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Crompton Greaves, listed as CG Power and Industrial Solutions, has entered into an agreement with realty developer K Raheja Corp to jointly develop its headquarter CG House spread over more than an acre in Mumbai’s plush Worli locality. The headquarter of the company, which is engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & rail Transportation, is built on leasehold land. As per the term sheet signed by both the companies, the developer will be granted rights to develop the land parcel by demolishing the existing structure and thereafter constructing thereon one or more buildings. The exact development potential will be elaborated under the development agreement based on the regulatory guidelines. The development agreement is expected to be signed within 45 days of the execution of the term sheet or such extended period as may be agreed, CG Power and Industrial Solutions said in a regulatory filing. CG Power and Industrial Solutions and the developer will be entitled to 50% share of the leasehold right and the developed building.

stocks that have given multibagger returns of upto 412% in 2023 so far, saw retail investors increase their holdings for three consecutive quarters. These 12 stocks are Anand Rathi Wealth, Control Print, Gravita India, IRCON International, Jupiter Wagons, KDDL Ltd, Kilburn Engineering, KSolves India, Saksoft, Shilchar Technologies, Sky Gold, and Som Distilleries Breweries. Stocks in the smallcap segment have had a dream run this year, backed by the relentless buying, particularly by retail investors.

Pramod Gubbi, Founder, Marcellus Investment Managers, says “I expect significant flows to come into India largely through India-dedicated funds. Maybe on the other side of elections perhaps because that is the only bit of uncertainty, maybe the last week's state elections has ironed out that uncertainty a little bit. Allocators would like to see some political stability. So, maybe the big ramp up might come on the other side of the election, but we have already seen the beginnings of those starting with last week's flows. ” We are trying to map the factors which are at play; the sudden change of stance from the Fed last evening has triggered a big global risk-on moment. India is also participating. Is it really something which the market is surprised about or was it largely in the direction the market was expecting? Three rate cut possibilities are now on the table starting mid-next year. I reckon it is not a total surprise. Pretty much at the beginning of April of this year, the best indication has been either the dollar index or FII flows into India as well. We have bottomed out in terms of FII outflows sometime in March 2023. And I think it was the 25th March 2023 Fed meeting which triggered that. In sum, the market started factoring in that we are close to the peak of the interest rate cycle, if not foreseeing some cuts. That has been at play for quite some time.

A Mississippi grand jury has declined to bring charges against a police officer who responded to a call and shot and wounded an unarmed 11-year-old boy inside the home

₹70.5 trillion of wealth in the Indian stock market. Interestingly, these 100 wealth creators generated wealth at 21% CAGR. The pace was way higher than the BSE Sensex return of 12%.

A federal agency says a chemical leak that killed six workers at a Georgia poultry plant in 2021 could have been prevented

The Biden administration is initiating a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic black smoke following a fiery train derailment earlier this year in eastern Ohio

The painful economic steps that Argentina’s new president, Javier Milei, announced this week sound draconian: Slashing the currency’s value in half

The climate negotiations that just finished in Dubai hit upon the essence of compromise, finding common language that everyone accepted, at times grudgingly

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation.

Canada’s housing market cooled further in November as sellers joined buyers on the sidelines, hoping for activity to heat back up in the spring, according to the national real estate association.

Modern Warfare 3 Season 1 Reloaded is scheduled to kick off on January 17, 2024. The initiation coincides with the 'Classified' Sector reveal in the ongoing Season 1 Battle Pass. Players will have a window of opportunity to explore the Reloaded patch before the advent of season 2.

Parliament security breach incident, was arrested on Thursday evening, police sources said. According to them, Jha was arrested from the national capital. In a major security breach on the anniversary of the 2001 Parliament terror attack on Wednesday, two men — Sagar Sharma and Manoranjan D — jumped into the Lok Sabha chamber from the public gallery during Zero Hour, released yellow smoke from canisters and shouted slogans before being overpowered by MPs. Around the same time, two others, including a woman, raised slogans and released yellow smoke from canisters outside the Parliament premises, prompting police to round up the duo. According to police, the Parliament security breach was well-coordinated, meticulously planned and carried out by six people, all of whom are now in police custody. While Sagar, Manoranjan, Amol and Neelam were nabbed from incident spot, their accomplice Vishal, in whose house they stayed before reaching Parliament, was detained from Gurugram. «Jha was arrested from New Delhi,» a police source said on Thursday. Neighbors of Lalit Jha, the alleged mastermind in the Parliament security breach, were surprised to see his images on news channels, recalling him as a reserved individual who seldom engaged with the community at Burrabazar in Kolkata. Papun Shaw, a tea stall owner at Rabindra Sarani in the Burrabazar area, the business district of the city, identified Jha as a 'teacher' who disappeared two years ago. Shaw said, «He was known as a teacher, used to teach local students. A few years back, he came to the area and was living alone.

The Federal Reserve has kept interest rates in the 5.25% to 5.5% range — a 22-year high — but most officials penciled in three rate cuts in 2024 in projections released Wednesday after their two-day meeting.

After clashing in recent years, Wall Street traders and the Federal Reserve are – for once – broadly in sync: The great monetary pivot is near as central bankers engineer a once-unthinkable soft landing in the world’s largest economy.

Sage Advisory Services, a $23 billion investment manager based in Austin, Texas, has secured an injection of capital to assist its continued exponential growth.

insurance behemoth Life Insurance Corporation (LIC) of India, whose famous tagline in ads ‘jeevan ke saath bhi; jeevan ke baad bhi, has influenced generations to buy a policy. Many of its polices continue to be popular, be it Jeevan Umang or Saral Pension, for its multiple benefits—so much so that many people look forward to its new launches. And with LIC Jeevan Utsav’s launch on 29 November, the insurer created a buzz in investment circles.

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.

NEW DELHI : The government may extend a scheme aimed at strengthening India’s power distribution infrastructure beyond its intended five-year duration as it seeks to connect more households, especially in rural areas, to the electricity grid. The Revamped Distribution Sector Scheme (RDSS), which has an outlay of ₹3 trillion for financial years 2021-22 to 2025-26, may now be extended beyond the five-year period to support increasing demand for electrification, two people aware of the matter said. “RDSS may continue for another five years.

NEW DELHI : Goods and services procurement through the government e-market (GeM) portal is poised to reach ₹3.5 trillion by the end of this fiscal year, driven by heightened buying activities across ministries and government departments, a senior official said. In FY23, the procurement value stood at ₹2 trillion, surpassing the ₹1.06 trillion in the previous financial year. In FY24, it is estimated to cross ₹3.5 trillion, GeM chief executive P.K.

It's arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the Nasdaq-100.