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Sattva Group has acquired an 8.5-acre land parcel in Bengaluru’s Export Promotion Industrial Park (EPIP) from a high-net-worth individual for approximately Rs 300 crore. The property, which previously housed the operations of global healthcare major Novo Nordisk India, has been a landmark in the area for over a decade. Novo Nordisk had operated from the campus for over 10 years before transitioning out. The campus has a fully functional operational unit with a built-up area of 188,000 square feet and offers future development potential of up to 1.2 million square feet, along with a data centre of 35 MW. Strategically located in one of Bengaluru’s prominent industrial and business hubs, the acquisition is set to strengthen Sattva Group’s presence in the city’s booming commercial real estate market.

As reported by the Times of India, the man had been ordered by the court to pay Rs 2 lakh as interim maintenance to his wife, who filed for divorce last year. The resident of Vadavalli, who requested anonymity, owns a taxi. Reportedly, he arrived at the court premises on Wednesday with his car loaded with 20 bundles of coins.

Reserve Bank of India (RBI) on Friday reviewed the global and domestic economic situation and outlook at a meeting chaired by new Governor Sanjay Malhotra. The 612th meeting of the Central Board of Directors of the RBI also placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his tenure as the governor of the central bank. Das demitted officer earlier this month after completing an extended six-year tenure. «The Board reviewed the global and domestic economic situation and outlook, and discussed the activities of select central office departments as well as the draft report on Trend and Progress of Banking in India, 2023-24,» the RBI said in a statement.

Restaurant Brands Asia Ltd, formerly known as Burger King India, on Friday said its board has approved raising of up to Rs 500 crore through the qualified institutional placement of securities. The Board of Directors, in its meeting held on Friday, December 20, 2024, has approved the raising of funds through the issuance of instruments or security, including equity shares or any other eligible securities by way of a qualified institutional placement for an amount not exceeding Rs 500 crore, Restaurant Brands Asia said in a regulatory filing.

Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries. The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said. The light-sweet grade is of a similar quality to U.S. West Texas Intermediate crude, they added.

Benchmark NSE Nifty closed 364.21 points down at 23587.5 amid selling in frontline bluechip counters.

«We now have more smallcap folios than largecap. The aum for smallcap and largecap indices is almost alike and they are buying the same illiquid stock which is creating this very large dislocation. How does this unwind?,» says Jigar Mistry, Co-Founder, Buoyant Capital. Help us with your take and your outlook for the Indian markets for 2025 because 2024 has been a very interesting one, but 2025 a lot of these key drivers could be there, there could be rate cuts, the new us president-elect will be there. So, what is your outlook and expectation from the Indian markets? Jigar Mistry: We need to take a step back from the overall equity experience that we seem to be having. If you look at your over a 5 or 10-year rolling returns, the EPS growth and the share price growth at the index level largecap or smallcap or at the stocks with long enough history it has always aligned. The current observation, however, suggests that especially in the smallcap space you are seeing a huge dislocation which is something that has not really happened before.

mutual funds have offered over 25% returns in 2024. There were around 23 schemes in the category, which made their presence felt in the period. Invesco India Contra Fund, the topper in the category, offered 32.15% returns in 2024. LIC MF Value Fund and Axis Value Fund gave 30.97% and 28.98% returns, respectively, in the period.

ICC reached a breakthrough in the Champions Trophy impasse with India playing all its matches of the mega event at a neutral venue instead of host country under a reciprocal arrangement. In return, Pakistan will also play all its games in ICC events hosted by India at a neutral venue until the ongoing cycle ends in 2027. The deadlock over the hosting of next year's Champions Trophy finally ended on Thursday. «I think the PCB took the sensible approach and instead of doing something rash and facing isolation in the ICC and among other cricket nations, it opted for a solution where I think the PCB has gained more than the BCCI,» said the legendary Javed Miandad.

electric mobility is a pivotal change in the global effort to combat climate change, particularly given the automobile sector’s significant contribution to Greenhouse Gas (GHG) emissions. As urbanization and pollution escalate, particularly in countries like India, the need for a sustainable shift in the automobile industry is urgent.

Subscribe to enjoy similar stories. NEW DELHI : If you ever found it impossible to sit through a movie and wished you could leave and get your money back, even a partial refund, you may be able to do that now. Multiplex chain PVR Inox Ltd will now allow people to claim a partial refund if they leave a film mid-way, as part of efforts to widen its audience base and improve movie-going frequency.

Subscribe to enjoy similar stories. The stock of power transmission and distribution company GE Vernova T&D India Ltd is on fire. Soaring to a new 52-week high of ₹2,180 on Friday, the calendar year-to-date returns are now at a massive 330%.

Gold demand in India remained subdued this week as volatile prices prompted potential buyers to delay purchases, while higher rates across China are expected to potentially offset upcoming seasonal demand. After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said a Chennai-based jeweller. In India, domestic prices fell to Rs 75,459 ($887.28) per 10 grams earlier this week after rising to Rs 79,120 last week.

electronic voting machines will be heard by a bench headed by Justice Dipankar Datta in January next year. A bench comprising Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar said the fresh plea of former Haryana minister and five-time MLA Karan Singh Dalal and one Lakhan Kumar Singla on the issue will be heard by a bench headed by Justice Datta in the week commencing January 20, 2025. A bench comprising Justice Khanna and Justice Datta had delivered a verdict earlier in April rejecting the demand for bringing back the old paper ballots. At outset, senior advocate Maninder Singh, appearing for the Election Commission, sought dismissal of the plea, saying that similar petitions for same reliefs were rejected earlier.

For air travellers in India, 2024 turned out to be a year of turbulence — both in the skies and on the ground. From hoax bomb threats that forced emergency landings to passengers stranded on tarmacs without basic amenities, and infrastructure failures at key airports, flying often felt like a test of patience rather than a convenience. As fares soared and chaos sustained, India’s aviation sector did unlock milestones but at the same time, the industry grappled with challenges that left travellers frustrated.

Swan Energy has signed a preliminary agreement with Singapore’s AG&P Terminals & Logistics to form a joint venture for supplying liquefied natural gas in India and other countries, the company said in a regulatory filing on Friday. Swan Energy will hold a 51% stake in the JV and AG&P LNG the remaining. AG&P LNG will also collaborate on Swan Energy’s LNG regasification terminal and will also have an option to take equity stake, the companies said. The companies will also form another JV for a floating storage and regasification unit (FSRU) and a floating storage unit to operate Swan Energy’s LNG terminal. AG&P LNG will hold 51% stake in this JV with Swan holding the rest.

Om Prakash Chautala, popularly known as O.P. Chautala, was one of Haryana’s most prominent political figures, who carried a deep-rooted legacy in Indian politics. Born on January 1, 1935, Chautala passed away on December 20, 2024, aged 89. Serving as the Chief Minister of Haryana a record four times, Chautala was a stalwart of the Indian National Lok Dal (INLD), a party founded by his father, Chaudhary Devi Lal, the sixth Deputy Prime Minister of India.

Pakistan Hockey Federation (PHF) has been told to secure government clearance before confirming participation in the FIH Junior World Cup scheduled in India at the end of next year. PHF Secretary-General Rana Mujahid said the team would require a No Objection Certificate from the federal government for the national squad to travel for the FIH event to be held in December of 2025. «Normally we have always been permitted by our government to play in major events in India in recent years despite the strained relations between the two countries. But now we have been informed to first get clearance before finalising the team and confirming participation,» he told the media here. The Pakistan junior team was unable to take part in the junior World Cup held in Lucknow in December 2016 after the players were not issued visas because of late submission of applications.

As per Jaishankar, India's foreign policy today is based on three principles. «Active engagement with countries, nation's interests first under any circumstance and humanitarian approach with ethics».

Subscribe to enjoy similar stories. The International Film Festival of Kerala (IFFK), held annually in Thiruvananthapuram, concluded this week. Though the full programme only arrived days before the festival’s start, it was a stellar lineup of films from the state, the rest of India and around the world.

Subscribe to enjoy similar stories. NEW DELHI : The Supreme Court on Friday upheld the claims, amounting to more than ₹10,952 crore, of four indirect creditors of Reliance Infratel Ltd, the tower and fibre business of Anil Ambani's telecom company Reliance Communications Ltd (RCom). Reliance Infratel’s total debt exceeds ₹41,055 crore.