Country Financial News

11.09 / 10:23
Target Platform country social rights Joe Biden says he raised 'human rights, free press’ issues with PM Modi, Congress takes dig
US President Biden is significant because, when PM Modi was on his maiden state visit to the United States in June this year, several human rights organisations had flagged the curbing of press freedom in India and had urged President Biden to talk about the same. In US, PM Modi and President Biden had conducted a rather rare press conference, Modi answered a questions from an US journalist about the Bhartiya Janta Party (BJP)-led National Democratic Alliance (NDA) government’s record in treatment of minorities.
11.09 / 10:21
UPS IPO Platform band country blues SAMHI Hotels sets Rs 119-126 price band for its Rs 1,370 crore-IPO
SAMHI Hotels has fixed a price band of Rs 119-126 per equity share for its maiden public offer, which opens for subscription on September 14. The issue, which closes on September 18, comprises fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) of up to 1.35 crore equity shares. Under the OFS, Blue Chandra Pte will offload 84.2 lakh shares, Goldman Sachs to sell up to 49.31 lakh equity shares and GTI Capital Alpha will give up 1.4 lakh shares. The offer is being made through the book-building process where 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Investors can bid for a minimum of 119 equity shares and in multiples thereafter. Ahead of the IPO launch, Blue Chandra Pte sold 10.32 million shares or 8.4% stake to renowned investor Madhusudan Kela's wife, Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, who have picked up a stake in Gurugram-based SAMHI Hotels for a total consideration of Rs 130 crore. SAMHI Hotels is a prominent hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in the country as of February, 2023. The company acquires or builds primary hotels and thereafter renovates, and rebrands the properties under its wings.
11.09 / 10:19
UPS Target country boost Sugar stocks rise sharply, get a boost from the launch of Global Biofuel Alliance by PM Modi at G20 Summit
Ugar Sugar Works Ltd, which was down nearly 3%, others sugar stock traded in green. Uttam Sugar Mills Ltd, Mawana Sugars Ltd, Bajaj Hindusthan Sugar, Avadh Sugar & Energy Ltd, and K M Sugars Mills Ltd gained 1% to 2%, while Dalmia Bharat Sugar & Industries Ltd, Sakthi Sugars Ltd, Balrampur Chini Mills Ltd, and Triveni Engineering & Industries Ltd rose over 2.5% to 6%. Dalmia Bharat Sugar share price, Sakthi Sugars share price, Avadh Sugar share price, Triveni Engineering share price, and Mawana Sugars share price touched new 52-week high in today's session.
11.09 / 10:17
country Latin Russia-Ukraine war “making humanity tired”, says Brazilian president
Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.
11.09 / 10:13
country German economy sinking in recession in 2023, predicts European Commission
Russia-Ukraine crisis, German economy is expected to contract in 2023, predicted European Commission on Monday. The recent cut in forecast has come at a time when Euro's biggest economy is facing high inflation and the spill over effect of Russia-Ukraine war. Now, Germany's GDP is predicted to shrink by 0.4% in 2023 against 0.2% projected previously.
11.09 / 10:13
COST UPS Reuters Browser country social Britain's Vistry to focus solely on building affordable homes
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11.09 / 10:13
COST UPS Platform country social controversy We can always give second name to our coalition INDIA but..: Rahul Gandhi on Bharat name controversy
Rahul Gandhi has hit out at the BJP during an interaction with students and academics in Paris, saying that the governing party is out to get power at any cost. When asked about the debate around the name of the country, Gandhi noted that both India and Bharat are documented in the Constitution and therefore, the government was acting in “strange ways" because they are “irritated" with the name of the Opposition’s Indian National Developmental Inclusive Alliance (I.N.D.I.A.). "There is something deeper that is going on, which is that people who want to change the name of anything are basically trying to deny history.
11.09 / 10:10
country blast Pakistan blast: Bombing in Peshawar kills one, several others wounded; Pakistani Taliban claims responsibility
Afghan Taliban, who took over Afghanistan in August 2021, following the withdrawal of U.S. and NATO forces from the country.
11.09 / 10:09
UPS ETF Compilation Strategy track country Latin What to watch in EMs even as China flounders
Traders in the $325 billion industry for emerging-market exchange-traded funds are shifting cash toward strategies that focus on brighter spots in the developing world as China’s economy stumbles.
11.09 / 10:07
UPS MET Cooper Man Waters country Ajit Doval is the man behind India's answer to China's Belt and Road Initiative
G20 Summit in Delhi was the committment to build a rail-and-port network that will connect India to the Middle-East and the Middle-East to Europe and the US. It has been named the India-Middle East-Europe Economic Corridor (IMEC).
11.09 / 10:06
Citi Progressive CEO country New supply of retail space in shopping malls to rise 43 pc by 2027 in top 7 cities: JLL India
JLL India. Real estate consultant JLL India on Monday released its report 'India Retail: Evolving to a new dawn' that highlighted the operational retail real estate space in shopping malls stood at 89 million square feet. The operational retail stock as of H1 2023 in the top seven cities (Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) stands at 89 million square feet as of June-end this year. Out of the total retail stocks in malls, Delhi NCR has the maximum 28 million square feet, followed by Mumbai with 17 million square feet and Bengaluru 14 million square feet. «The physical retail space segment has an expected supply pipeline of over 38 million sq ft of retail developments between H2 2023 and 2027, across the top seven cities,» JLL said.
11.09 / 10:05
Citizens BABA DAL country PM Modi's exit is certain in next election, claims RJD's Lalu
Rashtriya Janata Dal (RJD) supremo Lalu Prasad on Monday hit out at Prime Minister Narendra Modi alleging he has once again resorted to deceiving people ahead of the elections and asserted that his exit is certain. He also questioned what benefit the common people of India will get from the G20 summit. The veteran politician after paying obeisance at the famed Baba Baidyanath Dham temple in Jharkhand's Deoghar district while talking to media persons expressed concern over present affairs in the country. Lalu Prasad said, «The situation in the country is not good.
11.09 / 10:00
UPS Aviat Parke stage country Looking at further easing FDI norms in space sector: DPIIT secretary Rajesh Kumar Singh
space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. «There is tremendous scope for collaboration… such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and foreign investment in our space sector,» Singh said at the India-Saudi Arabia investment forum meet here. Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only. He added that several Saudi Arabian companies have invested in Indian wind and solar energy sectors. «We look forward for collaboratively working with you,» he said, adding there is also tremendous scope for collaboration between Saudi Arabian military industry and make in India campaign, which can enable «us to work» on joint collaboration on defence projects of mutual interest. The secretary sought investments in areas such as bulk drug parks and food processing sector. As India is the home of several agro-tech startups, huge potential is there to increase collaboration, he added. On trade front, he said that the bilateral trade between the two countries has reached USD 52.8 billion in 2022-23.
11.09 / 09:55
Cooper show country G20's New Delhi summit declaration sent a 'positive signal' to tackle global challenges: China
China on Monday said the G20 New Delhi Leaders' Declaration has sent a «positive signal» that the member countries of the influential grouping are joining hands in tackling global challenges and economic recovery.
11.09 / 09:48
Target CEO Align Enterprise FLEX Southern country Awfis expands its footprint in South India with 11 new properties
Awfis Space solution has added 11 new properties totaling 8,000 seats across major markets in South India as it looks to strengthen its foothold in the growing flexible and managed office space in the country. The firm has signed prime properties across Bengaluru, Hyderabad, Chennai, and Kochi with the region contributing around around 45% of the company's portfolio. Amit Ramani, CEO and Founder, Awfis, said, «The region presents numerous opportunities through its expanding real estate landscape. This expansion aligns with our strategic approach to target emerging business hubs, offering an enhanced workspace experience through our diverse range of products and services.
11.09 / 09:37
Blockchain Landmark Tether Strategy Align Bitcoin country banking system Breaking: Bitcoin Enters Banking System, El Salvador's Cuscatlan and Agricola Accept it for Loans
El Salvador may be the most enthusiastic country to adopt Bitcoin. In addition to declaring it legal tender and investing in Bitcoin mining, the country now allows Bitcoin to serve as collateral for mortgages.
11.09 / 09:32
Provident country France pledges 5 mn euros to Morocco aid efforts
Morocco after a devastating earthquake there. The money will go to aid organisations already active in the disaster zone, Foreign Minister Catherine Colonna told the BFM broadcaster. Colonna brushed off questions about the absence of any official Moroccan request for aid from France. Morocco is «sovereign» and «alone entitled to determine what its needs are», she said. Relations between France and Morocco are strained, notably because of French President Emmanuel Macron's efforts to forge closer ties with Algeria, Morocco's neighbour. A planned visit by Macron to Morocco has still to be confirmed, and Morocco's ambassador post in France has been empty for months. Asked why Morocco had accepted official aid from Spain and the United Kingdom among others, but not France, Colonna said «this debate is inappropriate». «People are suffering.
11.09 / 08:40
UPS Cooper Progressive Extreme Action country trudeau Trudeau in India, Khalistani separatists hold 'referendum' in Canada
Trudeau was in India for the G20 Leaders' summit on Sunday, Khalistani secessionists held a so-called ‘Referendum’ in Surrey, British Columbia. Designated terrorist Gurpatwant Singh Pannun, the founder of the banned Sikhs for Justice (SFJ), was present at the gathering of the Khalistani separatists held at the Guru Nanak Singh Gurudwara in Surrey, Vancouver. In a provocative speech, Pannun used intimidating language against Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and other leaders. He claimed that the separatists were challenging the territorial integrity of India. Prime Minister Modi had on Sunday raised “strong concerns” about the continuous “anti-India activities” by extremist elements in Canada in his pull-aside meeting with Canadian PM Justin Trudeau. Prime Minister Modi stated that it was essential for the two countries to cooperate in dealing with such threats. “The Prime Minister conveyed our strong concerns about continuing anti-India activities of extremist elements in Canada.
11.09 / 08:25
UPS Provident country star social Indian Exercise Bright Star-23 moves on to its culmination phase: Indian Air Force
Indian Air Force on Monday highlighted that the Exercise Bright Star-23 has moved to its last phase. The last phase will involve assets of all participating forces and followed a build up to more complex joint missions. Taking to their social media 'X', the Indian Air Force stated, «Exercise #BrightStar 23 moves on to its culmination phase. The last phase follows a build up to more complex joint missions and will involve assets of all participating forces.
11.09 / 08:09
UPS Target Manufacturing CEO show country Solar TP Solar raises $425 mn for 4.3 GW Solar cell and module manufacturing plant in TN
Tata Power Renewable Energy Limited (TPREL), has raised $425 million in financing from the U.S. International Development Finance Corporation’s (DFC) Board of Directors for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. TPREL is a subsidiary of The Tata Power Company Limited, an integrated power company.
11.09 / 08:09
COST FIVE BTS Samsung country Fried Robot fried chicken: An entrepreneur is revolutionising Sourth Korea's favourite food
It holds a special place in South Korean culture, consumed at various occasions, from intimate family gatherings to extravagant «mukbang» sessions watched by millions, including K-pop sensation Jungkook from the renowned group BTS. Paired with chilled lager, this combination, affectionately known as «chimaek» (a fusion of the Korean words for chicken and beer), is an essential part of the Seoul experience, particularly during baseball games. South Korea boasts the world's third-largest domestic fried chicken market, trailing only behind the United States and China, with a staggering worth of approximately seven trillion won ($5.3 billion).

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