Record News

The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent ascent to record highs and positioning itself as a preferred fundraising destination for companies outside Japan. Under a new initiative, the exchange is working with banks and other partners to select a few startups from other parts of Asia this summer to help them grow their business for potential initial public offerings down the road, said Hiromi Yamaji, group chief executive of Japan Exchange Group, the parent company of the Tokyo exchange. “We want them to use the Japanese market as a springboard to become a global company," Yamaji said in a recent interview.

Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2024. Aravind Maiya, Chief Executive Officer of Embassy REIT, said, “FY2024 has been a blockbuster year for Embassy REIT. We leased a record 8.1 msf to leading corporates, majority of which were GCCs, we delivered 2.2 msf of new office development, and we recently announced our intent to acquire, demonstrating our commitment to driving growth for all our stakeholders. In our fifth year as India’s first listed REIT, we continue to see our business grow from strength to strength, and we are excited to announce our entry into a new market with our proposed acquisition of Embassy Splendid TechZone in Chennai. Given the sustained robust performance and our positive outlook on Indian office, we’re pleased to provide guidance for FY2025, which includes 5.4 msf of total leasing and distributions guidance in the range of ₹22.40 to ₹23.10 per unit." The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of ₹495 crores or ₹5.22 per unit for Q4 FY2024.

Noida and Greater Noida. Akin to poll discipline, certain institutions will remain closed throughout Noida, Greater Noida tomorrow.

Disney Star stated that it has witnessed continued rise in TV viewership for the marquee tournament. According to the latest data released by BARC, Disney Star, in the first 34 matches, has achieved a cumulative reach of 47.5 crore viewers, recording a growth of 5 per cent on TV reach for Live Broadcast compared to the previous highest recorded in 2019. Moreover, the broadcaster has seen an 18 per cent growth from previous edition in minutes of total watch time with 24,500 crore minutes spent.

Disney Star, the official broadcaster of the Indian Premier League (IPL), has achieved a cumulative reach of 47.5 crore viewers for the 34 matches of the tournament. As per Broadcast Audience Research Council (BARC) data shared by the broadcaster, the 34 matches have witnessed 24,500 crore minutes of total watch time, a growth of 18% in consumption compared to the previous edition. IPL has also recorded a growth of 5% in TV reach for live broadcasts compared to the previous highest recorded in 2019. The television rating (TVR) has also grown by 19%.

fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period. According to a regulatory filing, Embassy REIT has posted an 8 per cent annual increase in its net operating income to Rs 2,981.9 crore during the last fiscal year.

Having no CIBIL score, or a credit file with limited credit history, can lead to a number of consequences. Banks usually subject applicants with no credit history to additional layer of scrutiny. Alternatively, they can even ask for additional documentation to evaluate their creditworthiness. This tends to make the application process lengthier and cumbersome.

Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has emerged as a significant wealth generator for investors over the past year. With its shares climbing from ₹175 apiece a year ago to the current level of ₹747, investors have enjoyed an impressive return of 327%. For instance, an investment of ₹one lakh in the stock a year ago would now be valued at ₹4.3 lakh, showcasing remarkable growth.

—Name withheld on request Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders. Once the moratorium period is over, insurers cannot reject a claim on the grounds of non-disclosure, or misrepresentation.

Embassy Office Parks REIT, India’s first listed REIT and the most prominent office REIT in Asia by area, has leased 8.1 msf of office space in FY24, surpassing the full-year guidance by 35%. Global Capability Centres (GCCs) account for over 65% of the annual leasing activity. Leading multinationals; achieved occupancy guidance of 85% at year-end. While Bengaluru occupancy is at 91% and Mumbai at 99%. Both markets represent ~86% of total assets by value. The firm has set an initial guidance of 6 msf for the last fiscal. Embassy Reit has set guidance for FY2025 with 5.4 msf of total leasing.

A home is usually the most prized possession in one’s lifetime. However, neglecting critical aspects during a property purchase can lead to costly repercussions. In the vibrant real estate market, two main categories of property dominate: under construction and ready for occupancy. While a ready-to-move property offers immediate utility or rental income, buyers must be vigilant about several key factors when considering such investments.

Something seems to be afoot in Singapore, where multiple sources say people have been dismissed from their banking jobs after being asked to repay medical insurance claims.

However, the weak discretionary spending will weigh on the overall performance, according to analysts. Consolidated revenue is expected to rise 0.5% sequentially and 7.5% year-on-year (YoY) to Rs 28,599 crore, according to the average of estimates given by 10 brokerages.

₹934 crore for the quarter ended March 2024, recording a rise of 27% from ₹737 crore in the year-ago period. Nestle India net profit beat analysts’ estimates of ₹858 crore.

Q4 results 2024: Ahead of the announcement of Vedanta Q4 results today, the Indian metal major Vedanta shares witnessed selling pressure in early morning deals. Vedanta share price today opened downside at ₹380 apiece on NSE and went on to touch an intraday low of ₹377.10 per share, recording around 1.65 percent intraday loss during Thursday deals.

Vedanta leading as the top gainer. Starting the year at ₹258.55 per share, Vedanta's stock has surged to the current price of ₹383.45, marking a return of nearly 50%. Currently, the stock is trading at its 24-month high.

Ashish Kacholia portfolio: Shares of Man Industries (India) Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. This multibagger stock has doubled investors' money in the last six months whereas, in one year, this Ashish Kacholia portfolio stock has given more than 350 percent return to its positional shareholders. However, it seems that ace investor Ashish Kacholia is still bullish on this multibagger stock.

Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on the first media day of the Beijing auto show. The locked-in orders, which refer to those where buyers have opted for non-refundable deposits, have come less than one month into the launch of Xiaomi's first car in late March.

Treasury yields amid positive corporate results particularly from technology giants. An auction of a record $70 billion worth of five-year U.S. Treasury notes on Wednesday helped to push bond yields higher and had weighed on equities. The benchmark 10-year Treasury note rose five basis points to 4.6459%.

Indian Grandmaster D Gukesh was swamped by fans as he returned to the country here on Thursday after becoming the youngest challenger to the world title by winning the Candidates Chess Tournament in Toronto. Hundreds of students from the Velammal Vidyalaya, the school where Gukesh studies, lined up at the airport at least one hour before his flight landed to greet their 17-year-old fellow student. A sizeable general crowd also built up as his arrival time drew closer and the area around the arrival gate was jam-packed in no time. The youngster walked out at around 3am and he was immediately flanked by the jubilant mass. In no time, he had garlands around his neck even as the police jostled to escort him out safely.

KYC process for investors due to new guidelines that came into effect on April 1, the five KYC registration agencies (KRAs) — CDSL Ventures (CVL), NSDL Database Management (NDML), CAMS, Karvy, and Dotex have come with guidelines to simplify the process. All KRAs put together hold the KYC records of 108.3 million investors and facilitate storage and modification.