Two homes owned by Raveendran's family in Bengaluru, in southern India, and his under-construction villa in Epsilon, a plush gated community in the city, were offered as collateral to borrow $12 mn

Byju Raveendran

Bloomberg

This analysis is based on a common sample of 19 listed real estate companies that are part of the BSE500, BSE Midcap, and BSE Smallcap indices

real estate, construction, rate hike, interest rate hike

Business Standard

Last month, the Federation of Indian Export Organisations (FIEO), as part of its recommendation for the services sector, urged the government to introduce measures to empower small businesses

india uk trade

Power-to-port conglomerate's mcap nears Rs 12 trillion

adani group

The BJP has twice now won majorities in India's parliament by sweeping almost every constituency in the north and the west of the country

PM Modi, Narendra Modi

The Enforcement Directorate on Saturday filed a charge sheet against AAP MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said.
The prosecution complaint has been filed before a local court under various sections of the Prevention of Money Laundering Act (PMLA).
This is a supplementary charge sheet in this case as the agency had filed about five such complaints earlier.
Singh, a Rajya Sabha MP of the Aam Aadmi Party (AAP), was arrested in this case by the ED in October.
The anti-money laundering agency had alleged that an accused businessman Dinesh Arora gave Rs 2 crore in cash at the Rajya Sabha MP's residence in two tranches.
Singh has rebutted the claim.
The AAP MP was arrested by the ED in connection with its money laundering probe linked to the 2021-22 Delhi Excise policy case and was the second high-profile leader after Manish Sisodia, a former deputy chief minister, to be held in this case.
The AAP that rules Delhi has cal

Sanjay Singh

Press Trust of India

Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process.
Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project.
The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India, a company statement said.
The company received the letter of intent (LOI) after emerging as a successful bidder in the Tariff-Based Competitive Bidding (TBCB) process, as per the guidelines issued by Ministry of Power, it added.
The project, which will be developed on a Build-Own-Operate-Transfer (BOOT) basis, will enable the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan.
The project entails establishment of a 340-km transmission corridor from Bikaner-III pooling station to Neemrana II substation.
Tata Power will maintain the transmission project for a period of 35 years. It is estimated to cost Rs 1,544 crore and i

The new plan has been put in place after the company's disclosure last week which said its liabilities, advances and net worth are understated

The government on Saturday said coal production from captive, commercial coal mines registered a 37 per cent rise to 11.94 Million Tonnes (MT) in November.
The coal output from captive, commercial coal mines was at 8.74 MT in November 2022-23.
Coal dispatch from captive, commercial coal mines in November was at 12.92 MT, registering a growth of 55 per cent as against 8.36 MT in the year-ago period.
"The average daily coal dispatch from such mines in November 2023 is the highest ever with 4.3 lakh tonnes per day," the coal ministry said in a statement.
The total coal production from captive, commercial coal mines during the April-November period was around 83.90 MT, while the total coal dispatch was 89.67 MT, registering a year-on-year growth of 24 per cent and 31 per cent, respectively, from the same period in FY23.
The government is committed to achieving the target coal production and dispatch, which is a crucial step towards ensuring the country's energy security and driving ..

Coking Coal

Leaders of developing nations jumped into Saturday's second-day of a UN climate summit to press rich industrial countries to share their knowhow to fight global warming and ease the financial burdens they face  while trumpeting their own natural resources that swallow heat-trapping carbon in the air.
The 28th annual UN Conference of the Parties, or COP28, in the oil-rich United Arab Emirates featured about 150 presidents, prime ministers, royals and other leaders who are presenting their plans to cut heat-trapping emissions and mostly seek unity with other nations to avert climate catastrophe that seemed to draw closer than ever in 2023.
The developing world took centre stage early Saturday. Several African leaders noted their continent's rainforests help gobble up excess carbon dioxide in the air and emphasised how their countries belch out only a tiny fraction of heat-trapping emissions compared to richer countries.
Teodoro Obiang Nguema Mbasogo of Equatorial Guinea  one of ...

COP28, climate change, environment

The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the US oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy.
The Environmental Protection Agency said the new rule will sharply reduce methane and other harmful air pollutants generated by the oil and gas industry, promote use of cutting-edge methane detection technologies and deliver significant public health benefits in the form of reduced hospital visits, lost school days and even deaths.
Air pollution from oil and gas operations can cause cancer, harm the nervous and respiratory systems and contribute to birth defects.
EPA Administrator Michael Regan and White House Climate adviser Ali Zaidi announced the final rule at the United Nations climate conference in Dubai, United Arab Emirates.
Oil and gas operations are the largest industrial source of methane, the main component in natural gas and far more potent th

Joe Biden

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes

Economic growth

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said.
Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI.
As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels.
Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years."
When asked about sales

Pepe Jeans, Jeans

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

It's counter-intuitive, but Modi's own popularity has grown with the length of his tenure. He had always seemed the front-runner by some distance for 2024, and this gives him more tailwind

Prime Minister Narendra Modi, PM Modi

The ever-milling modern-day sport does not allow extended celebrations and India, in the immediate aftermath of their T20I series triumph, will have to hit game-mode and treat the fifth match against Australia here Sunday as a workshop to fit two key pieces in their grooves ahead of an exacting assignment.
Shreyas Iyer and Deepak Chahar will have significant roles to play in the T20Is against South Africa, beginning on December 10.
In that context, the Indian think-tank will be eager to see them firing in their last competitive outing before facing the Proteas at Durban.
Iyer might have been in grand touch during the recent 50-over World Cup, but the Raipur T20I on Friday was the Mumbaikar's first international match in the shortest format in over a year after playing against New Zealand at Napier last November.
The rust was visible while making a 7-ball eight without a single boundary.
So, Iyer will be looking to rack in some runs and he will be longing for an outing at the ...

Rinku Singh, Axar Patel star as India win the fourth T20I against Australia. Catch Highlights here. Photo: BCCI

Rinku Singh, Axar Patel

Gurugram Sector 37D: A Nexus of Connectivity and Investment Brilliance

chennai rain

Strong demand and premiumisation are driving revenues of the organised liquor industry higher and the operating profitability of distillers and brewers is expected to increase amid softening of input costs, says a report.
According to a Crisil Ratings report, the revenues of the organised liquor industry are expected to rise by 12-13 per cent this fiscal to Rs 4.45 lakh crore, on top of a 15-16 per cent growth last fiscal.
Accordingly, the operating profitability of distillers and brewers is expected to increase by 100-150 bps with softening of input costs.
This will also have a positive reflection on their credit profiles with strong balance sheets on back of significant deleveraging in the last three fiscals, the report said on Tuesday.
The agency said the report is based on the largest 33 liquor companies, which account for around 15 per cent of the organised liquor segment revenue.
The liquor industry can be broadly segmented into distillers and brewers. Distillers produce ...

liquor shop delhi

Researchers have found that there is a 95 per cent chance of global average surface temperatures setting new historical records during the 2023-24 winter.
The researchers at the Institute of Atmospheric Physics, Chinese Academy of Sciences, China, also said that regions in the mid-low latitudes of Eurasia and most parts of the Americas were likely to experience an exceptionally warm winter.
They have attributed these likely outcomes to an imminent maturity of a moderate to strong Eastern Pacific El Nino during the upcoming northern hemisphere winter.
This strong El Nino event is poised to trigger anomalous anticyclone activity in the Northwest Pacific, thereby influencing the winter climates of East Asia and North America, the researchers said in their study published in the journal Advances in Atmospheric Sciences.
They have also predicted surface temperatures in China to be more than double the usual temperatures, potentially setting the highest winter temperature record since ..

An aerial photo taken over the American side shows water flowing around ice due to subzero temperatures in Niagara Falls, New York

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Gurugram Sector 37D: A Nexus of Connectivity and Investment Brilliance

Tamil Nadu seeks Rs 5K cr Central aid for flood-ravaged Chennai: DMK MP

Organised liquor industry to see rise in revenue on strong demand: Report

Scientists predict warm winter, say surface temperatures may set records

Renowned Restaurateur Mr. Navin Agrawal unmasks the most luxurious Bar and the unique experience it holds - Shiloh Bar and Experience

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Byju's founder Raveendran pledges homes to raise funds for staff salaries

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