Ft Financial News

16.08 / 19:17

Everest Ft NOT EY is not pursuing a transaction with TPG Capital: FT

EY has dismissed a proposal from TPG Capital in which the private equity firm expressed an interest in acquiring a stake in EY’s consulting arm, according to The Financial Times.

15.08 / 08:43

Citi Align Parke BTS social Leases Ft Tata Trent leases 1,13,000 sq ft warehousing space in Vapi, Gujarat from Arete Group

Tata Trent has leased 1.13 lakh sq ft of warehousing space at Galaxy Hubco, a warehousing project in Talwada, near Vapi, Gujarat by Arete Group, a business conglomerate based in Gujarat. Situated with convenient access to NH-48, the facility ensures seamless connectivity for logistics operations. With ample clear eaves height, businesses can efficiently utilize vertical storage.

14.08 / 20:45

UPS Racing Software NVIDIA Ft Saudi, UAE snap up 'thousands' of Nvidia chips as AI race heats up: FT

Investing.com — Nvidia's graphics processing units are in high demand as Saudi Arabia and the United Arab Emirates snapped up thousands of its chips to build artificial intelligence software, the Financial Times reported Monday, citing unnamed sources.

12.08 / 08:19

UPS Citi Platform Parke show country Ft Warehousing supply across India’s key cities to touch 516 million sq ft by 2026

e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.

06.08 / 19:23

UPS FIVE Platform Parke Deloitte Ft Mumbai HDFC Bank picks up 1 lakh sq ft in Blackstone's Mumbai Towers on a 5-yr lease

HDFC Bank picked up about 1 lakh sq ft office space spread across two towers of Blackstone Group backed Nucleus Office Parks' commercial complex One International Center in Mumbai's business district Lower Parel through a long-term lease of five years, said persons with direct knowledge of the development. The deal is the first real estate transaction by the bank following after its merger with the group's non-banking finance company Housing Development Finance Corporation (HDFC), indicating the need for additional space for expanded operations. «The new office will be used for consolidation and expansion of the bank's operations including financial services and credit cards.

03.08 / 06:47

UPS Manufacturing CEO Parke Tesla country Leases Ft Tesla leases 5,850 sq ft office space in Pune amidst rising scrutiny of Chinese EV makers

Tesla headed by Elon Musk, is on its way to India and has been making significant strides toward establishing a manufacturing facility. Following a meeting between Prime Minister Narendra Modi and the Tesla CEO during Modi's recent visit to the US, the EV maker has gone ahead with its plans for the manufacturing facility by signing a five-year lease for a 5,850 sq ft office space in Pune.

02.08 / 13:55

Provident CEO Remark FLEX stage Leases Ft Flexible workspace provider Etherea leases 2.2 lakh sq ft with Bhutani

Etherea, a leading flexible workspace provider, has leased 2.2 lakh sq ft of office space across two buildings owned by real estate developer Bhutani, according to two individuals familiar with the matter. «More than 50% of our commercial space is taken by flex space providers, suggesting demand is increasing. Corporate clients are also preferring coworking centres post covid,» said Ashish Bhutani, CEO, Bhutani Group.

01.08 / 13:35

Ethereum SEC CEO Platform Action coinbase Bitcoin reports Ft SEC Required Coinbase to Trade Only Bitcoin, Exclude Ethereum and All Other Cryptos, Reports FT

On July 31, a report by the Financial Times reported that the U.S. Securities and Exchange Commission (SEC) had requested Coinbase to cease all cryptocurrency trading, including Ethereum, with Bitcoin being the only exception, before taking legal action against the company.

31.07 / 12:27

Digital SEC CEO coinbase Bitcoin Ft Coinbase CEO: SEC asked for trading halt in everything except Bitcoin - FT

Investing.com -- The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times.

31.07 / 04:49

SEC Platform coinbase Bitcoin Ft SEC asked Coinbase to stop trading in cryptocurrencies other than bitcoin prior to suing - FT

(Reuters) — The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (NASDAQ:COIN) to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.

24.07 / 19:29

UPS country Rentals Ft Khan Market rentals breach pre-Covid levels, hit record Rs 1.5k/sq ft a month

Delhi's Khan Market — the country's most expensive retail real estate — have breached the pre-pandemic levels for the first time to hit a record high of Rs 1,500 per square feet per month. This is almost double than the costliest retail location of Mumbai and about four times that of Bengaluru, industry executives said.

24.07 / 12:47

Fighting Remark Adidas rapper Ft Adidas sees stronger-than-expected demand for unsold Yeezy shoes - FT

Investing.com — Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of the German sportswear group's unsold «Yeezy» shoes topped its «most optimistic forecast.»

24.07 / 10:15

UPS Citi Provident Enterprise Metro country Ft Managed offices provider DevX sets up 1.80-lakh-sq-ft coworking center in Ahmedabad

DevX has set up a coworking center spread over 1.80 lakh sq ft on Sindhu Bhavan Road in Ahmedabad. This hub, the managed office space provider’s fourth facility in Ahmedabad, has over 3,000 seats and is the largest coworking space in Gujarat.

17.07 / 11:47

Microsoft Browser European Commission Ft Microsoft faces EU investigation into Teams, Office bundling - FT

Investing.com — EU antitrust authorities will open an investigation next week into whether Microsoft (NASDAQ:MSFT) is unfairly bundling its Teams video conferencing app with its Office service, according to a Financial Times report on Monday.

16.07 / 05:31

PwC UBS Takeover Ft UBS to retain EY as auditor after Credit Suisse takeover- FT

(Reuters) — UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse's accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision.

12.07 / 11:41

IPO SoftBank NVIDIA Ft Arm in talks to bring in Nvidia as anchor investor ahead of planned IPO - FT

Investing.com -- U.K.-based chip designer Arm is reportedly in negotiations to bring in Nvidia (NASDAQ:NVDA) as an anchor investor in its planned initial public offering, according to unnamed sources cited by the Financial Times.

12.07 / 11:05

Man Waters Racing Pool DiRT Ft Gigantic 100 ft sinkhole which swallowed sleeping man in 2013 reopens in Florida

Hillsborough County officials said that they received a call at around 4:30 p.m. about the sinkhole reopening and fire crews, along with deputies, were called out to the site. The hole is located on a county conservation property at 240 Faithway Drive in Seffner.

06.07 / 08:41

Citi Manufacturing Parke Ft Industrial & warehousing sector recorded space absorption of 22.4 mn sq ft in H1 2023: Savills India

The industrial and warehousing sector recorded a total absorption of 22.4 million sq ft in H1 2023, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022, according to a Savills India report.

05.07 / 04:13

Citi IPO CEO Platform Align Enterprise Hero Ft Financial Hero Realty to launch real estate projects spanning 4 million sq ft this financial year

Hero Realty Pvt Ltd plans to launch real estate projects spanning around 4 million square feet in this financial year, with an estimated revenue potential of Rs 3,500 crore, said its CEO Dharmesh Shah. The company, backed by Sunil Kant Munjal's Hero Enterprise, is also considering an initial public offering (IPO) in the next three-four years, Shah told ET. With a focus on residential development, Hero Realty aims to invest Rs 1,000-1,200 crore in this fiscal, he said.

02.07 / 20:07

Reuters JPMorgan Platform Ft Barclays seeks to stop being corporate banker to Odey Asset Management - FT

(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey.

30.06 / 09:35

UPS Provident Strategy Enterprise Ft place Avanta India adds 10,000 sq ft co-working space at its Nehru Place premises

Avanta India, India’s leading co-working space provider, is on an expansion spree. It has acquired a new space spread across a 10,000 sq. ft area at its Nehru Place premises due to an increase in demand.

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