Parke Financial News

By Byron Kaye

₹20,773.70 crore, with central financial assistance at 40% of the project cost i.e. ₹8,309.48 crore.

Porsche Cayman 718 sports car after it went missing from a hotel's parking lot. The owner of the sportscar informed the security guards after he found that car missing from the parking lot, who reviewed the CCTV footage captured at the scene.

₹500 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Akhil Mittal, Senior Fund Manager- Fixed Income, Tata Asset Management, says longer term, these elevated interest rates are worth buying today because globally we will not see these interest rates two, three or five years down the line. So it makes sense to buy interest rates right now, especially if you talk about the US. From 2008 till 2020, we saw those zero interest rates and tons of tons of money printed post the Global Financial Crisis. Investing in the US bonds for the purpose of diversification can sound like a very interesting idea. Can you explain the entire trajectory of the US bonds looking at the interest rate scenario. Do you think it is a good time to lock your money in these kinds of investment avenues? Broadly on the interest rate trajectory side, worldwide, from 2022 onwards, central banks have been pushing rates higher.

HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person. The London-based bank originally provided a £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings.

The jury in a British Columbia Supreme Court murder trial has been told that an expert witness didn’t finish her testimony because she is dead.

Tech giant Google Inc has picked up office space spread over an entire floor in Blackstone Group-owned Nucleus Office Parks' commercial tower Fintech One at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar to set up its global fintech centre. The company's Indian arm, Google India, has picked up office space from Nucleus Office Parks through a long-term lease of 10 years, including an initial term of five years and an option to extend it for five additional years. In a virtual interaction on Monday, Prime Minister Narendra Modi welcomed Google's plans to open its global fintech operations centre at GIFT City. Sundar Pichai, CEO of Google and Alphabet, apprised Modi of Google's plans to work on strengthening financial inclusion in India by leveraging UPI. Pichai, through a social media post, thanked the Prime Minister Modi for a «terrific» meeting to discuss Google's ongoing commitment to India. ET's separate email queries to Google, Blackstone and Nucleus Office Parks remained unanswered until the time of going to press. Fintech One is a 20-storey commercial office tower with a typical floor plate spanning over 22,000 sq ft.

Greta Thunberg has been detained by British police alongside other climate activists who gathered outside a central London hotel to disrupt a major oil and gas industry conference

The Wisconsin state Assembly is set to approve a plan to spend more than half a billion dollars to help cover repairs at the Milwaukee Brewers' stadium

real estate services and investment major ESR Group is planning to develop a large logistics park spread over 1.4 million sq ft in Nagpur and has acquired 58 acres of land for the same. The Hong Kong Stock Exchange-listed company will be investing over Rs 400 crores for the construction and development of the warehousing hub, ESR Nagpur Logistics Park 2, which will be its second logistics park in Nagpur and its twentieth park in India. The park is being designed to accommodate 10 buildings, with each building size ranging from 67,000 sq ft to 190,000 sq ft to meet a broad spectrum of tenant needs ranging from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG). “ESR’s investment in this new grade A asset builds upon the robust response to our first logistics park in Nagpur. Our flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having attracted high-profile tenants from retail and e-commerce domains… Our work is focussed on driving long-term sustainable growth of the economy and uplifting local communities,” said Abhijit Malkani, CEO, ESR India. According to him, the company is looking to harness Nagpur’s strategic advantages and support the burgeoning demand for new economy spaces with this second logistics park in the city.

Assam Police, the National Investigation Agency (NIA) arrested Md. Noor Hussain from Silchar, Cachar District, Assam in a case related to a bomb blast at Kwakta, Bishnupur District, Manipur in a vehicle. The case was initially registered by Manipur Police, vide FIR no.

The Indianapolis Motor Speedway Museum just got $20 million to build a high-tech classroom for visiting students. The source: weight-loss drug wealth. Two nonprofit foundations are large shareholders of Eli Lilly and Novo Nordisk, the companies selling the drugs Ozempic, Wegovy and Mounjaro popularly used to reduce weight.

The rising cost of fun is becoming a drag. Ticket prices for live entertainment events, from Taylor Swift concerts to National Football League games and high-season Disney theme-park visits, rose at a startling rate this year, triggering a phenomenon that analysts have dubbed “funflation." Families coughed up large sums saved during the pandemic to attend live events and parks this year. Friends treated themselves to memorable performances.

When comparing commercial and residential properties, it’s evident that commercial real estate often comes with a higher price tag. This article delves into the reasons behind this cost difference from a personal finance perspective.

Ways of Being. By James Bridle. Farrar, Straus and Giroux; 384 pages; $30.

Embattled A-League club Perth Glory will be run by Melbourne property developer Robert Brij and entrepreneur John Nekic, in a multimillion-dollar deal that will attempt to make the West Australian team financially viable.

A for-sale sign is up at one of Australia’s last remaining car parts manufacturers, Ballarat-based Bendix Brakes, which is half-owned by German engineering juggernaut Bosch.

(Reuters) — In 1923, Walt Disney (NYSE:DIS) left his failing animation company called Laugh-O-gram Films and used his last $40 to buy a train ticket to join his brother, Roy, in Los Angeles, where they began making animated films out of their uncle's garage. The company they founded would become one of the most influential media and entertainment brands in history.

Governors receive many gifts

By Ju-min Park