Country Financial News

Co-living space COVIE, on Tuesday, announced a partnership with Ashray Developers for the 'Jaswanti Bliss, Off BKC' project. In this project, COVIE will lease Ashray's 94 2BHK units across two wings accommodating approximately 400 beds. Mumbai’s BKC region, celebrated for its robust infrastructural framework, has witnessed a surge in co-living and student housing demands. The collaboration aims to fulfil this escalating need, leveraging the regions strategic positioning amidst educational institutes and growing corporate entities. Abhishek Kumar, Co-founder at COVIE, said in a statement, «The evolving aspirations of young professionals lean towards shared living spaces.

Chakri Lokapriya, CIO & MD, TCG AMC, says “one of the big calls that we took was we do not hold HDFC Bank at all after many, many years simply because it is a great company, but the valuations are still kind of reflect some of the integration issues that the company has, which will continue to impact its margins for a good some time more to come. In general, we do not own banks as much, but we are making up for that through NBFCs.” What has been your market approach in the last two or three weeks? Lots of power stocks have corrected in the last few days. And individual stocks are down a good 10-20%. So I think in terms of financing of power through REC, Power Finance, through the power companies itself, like buying BHEL, Siemens, I think those will continue to do well because the long-term story is intact. It is just that in the short-term, there was a profit-taking bout. Since that story is intact, we have been buying.

Brookfield-led consortium's A$15.35 billion ($9.78 billion) takeover offer for Origin Energy Ltd, casting doubt on the future of the bid. Origin Energy's largest shareholder, the A$300 billion AustralianSuper, owns a 13.68% stake and said the offer was «substantially below» its estimate of long-term value for Australia's biggest energy retailer. Origin shares were down 0.4% in early trade on Tuesday at A$9.13 each, which was above the $A8.81 offer price. The deal requires 75% support from the votes cast at a shareholder meeting, meaning AustralianSuper's holding could be enough to scupper the bid if not all shareholders vote. The high-profile intervention into one of the biggest takeovers this year comes as Australia's A$2.4 trillion pension sector increasingly flexes its muscle at home and overseas thanks to its burgeoning size in financial markets. Brookfield-consortium's offer price of A$8.81 per share has been deemed fair by an independent expert's report, however, it outlined a «roll forward» calculation that says Origin's shares could be worth an additional 40 Australian cents by the time a potential takeover is due to occur. The Brookfield-led consortium has given no indications publicly it is considering upping the value of its bid ahead of a shareholder vote planned for 23 November. However, AustralianSuper is not alone in its reservations over the price. Fund manager Perpetual told media last month the deal undervalued the energy company.

Journalists confirmed that 31 journalists have been killed in the Israel-Hamas war since October 7, The Times of Israel reported. These 31 journalists included 26 Palestinian, 4 Israeli and 1 Lebanese journalist. Moreover, eight journalists were reported injured, whereas, nine were reported missing or detained, reported The Times of Israel.

Uorfi Javed has received death threats over an X post by her that went viral, reports said on October 31. The former Big Boss participant had posted a video of her donning a look inspired by Rajpal Yadav’s character in Bollywood movie 'Bhool Bhulaiyaa'. In the said movie, Rajpal's character was called Chhote Pandit. In the video, her face is painted red, she wore an orange dhoti and paired it with a sheer red top.

Santos may be forced to halt construction of its 262-kilometre underwater pipeline to its offshore $5.8 billion Barossa gas project if the Federal Court agrees to an injunction sought by local Indigenous groups.

Indian Railways has unveiled a plan to introduce 283 festival special trains for the Diwali and Chhath Puja celebrations, special Vande Bharat Express train from Delhi to Patna is scheduled to take 3-4 trips during Chhath Puja. As reported by The New Indian Express citing a railway official, “this will be the first time that Indian Railways will be exhibiting a high degree of obeisance to the Chhath deity, by running the special Vande Bharat train between Patna and New Delhi." Also Read: Indian Railways extends Rani Kamlapati-Jabalpur Vande Bharat Express till Rewa.

Nikhil Nagesh Bhat says he wanted his latest film 'Apurva' to be a cautionary tale for those who consider women «the weakest link» of society. To drive the message home, the writer-filmmaker said he conceived the Chambal-set story as a thriller as he believes the genre is consumed a lot by the audience. Starring Tara Sutaria in the title role, 'Apurva' is the story of an ordinary woman who faces extraordinary circumstances and will do anything to survive.

Armenia in South Caucasus is a hidden treasure with its world class wines, pristine valleys, breathtaking views that caters to a variety of tourists and lagro products that would be savoured globally. Not many are aware that the world’s first winery existed in Armenia 6,000 years back and in present-day Armenia it has been revived leading to a craze for tastier home-grown wine even as the locally produced Brandy remains popular in the region and beyond. Over the last decade and a half almost 200 local wine brands have entered the market making a market not only locally but in Russia, Europe and the USA. India is the next preferred target for the Armenian wine industry in the backdrop of emerging strategic partnership. Leading from the front is Armas and its dynamic CEO Victoria Aslanian – vineyards, Winery, Distillery, Hotel and Tasting room. “Wine existed in Armenia since antiquity and the industry has been revived successfully.

The government recently imposed Minimum Export Price for onions and procurement of additional 2 lakh tonnes of onion for buffer stocks. A buyer in Mumbai said, «The prices of onions have increased so much. The rate is Rs 80 per kg. It may go up to Rs 150.

China, warning the public that visibility could drop to less than 50 metres (164 feet). Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Heavy smog has engulfed the country's north for a few days while autumn temperatures soared to typical early summer levels close to 30 degrees Celsius (86 degrees Fahrenheit) in some areas. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. As air pollution levels in the wider Beijing-Tianjin-Hebei area and northern part of Henan province reached moderate to severe, pollution control experts said increased industrial activities, heavy trucking and crop fires had contributed to the haze, state media CCTV reported. Regional power consumption in late October was up 5% compared with first half of the month, more significantly in the cement, brick and tile industries, worsening conditions, CCTV said. Parts of Tianjin municipality and Hebei and Shandong provinces, as well as eastern areas of Jiangsu province saw heavy fog resulting in visibility of less than 1 km (0.62 mile) on Tuesday morning, the National Meteorological Center (NMC) said. Until Thursday, light to moderate haze will continue to cover the central and southern parts of China's northern region, with severe haze

TVS Motors: TVS Motor Company on 30 October announced its quarterly reports for September 2023 and said its net profit grew 32% at ₹537 crore for Q2 FY2023-24, as against ₹408 crore during Q2 of FY 2022-23. Apart from this, the firm's operating revenue increased by 13% at ₹8,145 crore in the September quarter of FY 2023-24, compared to ₹7,219 crore in Q2 of last year, it said in a stock regulatory filing. Marico: Marico Ltd on October 30 reported a consolidated net profit of ₹360 crore for the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 17.3% as compared to ₹307 crore reported in the year-ago period.

₹1,761.86 crore, according to NSE data. DIIs bought equities ₹1,328.47 crore net, the exchange data showed.World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.Global investors are looking forward to key reports on consumer confidence and the U.S.

Check all the LIVE updates here“Hamas is a part of the axis of evil Iran has formed, an axis of terror that works by arming, training and financing Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen and other terror proxies throughout the Middle East and beyond the Middle East," said Benjamin Netanyahu. Israel Prime Minister Benjamin Netanyahu said, “The horrors that Hamas perpetrated on October 7, remind us that we will not realize the promise of a better future unless we, the civilized world, are willing to fight the barbarians because the barbarians are willing to fight us...This is a turning point, a turning point for leaders and nations. It is time for all of us to decide if we are willing to fight for a future of hope and promise or surrender to tyranny and terror.

PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chairman, putting the big four accounting firm in the hands of a consulting partner for the first time.

The Blue Lock manga, known for its narrative and portrayal of the sports universe, has acquired its place among top-tier anime series since its release. Anticipation was in the air as enthusiasts eagerly awaited the release of the manga's chapter 239. However, much to their dismay, this much-anticipated chapter encountered an unexpected delay. Such hiccups in the world of manga, while rare, can generate a whirlwind of emotions among its dedicated followers.

If you’re a woman advisor looking to support other women, Sharon Hayut says the Women Advisor Summit is the event you’ll want to attend.

King Charles III wants to look to the future when his four-day state visit to Kenya starts on Tuesday

California Gov. Gavin Newsom’s trip to China, with the stated goal of working together to fight climate change, resulted in a surprise meeting with leader Xi Jinping and was filled with warm words and friendliness not seen in years in the China-U.S. re...

Drugstore employees around the country have started calling in sick to highlight a lack of support from their employers

Tentative pacts were made with Stellantis and Ford.