Country Financial News

Sony Group Corp is unlikely to extend the good faith negotiations with Zee Entertainment Enterprises Ltd. (ZEEL) — whose deadline was supposed to lapse on midnight of January 21, said people aware of the matter.

HUL) managing director Rohit Jawa said building beauty and digital capabilities is top priority and disproportionately important for the company's future in the country. HUL, market leader in the beauty market with brands such as Lakme and Ponds, will split its beauty and personal care division from April, with a new beauty head, and has also created a new role to push its digital agenda. «The beauty care market will grow exponentially and create way more value in the decades to come if its per capita consumption is anywhere near even Southeast Asia, forget China. So the primary motive for doing this is to create the focus and specialisation for different competitive sets.

Manesar and Greater Noida in the NCR and Maharashtra Industrial Development Corporation (MIDC) in Thane are among the costliest locations to acquire land for building a warehouse, with prices ranging from '15-30 crore per acre, compared to the average price of '2-5 crore per acre in other top markets in the country, according to CBRE. Supply and absorption of warehousing space reached a new high as the pandemic propelled demand for e-commerce and retail, while FMCG continued to perform well, the real estate consultancy said. Total leasing in 2023 stood at 38.8 million square feet across eight cities, CBRE said in a report. «As we envision the future of the industrial and logistics sectors, this robust growth is a testament to the sector's resilience despite global economic challenges,» said Anshuman Magazine, chairman and CEO, India, Southeast Asia, Middle East & Africa, CBRE. Total Industrial and Logistics (I&L) space supply hit a new peak of 36 million sq ft in 2023. The move towards more structured operational models in industries such as retail, FMCG, and manufacturing is spurring demand for efficient last-mile delivery solutions, leading warehousing firms to actively explore markets to meet this demand. During the year, I&L space leasing was predominantly steered by third-party logistics firms with a combined market share of about 45%. Within this sector, occupants from diverse industries such as ecommerce, retail, and manufacturing chose to outsource their supply chain operations to these firms. «Witnessing diverse occupancies in I&L leasing from 3PL, e-commerce, retail, and manufacturing sectors indicates streamlining supply chain operations.

BJP and its ideological fount RSS have prepared comprehensive plans to celebrate the historic occasion of Ram Temple consecration on Monday. To have a festive look across the country, BJP workers have been decorating cities with murals of Lord Ram on walls and placing saffron-coloured flags on top of houses.

Ram temple in Ayodhya is an uninhibited expression of India's eternal soul and start of a new cycle in the country's resurgence, President Droupadi Murmu said on Sunday as she complimented Prime Minister Narendra Modi ahead of the 'Pran Pratistha'. In a two-page letter to Prime Minister Modi, the president said that «as you prepare yourself to go for 'Pran Pratishtha' of Prabhu Shri Ram's 'murti' (idol) at the new temple built at his birthplace in Ayodhya, I can only contemplate the unique civilisational journey that will be accomplished with each step taken by you in the hallowed precincts».

electronics exports grew at a record 22.24% to cross the $20 billion mark in the first nine months of FY24, propelled by booming smartphone shipments, spearheaded by Apple's iPhone. According to industry body India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, comprising 52% of total electronics exports. In FY23, electronics exports stood at $23.6 billion, of which mobile phones comprised $11.1 billion or 43%. Industry data showed iPhones were the single largest contributor to the surge in both electronics and mobile exports this fiscal.

millennials and Gen Z in these two countries is once again driven by economics. Living with parents (LWP) reached an all-time high during the pandemic. But that merely gave LWP a 50% boost. 2021 US Census reports that 23 million (45%) 18-29-year-old Americans were living with parents.

As per a PwC study, around 175 arms of multinationals operating in India qualify for consideration under Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two regulations.

By Steve Gorman

(Reuters) -SolarEdge Technologies said on Sunday that it would lay off about 16% of its global workforce as it tries to reduce operating costs.

NEW DELHI : A delegation from the United Kingdom will arrive in India on 22 January to discuss remaining aspects of the free-trade agreement negotiations between the two countries, said two people aware of the matter. The fourteenth and concluding round of negotiations for a free-trade agreement between India and the UK began on 10 January in New Delhi. A majority of the issues in the proposed FTA between India and the UK are either finalised or at an advanced stage of talks, said one of the two persons mentioned above.

extraordinary event! Lord Rama will be formally invoked in the temple's main deity during the traditional Prana Pratishtha and will be landing to grace the entire world! Having been formally invited, THE SUPREME PONTIFF OF HINDUISM (SPH), BHAGAVAN SRI NITHYANANDA PARAMASHIVAM will be attending this grand event," the self-styled godman wrote on X. Nithyananda also shared elaborate plans on how his self-proclaimed country Kailasa plans to celebrate the ‘pran-pratishtha’ ceremony of the Ram Temple in Ayodhya.

“axis of resistance" and Israel and America engage in ever more dangerous strikes on each other, including assassinations. Iranian allies in Iraq and Syria have launched about 140 rocket and drone attacks against American troops since the start of the Gaza war. Perhaps the most severe came on January 20th, with a volley of “multiple ballistic missiles and rockets" fired at the Al Asad base in western Iraq, according to America’s Central Command.

DUBAI—The U.S., Egypt and Qatar are pushing Israel and Hamas to join a phased diplomatic process that would start with a release of hostages and, eventually, lead to a withdrawal of Israeli forces and an end to the war in Gaza, diplomats involved in mediating the talks said. Neither side in the conflict has agreed to the terms of the new proposal—which includes steps at odds with the stated positions of Israel and Hamas. Taher Al-Nono, a media adviser to Hamas, said there was no real progress, and Israeli officials didn’t respond to a request for comment.

₹2.67 lakh in a micro-factory to ₹3.16 crore in a mega factory. These regulations may be driving an irrational location of factories. Factories should ideally go where land prices are lower.

cases of COVID-19 sub-variant JN.1 have been recorded in the country so far with Maharashtra and Karnataka registering the highest number of cases of the variant, according to INSACOG on Sunday. Data compiled by the Indian SARS-CoV-2 Genomics Consortium (INSACOG) showed Maharashtra has recorded the highest number of JN.1 cases at 382 followed by Karnataka at 249.

Rahul Gandhi's Bharat Jodo Nyay Yatra, and the footage is now going viral on social media. According to a Congress party worker named Amock, when Rahul Gandhi's bus encountered BJP workers, Gandhi stepped off to meet them. «As Gandhi approached, they started running back from the yatra.

Nirmala Sitharaman on Sunday accused the DMK regime in Tamil Nadu of banning watching live telecast of Ram Mandir events in Ayodhya as the non-BJP states in South have not responded to demands for a public holiday on January 22. The DMK government was unofficially claiming law & order issues to justify ban on live telecast, Sitharaman alleged in a series of posts on social media platform X. The FM called it a 'false and fake narrative’ as there were no such issues on the day of the Ayodhya verdict.

Lok Sabha elections could be held in the first week of April in Telangana and Andhra Pradesh, Union Minister G Kishan Reddy here on Sunday said the BJP is gearing up for the polls and that Narendra Modi would become Prime Minister for the third time. Going by the schedule of the elections last time (in 2019), the polls could be held in AP and Telangana in the first week of April, Kishan Reddy, the Telangana BJP president said. «Under the leadership of Narendra Modi ji, we are (going to) polls for the third time, notification is going to come next month.

Ron DeSantis proved to be a capable campaigner and looked poised to defeat Donald Trump in New Hampshire and beyond, we would be facing a multitude of left-leaning essays on a single theme: «Why DeSantis is actually more dangerous than Trump.» In this world, the only threat to Trump in New Hampshire is Nikki Haley, and her candidacy doesn't look built to last much beyond that primary. But in the spirit of slipping in your controversial opinions while you can, and because she might yet be Trump's running mate, here is my own fear: A Haley presidency could be more dangerous than a second Trump term.

TMC and BJP in West Bengal will evaluate their political prowess on Monday, aligning with the Ram temple consecration in Ayodhya, with Mamata Banerjee slated to lead an «all-faith» rally seeking to project a counter-narrative to BJP's hindutva politics. The much-awaited Ram temple consecration will be held in Ayodhya on Monday, with Prime Minister Narendra Modi attending the rituals, following which the shrine will be opened for the public a day later. The TMC, which has accused the BJP of trying to politicise a religious event by attempting to put up a «gimmick show» ahead of the Lok Sabha polls, has announced to hold a mega all-faith harmony rally in the metropolis led by West Bengal Chief Minister and TMC supremo Mamata Banerjee.