Strategy Financial News

Shibarium, the Layer 2 blockchain developed by the creators of memecoin Shiba Inu, is finally resuming token withdrawals via the bridge – a tool that transfers tokens across different networks.

Here is your Pro Recap of the biggest analyst picks and cuts you may have missed today: upgrades at Forward Air, Zimmer Biomet, and UGI, and downgrades at CrowdStrike and L3Harris Technologies.

Morgan Stanley Real Estate Investing (MSREI) has partnered with industrial and logistics real estate developer Prakhhyat Group to develop a warehousing project spread over 7 lakh sq ft in Bhiwandi near Mumbai. MSREI has invested around Rs 350 crore to acquire majority equity stake in the project One K-Square will be developed in the Mumbai-based warehousing major’s existing facility K Square Logistics Park. In September 2021, it closed a $3.1 billion real estate fund and has been investing across assets from that pool. It has so far invested in over 5.6 million sq ft of logistics assets across India’s key warehousing hubs. “Industrial and Logistics as an asset class is a high-conviction theme across our investment strategy and we are partnering with Prakhhyat Group to develop a top-class warehousing park in one of the strongest logistics clusters in the country,” said Anand Iyer, Vice President, MSREI India. This alliance marks MSREI’s entry in the Bhiwandi sub-market of Mumbai Metropolitan Region (MMR). “Our experience in this market has helped us establish a solid track record in the logistics space.

₹1.5 lakh crore over the next five years towards its transformative initiative, 'Project Aspire'. During the 70th annual general meeting, BPCL chairman G Krishnakumar emphasized the company's commitment to growth, sustainability, and a net-zero future. "As an oil major, we recognize the immense responsibility that comes with our role in powering economies and making India Aatmanirbhar in the domain of energy by year 2047…We also recognize the need for a global effort to reduce global warming and the nation’s objective of achieving net-zero emissions by 2070.

₹1.5 lakh crore over the next five years towards its transformative initiative, 'Project Aspire'. During the 70th annual general meeting, BPCL chairman G Krishnakumar emphasized the company's commitment to growth, sustainability, and a net-zero future. "As an oil major, we recognize the immense responsibility that comes with our role in powering economies and making India Aatmanirbhar in the domain of energy by year 2047…We also recognize the need for a global effort to reduce global warming and the nation’s objective of achieving net-zero emissions by 2070.

Man Infraconstruction’s (MICL) associate company Royal Netra Constructions has entered into an agreement to undertake one of the largest redevelopments with a total 1.7 million sq ft carpet area for sale in Mumbai’s western suburb Goregaon. MICL Group that holds 33.32% stake in Royal Netra Constructions expects the project spread over 10 acres to generate revenue worth around Rs 4,000 crore over the next five years, the company said in a regulatory filing. “The latest addition of the project will expand MICL Group’s real estate portfolio from 4.6 million sq ft to 6.3 million sq ft of carpet area. The project having total construction area of over 50 lakh sq ft is likely to be undertaken by Man Infraconstruction and is expected to be completed within 5 to 6 years,” said Manan P.

Team Global Express has appointed UBS in a broad-ranging advisory role – include defence strategies and canvassing preliminary inbound interest – two weeks after Street Talk first reported it was asking investment banks to pitch for the job after catching the attention of cashed-up overseas buyers.

Maggie Beer Holdings’ new chief executive says the gourmet food producer will be able to withstand lower consumer spending after posting a drop in sales and cutting the value of its gifts and hampers business.

TVS Motor has undergone a transformative journey. This ability to understand and solve customer needs in markets globally and deliver satisfactory products, has emboldened the company to chart a bold new path. With a remarkable ability to weather economic fluctuations, TVS Motor has forged a reputation for resilience.

MBA, is considered to be a gateway for jobs across multiple business functions and in some cases, for the creation of innovative entrepreneurship ideas. While many colleges are offering MBA programmes today, questions are being asked about the kind of jobs that would be available after doing such a course, especially given that the funding winter has impacted startups and the broader macroeconomic conditions are looking dull. Part of the question stems from the curriculum. Does the MBA curriculum arm students with the right skills for today’s work conditions? There have been innovations in this course.

draw India closer. In June Narendra Modi, India’s prime minister, undertook a state visit to Washington, where he was feted by the White House, Congress and business leaders alike. Europe, too, has been trying to get cosier.

NEW DELHI: If Nifty fails to sustain above 19250, it's likely to experience a significant downward movement, says Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities. “This potential downside could extend towards the levels of 19000 and 18900. In this scenario, a cautious approach is advised, considering the prevailing selling sentiment,” he says in an interview. Edited excerpts:RIL, which ended the week down over 3%, was the biggest drag on Nifty during the week even when buying was seen in financials and IT stocks. How does the Nifty trade setup look ahead of the monthly expiry?During the entire August series, the index has encountered consistent selling pressure from elevated levels.

By Roushni Nair and Melanie Burton

Indian Prime Minister Narendra Modi says his country’s role as the G20 host this year would focus on highlighting the concerns of the developing world, and has proposed the African Union to become permanent members of the forum

In the first moments of the Maui fires, when high winds brought down power poles, slapping electrified wires to the dry grass below, there was a reason the flames erupted all at once in long, neat rows — those wires were bare, uninsulated metal that c...

The coming decade will see the largest global transfer of wealth in the planet’s history, as the Baby Boomers’ accumulated treasure of more than $US68 trillion goes to their heirs.

Gran Turismo" is projected to secure the top spot at the box office, earning $17.3 million. However, "Barbie" is trailing closely with $17.1 million, creating a tight competition where the final outcome remains uncertain until Monday. According to Paul Dergarabedian, a senior Comscore analyst, the estimates for these movies are very close, with only a $200,000 difference between them. The final results will become clearer in the coming days. «Gran Turismo» achieved its opening figure by including a significant $5.3 million from preview screenings and fan events that the studio hosted in recent weeks.

IndoStar Capital Finance has sold to Phoenix Asset Reconstruction Company two stressed loans of Puranik Builders and Kanakia Spaces Realty for ₹790 crore, which is an 86% recovery on the total loan outstanding of ₹915 crore, according to sources. The recovery rate is considered good given that these loans were overdue by around 60 days. «The recovery was good as the loan accounts were tagged in stage 2 and chances of recovery are strong,» said a source.Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days.

Here’s one for the oat milk converts; an emerging brand in Australia’s plant-based beverage industry is looking for its next stage of growth.

Union home minister Amit Shah will chair a meeting of the Western Zonal Council on Monday in Gandhinagar where a host of issues such as speedy investigation in cases of sexual offence and rape and matters related to infrastructure and environment will come up for discussion, officials said. The Western Zonal Council comprises Gujarat, Maharashtra, Goa and the Union Territories of Daman and Diu and Dadra and Nagar Haveli. The meeting will be attended by chief ministers, ministers, chief secretaries, principal secretaries and senior officers of member states and central government, officials said. The meeting is likely to discuss issues like speedy investigation in cases of sexual offence and rape against women and children, implementation of Fast Track Special Courts for expeditious disposal of rape and The Protection of Children from Sexual Offences (Pocso) Act cases. Facilitation of banks and India Post Payment Bank branches within 5 km in each village, addressing malnutrition among children through Poshan Abhiyan, reducing drop-out rate of school children, participation of government hospitals in Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and issues of general interest at national level will also be discussed at the meeting. The meeting will discuss issues of common interests in areas of road connectivity, power, industries and other matters, they said.

NEW DELHI : India is in talks with a number of African countries, including Namibia, Mozambique and Kenya, to help develop its Unified Payment Interface (UPI) and to conclude commercial partnerships between payments platforms, according to persons aware of the matter. This push comes after Ritesh Shukla, International CEO of the National Payments Corporation of India (NPCI), which developed UPI, stated that the number of countries where UPI is live will double in the next 12-18 months. “There are many countries in the world which have similar problems we had before the advent of UPI.