Awards Financial News

ADOR, the sub-label of the K-pop giant, amid the ongoing drama between HYBE’s executives and Min HeeJin, who was ADOR’s former CEO and the girl group’s creative director. However, losing New Jeans has proven to be disastrous for HYBE.

National Capital Region (NCR) are urging the government to lift a pollution-related ban on construction, citing the exodus of labourers from the region due to lack of work opportunities. Several builders said the Commission for Air Quality Management (CAQM) should consider recent improvements in air quality and permit continuation of construction activity, particularly for RERA-registered projects. “Everything has come to a standstill; real estate is not just about builders; more than 150 industries are associated with it. Their business is impacted severely. Instead of banning construction every year, the government should come up with a permanent solution so that those relying on daily earnings are not impacted,” said Harsh Vardhan Bansal, president, The National Real Estate Development Council (NAREDCO) Delhi.

Indian Vegetable Oil Producers Association (IVPA) feels that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. Sudhakar Rao Desai, CEO of Emami Agrotech and president of IVPA said «The agri industry and agriculture commodities and ecosystem which comprises of various participants and stakeholders, who contribute substantially to India’s agri value chain and agri economy has suffered immensely due to the protracted and prolonged suspension of exchange-traded commodity derivatives. IVPA has been a strong proponent of supporting the cause of income improvisation and enhanced price risk management. „ “IVPA believes that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. In light of the findings that the studies conducted by leading economic study institutions such as BIMTECH and SJM School of Management, IIT Bombay has clearly articulated – that futures trading not only aids the process of price discovery and sets pricing benchmarks for agri commodities across spot markets, eventually impacting the retail markets positively – but allows for better crop planning at the farmers end, ultimately benefiting the entire value chain,» he said.

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has completed the acquisition of Norwegian firm Equinor's stake in an Azerbaijan oilfield and an associated pipeline for USD 60 million, the firm said in a statement. OVL «has completed the acquisition of 0.615 per cent participating interest (PI) in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. This also includes the acquisition of 0.737 per cent shares of Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary ONGC BTC Limited», a company statement said. The firm had signed a sale purchase agreement (SPA) for the stake buy in July and the deal was completed on November 29.

The report highlighted that the real GDP growth in the first half (H1 FY25) stood at 6.0 per cent, with a projected growth of 6.5-6.8 per cent in the second half (H2). As per report the manufacturing-led slowdown significantly impacted the overall economic performance. The industry sector's growth declined to a six-quarter low of 3.6 per cent in Q2, contributing to the subdued GDP numbers.

He was replying to a question in Rajya Sabha on Thursday on the current status of the Chabahar Port. In May 2015, India and Iran signed an MoU on ‘Partnership of India in the Development Plan of Chabahar Port’. This was followed by the signing of a Trilateral Agreement in May 2016 between India, Iran and Afghanistan to establish the International Transport and Transit Corridor (Chabahar Agreement).

fraud through widely prevalent "mule accounts", a top executive said. The Reserve Bank Innovation Hub's (RBIH's) platform, termed Mulehunter.Ai, has already been deployed by two large public sector banks, according to RBIH chief executive Rajesh Bansal. The trademarked platform was developed after identifying a total of nineteen patterns based on insights from multiple banks, he said. A mule account refers to a bank account that is used to receive and transfer funds acquired by illegal means.

Our winners were celebrated at a special ceremony in London on 27 November, hosted by comedian Lucy Porter. This year's charity for the evening was The Girls' Network, which works to inspire and empower girls from the least advantaged communities by connecting them with a mentor and a network of professional role models who are women. Now in their eighth year, the Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry. This year, we were delighted to receive 924 nominations f...

Dixon Technologies Friday said it has entered into an agreement with Taiwanese original design maker Compal Electronics to make Google Pixel devices in India, as the US major strives to gain a foothold in the world’s second largest smartphone market. Dixon becomes the second contract manufacturer for Google who had started making Pixel phones locally with Foxconn subsidiary Wow Tech at their Chennai facility. “This is a significant opportunity for Dixon and marks an exciting step in our growth and commitment to delivering cutting edge, high quality products to the global and domestic market,” Atul B. Lall, Vice Chairman of Dixon Technologies said in a notice to the stock exchanges.

Realty developer Lodha, listed as Macrotech Developers has made strategic acquisition of a 100% equity stake in Janus Logistics and Industrial Parks Pvt Ltd (JLIPPL) from Phoenix Logistics and Industrial Parks for nearly Rs 48 crore. This strategic move aligns with the company’s vision for growth in digital infrastructure through its Lodha Industrial and Logistics Park (LILP) initiative. No regulatory approvals are required for the acquisition that was conducted on Friday, Macrotech said in a regulatory filing.

Gross domestic product grew 5.4% in the three months to September from a year earlier, the Statistics Ministry said in a statement on Friday. That’s the worst reading since the fourth quarter of 2022 and much lower than the central bank’s projection of 7% for the period. None of the 44 economists surveyed by Bloomberg had predicted such a slow pace of expansion. Bonds rallied as traders now expect the central bank to start loosening monetary policy. The yield on the 10-year benchmark bond fell 6 basis points to 6.74%.

Subscribe to enjoy similar stories. The White House is racing to lock down President Biden’s dearest policy goals, distributing billions of dollars to safeguard favored projects before President-elect Donald Trump takes office in January. With less than two months left in his term, Biden plans to pursue a laundry list of items including funding weapons for Ukraine, pressing for stability in Gaza and winning confirmation of roughly a dozen federal judges.

DLF Info City Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd, the rental arm of DLF, has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP ( An affiliate of Primarc & RDB group), for Rs 637 crore. “This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management. It also demonstrates our commitment to continuously enhance shareholder value,” said Sriram Khattar, Vice Chairman & MD, DLF Rental Business. Kolkata Tech Park 1 is one of the largest IT Park in eastern India with gross leasable area of approximately 1.49 million sq ft.

The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co Ltd, Korea, with which the ship owning company has concluded a shipbuilding contract. The contract was signed in the presence of R K Jain, GAIL Director (Finance), Sanjay Kumar, GAIL Director (Marketing), and R K Singhal, GAIL Director (Business Development) by S Bairagi, GAIL Executive Director (Marketing — Shipping & International LNG) and Satoshi Kanamori, Managing Executive Officer (LNG, Carbon Solution Business), K-Line.

Power Mech Projects on Friday said it has secured an order worth Rs 510 crore from Adani Power for mechanical construction work. The mechanical construction work has to executed at a Thermal Power Project at Adani Power in Chhattisgarh, Power Mech Projects said in an exchange filing.

Knight Frank and NAREDCO. Real estate consultant Knight Frank and realtors' body NAREDCO on Friday released 'Real Estate Sentiment Index Q3 2024 (July-September 2024)', highlighting continued optimism in the realty sector. There was a marginal dip in the current sentiment score, which stands at 64, down from 65 in the April-June period. However, the future sentiment score improved to 67, up from 65 in the previous quarter, signalling rising confidence in the sector's growth over the next six months.

Subscribe to enjoy similar stories. Remember the Manhattan Project? That little undertaking that gave us the atomic bomb and changed the course of World War II? While Oppenheimer was busy getting the spotlight (and now a Christopher Nolan movie), hundreds of women scientists were quietly at work behind the scenes. These women worked as mathematicians, chemists and physicists on the project that ultimately led to the development of the atomic bomb.

Gaming and esports company NODWIN Gaming on Friday said it has acquired Trinity Gaming at a valuation of Rs 24 crore. Trinity Gaming serves as a Creator Service Provider (CSP) for Meta and gaming Multi-channel Network (MCN) for YouTube in India. It manages over 1,000 creators nationwide and has established partnerships with the likes of Samsung, Realme, iQOO, and Krafton. «The acquisition of 100 per cent of the share capital of Trinity will be a combination of secondary sale and stock swap of NODWIN Gaming shares for a total consideration of up to Rs 24 crore,» a company statement said. The consideration would be payable partly by way of cash consideration of up to Rs 4.8 crore and balance Rs 19.2 crore by way of swap of equity shares of NODWIN Gaming, it added.

Last winter, the peak had hit 5816 MW, the highest recorded in the national capital. During summer this year, peak electricity demand had touched an unprecedented 8,656 MW. The areas served by BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd, winter peaks are projected to exceed 2,600 MW and 1,240 MW, respectively. Last year, the peak hit 2,529 MW and 1,210 MW, respectively.

The ripple-effects of the slowed consumption was seen in India Inc's performance for the second quarter which clocked a revenue growth of 16-quarter-low. Moreover, India is due to report its Q2 GDP figures today, which may further push the Indian consumption story. According to a report by Marcellus Investment Managers, three key factors are contributing to this phenomenon: increasing automation in routine jobs, a cyclical economic downturn, and deteriorating household balance sheets.

Flexible workspace provider Incuspaze is in discussions to raise a $25 million pre-IPO round as it prepares for a public listing next year. The company had recently secured $8 million (about '67 crore) in funding. «Incuspaze plans to acquire another 2 million sq ft by investing '100 crore by the end of December 2025. On the back of growing demand for flex spaces, Incuspaze is focusing on the development of new centres across Delhi-NCR, Pune, Bengaluru and Hyderabad,» said a person aware of the development.