20.11 / 09:37
markets Digital Google Strategy awards Experts country National Skills Development Fund to invest surplus in term deposits for better returns
Skill Development Fund (NSDF) will soon invest its surplus funds in term deposits to get better returns on the corpus used for imparting skills training in the country. The fund has invited expressions of interest from public sector banks to invest around Rs 900 crore in fixed deposits for a period of one year, the ministry of skills development and entrepreneurship said in a notification. The plan is to prepare a panel of banks for investment of surplus funds in fixed deposits.
20.11 / 09:37
markets Google CEO Platform awards AVP NoBroker's billion-dollar ascent, from physical threats to unicorn status
NoBroker, the online real estate platform, faced significant obstacles in its early days, including physical threats from traditional brokers angered by the company's disruptive business model, CEO Amit Kumar Agarwal revealed at the Technovate for India program in Bengaluru. In 2015, a group of brokers attacked NoBroker's office, assaulting employees and attempting to force their way into the building. This incident, Agarwal shared, forced the company to relocate overnight and keep their office locations unlisted on Google Maps for safety. Despite these challenges, NoBroker has grown significantly, now boasting a valuation of over $1 billion. “We’ve gone from zero to over 30 mn cumulative users and now add half a million new customers every year,” stated Agarwal at the event, organized by The Times of India and Talrop.
20.11 / 09:37
markets UPS band performer pop musician Shillong’s home-grown beats at Cherry Blossom Festival 2024: MGMP and the state’s music economy
Chammak Challo (with Hamsika Iyer), the global hip-hop star headlined day one. In Shillong as part of his SuperFan Tour, he was traditionally welcomed by Meghalaya’s Khasi Seng Community. Keeping up the tempo but hitting the note of nostalgia was the legendary Boney M group’s live performance. The cherry on the top was the fact this was the R&B band’s Farewell Tour. In a breathtaking moment, in the misty late-night air, international pop sensation Lucas took to the stage as well, with Indian singer-songwriter Jasleen Royal closing day one with great fervour. Earlier, Queen Sensation (a global Queen tribute band) paid homage to the Freddie-Mercury led rock band. However, day one would have been incomplete without the performances of Shillong’s iconic blues-rock band, The Great Society, and household names Jessie Lyngdoh and Rito Riba. On day two,Meghalaya’s home-grown music stars, including Khasi Bloodz and SK Korn, added distinctive tones, showcasing musical diversity and representing local talent. Indeed, it is this representation of local voices that was an undertone of the festival and its boundless energy and spirit, which DoNER Minister Shri Jyotiraditya Scindia recognised as unmatched in India, referring to Meghalaya as the “music capital of the country.” He lauded the efforts of the government and the people of Meghalaya, saying, “Hats off to Conrad; hats off to you all (the people of Meghalaya)”.
20.11 / 09:37
markets JPMorgan Strategy Enterprise President voice reports Why Donald Trump's win is good news for Indian IT firms, says India's 3rd largest tech co's boss Rishad Premji
Wipro Executive Chairman Rishad Premji has voiced optimism about the potential impact of Donald Trump’s return to the US presidency on India’s IT services sector. Speaking at an event in Bengaluru on November 19, Premji stated that Trump’s policies, which he described as «pro-business and pro-growth,» would benefit the technology services industry both in India and globally. «The government is very pro-business and pro-growth, which helps all of our customers, ultimately benefiting partners here in India and worldwide,» Premji said, highlighting the potential for tax cuts and deregulation to positively influence business activities. This optimistic outlook follows a period of uncertainty for India’s IT companies, many of which have faced challenges as clients reduced spending on discretionary projects due to ongoing macroeconomic issues and inflationary pressures. Premji suggested that Trump's focus on corporate tax reductions and easing business regulations could help stimulate customer spending and contribute to growth in the sector.
20.11 / 09:37
markets Hollywood Actor rapper reports Relationships Are Ashton Kutcher and Mila Kunis heading for a divorce? Actor's connection with Diddy spells trouble
Both onscreen and in real life, Ashton Kutcher and Mila Kunis have seen their relationship go through a lot. Rumours of two parting ways surfaced last month, suggesting that Kutcher's alleged past with the music mogul Sean Diddy Combs might be the reason. Kutcher's 2019 interview on Hot Ones also fuelled speculation. In the viral clip, the actor cryptically referenced Diddy’s infamous parties as «weird».
20.11 / 09:23
Target Jupiter plans merger of former Dan Nickols UK small-cap fund by end of year
Beginning back in 2022, Jupiter began a firmwide fund overhaul, mainly targeting «subscale» portfolios with less than £100m of assets under management across its entire asset class mix. In a letter to shareholders of the Jupiter UK Smaller Companies Equity fund, the firm said it was proposing a merger of it into the Jupiter UK Smaller Companies mandate due to the «materially similar» mandates, with 92% crossover in the funds' underlying assets. Jupiter poaches European equity team from GAM Investments The UK Smaller Companies Equity fund was founded in 1999 and currently has £91.9m...
20.11 / 09:23
Target Boeing wellness Hike in energy prices pushes inflation above BoE target at 2.3% in October
According to data from the Office for National Statistics today (20 November), the increase was largely driven by a rise in energy prices last month, although it was partly offset by the recreation and culture sector. Core inflation increased as well to 3.3% from 3.2% a month prior, still well above the Bank of England's target of 2%, as services inflations continued to remain sticky rising to 5% from 4.9% in September. BoE's Andrew Bailey warns Budget tax hikes add 'uncertainty' for interest rate cuts Chief secretary to the Treasury Darren Jones, said: «We know that families acros...
20.11 / 08:59
markets Strategy Apple Experts Justice Courts Himachal HC orders closure of 18 loss-making tourism corporation hotels
Himachal Pradesh Tourism Development Corporation with poor occupancy were ordered to be shut down by the high court on Tuesday. A single-judge bench of of Justice Ajay Mohan Goel said that HPTDC properties should be shut by November 25 and directed that the managing director of the corporation would be personally responsible to ensure the enforcement of the order. The properties were being closed as they are financially viable, the court said, adding that public resources should not wasted by the HPTDC in the upkeep of «these white elephants». The Palace Hotel (Chail), Hotel Geetanjali (Dalhousie), Hotel Baghal (Darlaghat); Hotel Dhauladhar, Hotel Kunal Dharamshala and Hotel Kashmir House (Dharamshala); Hotel Apple Blossom (Fagu), Hotel Chandrabhaga (Keylong), Hotel Devdar (Khajiar), Hotel Giriganga (Kharapatthar), Hotel Meghdoot (Kiarighat), Hotel Sarvan (Kullu); Hotel Log Huts, Hotel Hadimba Cottage and Hotel Kunzum (Manali); Hotel Lihagsa (Mcleodganj), The Castle (Naggar) and Hotel Shivalik (Parwanoo) will be closed by this Monday, as per the order.
20.11 / 08:59
UPS Strategy Experts reports travelers Department mountaineering ‘Bomb Cyclone’ batters Northwest US, leaving over 600,000 in the dark and one dead
power outages, and dangerous weather conditions. Known as a “bomb cyclone,” the storm intensified rapidly, bringing powerful winds and heavy rain to Washington, Oregon, and California.
20.11 / 08:59
UPS Strategy Fallout Experts performer reports cricket IPL auction 2025: KL Rahul to Shreyas Iyer, 5 Indian batters in focus
As teams gear up for the IPL 2025 mega auction, selecting the right Indian batters will be critical. While consistency is key, in T20 cricket, even a quickfire 20-30 runs off 10 deliveries can tilt the game. Teams will likely be on the lookout for players who may not be technically perfect but can hit the ball out of the park at will — the hallmark of T20 cricket. Here’s a look at five Indian batters who are likely to be highly sought after in the IPL auction: KL Rahul
20.11 / 08:59
awards WhatsApp JSW Group chairman says govt studying request for temporary tax on China steel dumping
JSW Group said India's steel and finance ministries are studying request for temporary tax on China steel dumping, chairman Sajjan Jindal said on the sidelines of an industry event. «They are studying it, they are looking at it favorably, that's all I hope. The process is on consultation with user industry. We haven't heard back (from the ministries) yet,» Jindal said.
20.11 / 08:59
markets Strategy President Experts War China urges 'calm' after Vladimir Putin decree on broader use of nuclear weapons
Moscow has reacted furiously to a decision by US President Joe Biden to change policy on Ukraine and allow Kyiv to use US-supplied long-range missiles to strike Russian territory for the first time. On Tuesday, Putin signed a decree that enables Moscow to use nuclear weapons against non-nuclear states such as Ukraine if they are supported by nuclear powers.
20.11 / 08:59
markets Progressive security Strategy wellness Experts Fishing Multi-agency Sea Vigil exercise underway off Goa to assess security preparedness
Sea Vigil exercise to check the preparedness of security forces began off the Goa coast on Wednesday, officials said. Conceived in 2018, the exercise was basically to derive the lessons and actions to be taken after the 26/11 Mumbai attacks, Commodore Dushyant Purohit, Chief Staff Officer, naval officer in-charge of the Goa naval area, told reporters at Vasco (in South Goa). The first phase of the exercise was held from November 12 to 19.
20.11 / 08:59
markets UPS Digital Strategy Experts testing peace N. Korea's latest weapon? Bombarding South Korea with noise
Before it started, 56-year-old Kim Yun-suk fell asleep to the hum of insects and woke to the chirping of birds. Now, she is kept awake every night by what sounds like the soundtrack of a low-budget horror movie at top volume. «The peaceful sounds of nature… have now been drowned out,» Kim told AFP.
20.11 / 08:59
markets Progressive Strategy awards Experts reports Raheja Developers moves NCLAT against insolvency
Raheja Developers on Wednesday moved before the appellate tribunal NCLAT to challenge the initiation of insolvency proceedings against the realty firm over default on non-delivery of its Gurugram-based Shilas project. On Tuesday, the Principal Bench of the National Company Law Tribunal (NCLT) admitted a plea filed by over 40 of its flat allottees of Sector 109, Gurugram-based projects and directed to initiate a Corporate Insolvency Resolution Process (CIRP). Moreover, the NCLT had also appointed an Interim Resolution Professional (IRP), suspending the board of the realty firm and putting it under the protection of moratorium against lenders, as per the provisions of the Insolvency & Bankruptcy Code. The NCLT has also directed the IRP to submit a report on the progress of the CIRP by January 22, 2025.

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