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The alliance of G33, African Group and the ACP (African, Caribbean and Pacific) group at the World Trade Organisation (WTO) has proposed a new method to calculate subsidies given to purchase, stockpile and distribute food to ensure food security for developing and poor nations. It has also proposed that exports of foodgrains from public stocks to needy countries be allowed for international food aid and humanitarian purposes. The alliance is keen to get more support for its proposals, officials said. «The cosponsors of the proposal are reaching out to 6-7 LDCs and the Arab Group who have given support from the floor,» an official said. The coalition has suggested that a permanent solution for public stockholding should account for inflation and be based on a recent reference price. At present, the external reference price (ERP) used for calculating subsidies is based on 1986-88 prices. «Production of staples has been hit in many countries and they are now concerned about their food security.

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following the share allotment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. «Reliance Retail Ventures Ltd today received the subscription amount of Rs 2,069.50 crore from Alyssum Asia Holdings II Pte.

domestic flights and 6,960 international air traffic movements last month. Delhi, Bengaluru, and Chennai emerged as the top domestic destinations in August, while Dubai, London, and Abu Dhabi were the most preferred international destinations from the airport.

NEW DELHI : India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said. Commerce secretary Sunil Barthwal will chair a high-level meeting on Friday to potentially discuss India’s priorities at WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi in February and chalk out arguments explaining New Delhi’s stance on the issue. This comes as India, the largest rice exporter, imposed curbs on exports of the commodity after a rainfall deficit during the monsoon triggered food security concerns.

ICC) has charged eight people including players, officials and a couple of Indian team owners, Parag Sanghvi and Krishan Kumar Chaudhary on different counts of corruption during the 2021 edition of Emirates T10 League. The two Indians were co-owners of the team Pune Devils and one of their players in that edition, former Bangladesh Test batter Nasir Hossain has also been charged for breach of league's anti-corruption code. The third Indian, who is indulged in corrupt activities, is a little-known batting coach named Sunny Dhillon. «The charges relate to the 2021 Abu Dhabi T10 Cricket League and attempts to corrupt matches in that tournament — these attempts were disrupted.

Islamic Coin, a digital currency that aims to Shariah principles and promote ethical values, has initiated its Reg D Token Offering to the public in collaboration with OpenDeal Broker, a subsidiary of Republic.

Jupiter Life Line Hospitals debuted at a premium of 32.4% over its IPO price at Rs 973 apiece on NSE in Monday's trade. The stock, meanwhile, listed at Rs 960 on BSE, up 30.6%, over the issue price of Rs 735. Ahead of the listing, the stock traded at a premium of Rs 233 in the unlisted market. The Rs 869-crore IPO of Jupiter Life Line Hospitals was subscribed 63.72 times on the last day of the bidding process, led by massive demand from QIBs whose category was subscribed 187 times. The issue, which comprised fresh equity of Rs 542 crore and an OFS of 4.45 million equity shares, was priced in the range of Rs 695-735. The company aims to be debt-free post the IPO.

Jupiter Life Line Hospitals will debut on the exchanges on Monday. Ahead of the listing, the company's shares are commanding a premium of Rs 233 in the unlisted market. The IPO was priced in the range of Rs 695-735. Considering the upper price band, the stock is expected to list at a premium of about 32%. The Rs 869-crore IPO of Jupiter Life Line Hospitals was subscribed 63.72 times on the last day of bidding, led by massive demand from QIB whose category was subscribed 187 times. The company aims to be debt-free post the IPO.

Premier League team Everton will be bought by American private investment firm 777 Partners

Flying rights are allocated on a bilateral reciprocal basis by the government to airlines of their country. Airlines cannot operate more flights than they are allotted.

Chimera Investment LLC, part of a business empire overseen by Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan, set up a $50 billion fund, adding to the plethora of sovereign and state-linked funds in the oil-rich emirate.

Reliance Industries: Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion. The discussions of India's largest retailer with investors are part of an internal target to raise $3.5 billion which the company wants to close by the end of this month, according to a report by news agency Reuters. Out of that, QIA last month announced a $1 billion investment and KKR & Co this week $250 million.

Adani stocksAdani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year, Bloomberg reported.Reliance IndustriesReliance Industries arm Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion.Read more: Here's the trading setup for today's sessionKPI Green EnergyKPI Green Energy has commissioned a 7.80MW wind-solar hybrid power project comprising 4.20 MW wind and 3.60 Mwdc solar capacity under the CPP segment.NBCCNBCC has been awarded consultancy and project management services for upcoming Infrastructural related projects of Bokaro Steel Plant from SAIL.IRCTCIRCTC has signed a Memorandum of Understanding (MOU) with Maharashtra State Road Transport Corporation (MSRTC) to enable MSRTC's online bus booking services via IRCTC's bus booking portal/website.Bombay DyeingBombay Dyeing approved a proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5200 crore.WiproWipro has launched a cyber defense center (CDC) in Dusseldorf, Germany.

Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year. Banks are likely to refinance a total of $3.5 billion, according to people familiar with the matter, who asked not to be named because the matter is private. Adani would repay at least $300 million on the original Ambuja facility, they said.

Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, according to a report by news agency Reuters. MORE TO COME…

RR Kabel Ltd on Tuesday said it has mobilised Rs 585.62 crore from anchor investors ahead of its initial share sale. The company has allocated 56,58,201 equity shares to 54 entities at an average price of Rs 1,035 apiece, according to a circular uploaded on the BSE website. HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, HDFC Life Insurance Company, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, Elara India Opportunities Fund, and Government Pension Fund Global are among the anchor investors. RR Kabel's Rs 1,964 crore Initial Public Offering (IPO) which comprises a fresh issue of shares worth up to Rs 180 crore and an offer for sale (OFS) of over 1.72 crore shares by promoters and other external shareholders opens for public subscription on Wednesday. Through the OFS, the promoters/promoter entities will sell 3-4 per cent of their holdings but will still continue to hold 64 per cent in the company.

RR Kabel IPO: RR Kabel has raised ₹585 crore from anchor investors a day ahead of its IPO subscription opening for bidding. RR Kabel initial public offering (IPO) will open for subscription on Wednesday, September 13 and close on Friday, September 15. The TPG-backed company has fixed the price band at ₹983 to ₹1,035 per equity share of face value of ₹5 each for the issue.

Justin Trudeau and his delegation are facing travel disruptions in India as their official aircraft developed technical issues, leaving them stranded in Delhi. The situation is causing uncertainty and may result in Trudeau's return to Canada being delayed. The 30-year-old aircraft, an Airbus A310, was scheduled to transport Trudeau and his team back to Canada from Delhi on Sunday night.

By Yousef Saba and Rachna Uppal

startups and funds said they avoided investment from the country over moral concerns. Some companies continue to steer clear of the kingdom, while human-rights groups say itsrecord on treatment of government dissidents remains aserious problem. But Saudi funding became more in demand last year when other money began to get tight.

₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi. Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores. The net proceeds from the fresh issue will be utilised to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes.