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IDBI Bank has petitioned the Mumbai bankruptcy bench to initiate corporate insolvency against Mumbai Metro One Pvt Ltd, which operates the metro line from Versova to Ghatkopar. The lender is seeking recovery of Rs 133.37 crore, including interest component, from Mumbai Metro One, according to stock exchange disclosure. Anil Ambani's Reliance Infrastructure owns a 74% stake in the metro line operator, while the remaining 26% stake is held by Mumbai Metropolitan Regional Development Authority (MMRDA), an apex body for planning and coordinating development activities in Mumbai. This was the first metro project awarded in the country on a public-private partnership (PPP) basis and entails the design, financing, construction, operation and maintenance of about 12 km elevated metro operating between Versova to Ghatkopar with 12 stations en-route. In August, State Bank of India filed a petition at National Company Law Tribunal (NCLT) Mumbai bench to admit the company for corporate insolvency for recovery of their Rs 416 crore debt. Other lenders include Canara Bank, Indian Bank, Bank of Maharashtra, IDBI Bank and India Infrastructure Finance Company (UK).

'Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing. Fund managers and funds have moved to new asset managers,' Odey AM said on its website.

Just a few years ago, Glen Point Capital co-founder Neil Phillips was celebrated as an aggressive but canny trader in the mold of one of his macro hedge fund’s main investors, George Soros.

Equity US was the best-selling Lipper Global Classification for the month, gaining $28.7bn, over half of what the category gained in the first six months of the year combined.

Investing.com — Crude prices tumbled almost 4% on Monday as the market looked beyond the war in the Middle East to focus on what the Federal Reserve might do or say at its interest rate decision on Wednesday.

Brooks MacDonald said its job cuts are expected to result in an annualised staff cost reduction of around £4m.

Overall shop price inflation slowed for the fifth consecutive month to 5.2%, its lowest rate since August 2022. This is likely to bring the headline Consumer Prices Index down from its current level of 6.7%.

The company’s primary listing is on the New York Stock Exchange, where it is valued at around $92bn, said the majority of the trading in its shares is done.

The Treasury also declined to regulate decentralised finance (DeFi) in this phase of regulation, saying it would be 'premature and ineffective'.

health insurance for themselves or their dependents in India. According to a PolicyBazaar report, among NRIs, those from Gulf nations like the UAE, Saudi Arabia, Qatar, Oman, and Kuwait constitute the largest percentage of health insurance buyers, at 58%, followed by the USA/Canada (14%), the UK (8%), and Australia (6%). Think you check all the immigration boxes? Find out The appeal lies in the lower cost of health insurance in India compared to other countries, making it a viable choice for those residing abroad. Family floater health insurance plans are the preferred choice among NRIs, accounting for 40% of purchases. A significant portion of these policies (25%) is bought for parents or senior citizens residing in India. To maximize their health insurance benefits, NRIs opt for high-sum insured plans, especially crucial for severe illnesses or costly medical conditions. At least one-fourth of NRIs choose coverage of more than Rs 1 crore, while 34% opt for a sum insured between Rs 25 lacs to Rs 1 crore. Over half of the buyers opt for multi-year policies to take advantage of premium discounts. This not only locks in the premium for the chosen period but also guards against medical inflation or changes in premiums due to increasing age.

The disturbing fact of the past month is that Jews are under attack not only in Israel and not only by Hamas. The weeks since the barbaric Oct. 7 Hamas invasion of Israel have witnessed physical assaults on Jews the world over, including in the U.S.

Story Time with Sudha Amma, which will begin streaming on 31 October. The show will feature 52 stories penned by Murty including Grandma’s Bag of Stories, Grandparents’ Bag of Stories, and The Magic Drum and Other Favourite Stories and will be streamed on Murty Media’s YouTube channel. The series will be launched in six languages – Hindi, English, Marathi, Kannada, Tamil, and Telugu, with each episode 11-minute long.

Journalists confirmed that 31 journalists have been killed in the Israel-Hamas war since October 7, The Times of Israel reported. These 31 journalists included 26 Palestinian, 4 Israeli and 1 Lebanese journalist. Moreover, eight journalists were reported injured, whereas, nine were reported missing or detained, reported The Times of Israel.

Armenia in South Caucasus is a hidden treasure with its world class wines, pristine valleys, breathtaking views that caters to a variety of tourists and lagro products that would be savoured globally. Not many are aware that the world’s first winery existed in Armenia 6,000 years back and in present-day Armenia it has been revived leading to a craze for tastier home-grown wine even as the locally produced Brandy remains popular in the region and beyond. Over the last decade and a half almost 200 local wine brands have entered the market making a market not only locally but in Russia, Europe and the USA. India is the next preferred target for the Armenian wine industry in the backdrop of emerging strategic partnership. Leading from the front is Armas and its dynamic CEO Victoria Aslanian – vineyards, Winery, Distillery, Hotel and Tasting room. “Wine existed in Armenia since antiquity and the industry has been revived successfully.

ANI. Messi who represents the club Inter Miami became the first player from Major League Soccer (MLS) to achieve this accolade.

Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to.

King Charles III wants to look to the future when his four-day state visit to Kenya starts on Tuesday

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

McDonald’s said Monday it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers

Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed. 

Netflix is set to launch its latest British Original film, "Locked In," directed by Nour Wazzi and written by Rowan Joffe. Scheduled for a global release on November 1st, this article offers a comprehensive preview of everything you need to know about «Locked In,» including insights into the plot, cast details, production updates, and the Netflix release date.