Page 29 - Business Finance
Flexible Workspace Cements its Place as Mainstream Real Estate Asset Class; Significant M&A Activity Forecast in 2019 as Sector Consolidates: Colliers International India
/ -- 2019 will see the flexible workspace sector evolve with new iterations that will continue to disrupt traditional views of what the sector is, and what it can offer building owners and occupiers on a corporate scale as it cements its place as a mainstream real estate asset class, here to stay. "Flexible workspace operators will blur the lines between workspace and amenities, creating value for building owners, lean toward premium workspace design, and continue to pioneer new products to benefit occupiers and, critically, their workforces," says Ritesh Sachdev, Head of Occupier Services, India and Managing Director, South India at Colliers International India. As the shape of occupier demand continues to shift, building owners must react and, as part of this, will have to decide whether to self-perform flexible workspace and amenity spaces, or; acquire, invest in or partner with an operator. This decision will hinge on whether a building owner wishes to switch from a transactional
Glenmark Pharmaceuticals Receives Tentative ANDA Approval for Clindamycin Phosphate Foam, 1%
/ -- Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (U.S. FDA) for Clindamycin Phosphate Foam, 1%, a generic version of EVOCLIN[1] Foam, 1%, of Mylan Pharmaceuticals Inc. (Logo: http://mma.prnewswire.com/media/451507/PRNE_Glenmark_Logo.jpg ) According to IQVIA[TM] sales data for the 12 month period ending April 2019, the EVOCLIN Foam, 1% market[2] achieved annual sales of approximately $17.0 million*. Glenmark's current portfolio consists of 156 products authorized for distribution in the U.S. marketplace and 59 ANDA's pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio. [1]All brand names and trademarks are the property of their respective owners [2]Market includes brand and all available therapeutic ...
Oil & Natural Gas Corpn Ltd gains for third straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 170.1, up 1.64% on the day as on 12:54 IST on the NSE. The stock is up 6.51% in last one year as compared to a 9.43% jump in NIFTY and a 13.62% jump in the Nifty Energy index.
Motherson Sumi Systems Ltd soars 1.28%, rises for third straight session
Motherson Sumi Systems Ltd is quoting at Rs 126.9, up 1.28% on the day as on 12:54 IST on the NSE. The stock is down 37.92% in last one year as compared to a 9.43% gain in NIFTY and a 28.87% gain in the Nifty Auto index.
PSP Projects firms up after receiving new orders
PSP Projects rose 1.64% to Rs 531.55 at 12:38 IST on BSE after the company said it secured new work orders worth Rs 607.04 crore for institutional and residential projects from various clients.
China tells top global CEOs it will 'further open up'
Premier Li Keqiang vowed Thursday to further open up China's economy during a meeting with CEOs of top global companies amid simmering trade tensions with the United States. Washington and other trade partners have long complained about the uneven playing field foreign companies encounter in China, theft of intellectual property and entry barriers that allow state-backed companies to dominate crucial sectors of the economy. During the meeting in Beijing with heads of 19 multinational companies, Li pledged to make China more attractive to foreign investors. "We welcome more and more foreign investment to come to China," Li told the group representing the Global CEO Council. "We will also relax (restrictions on) access to even more fields to create a market-oriented, law-based internationalised business environment." Among the industry leaders attending the meeting at Beijing's opulent Great Hall of the People were Volkswagen head Herbert Diess, Pfizer CEO Albert Bourla, Daimler's Ola ..
Broader market recovers
Key indices trimmed gains after hitting fresh intraday high in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 110.83 points or 0.28% at 39,223.57. The Nifty 50 index was up 30.50 points or 0.26% at 11,721.50.
Are doors for Indians to immigrate to the USA getting closed?
"The change in the policy of EB5 which is likely to come into force from this October will have an adverse effect on Indians. If US Govt raises minimum investment required from present USD 5,00,000 to USD 1.35 million, it may reduce Indian applicants by 80 to 90 per cent", said Vivek R. Rao, an EB5 expert, investment and immigration consultantRao, who is in Hyderabad in connection with a seminar "EB-5 Business Gateway to the US, US Immigration" at Grand Kakatiya on 22nd June, said interacting with the media that it might also pose another challenge to Indians, issues from the regulatory body from RBI.EB-5 is an immigrant investment program is an alternative way for some wealthy Indians to live their American dream. Those who otherwise don't have a chance to get an American Green Card, until now found it a good opportunity as it enables people to migrate to the US through a government-sponsored 'invest in the US and get a green card scheme'. In other words, it is a "paid invitation" ...
Australia Market extends gains for fourth session
The US share market climbed for a third day on Wednesday, after the Fed left interest rates unchanged at its monetary policy meeting, dropped the word patient from its statement and said it would act as appropriate to sustain the economy. Overnight on Wall Street, the Dow Jones Industrial Average added 38.46 points to close at 26,504, while the S&P 500 rose 0.3% to finish its trading day stateside at 2,926.46. The Nasdaq Composite advanced 0.4% to close at 7,987.32.
PNC Infratech advances after CARE reaffirms rating on subsidiary
PNC Infratech rose 2.46% to Rs 199.60 at 12:13 IST on BSE after CARE reaffirmed its credit rating on bank facilities of the company's subsidiary.
B A G Films & Media Ltd leads gainers in 'B' group
Patspin India Ltd, R S Software (India) Ltd, Aksh Optifibre Ltd and VIP Clothing Ltd are among the other gainers in the BSE's 'B' group today, 20 June 2019.
Jet Airways shares bounce back; zoom 19%
Shares of Jet Airways bounced back after days of massive fall and rose sharply by 19 per cent Thursday. Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE. On the NSE, shares zoomed 19 per cent to Rs 39.40 after dropping to an all-time low of Rs 26.55 during the morning trade. In the last 13 trading days, shares of Jet Airways have tumbled 78 per cent. A consortium of 26 bankers led by the State Bank of India earlier this week took the airline to the National Company Law Tribunal (NCLT) to recover their dues of over Rs 8,500 crore. Jet Airways, started over 25 years ago, stopped flying on April 17 after it ran out of cash and unpaid lessors took away most of its 100-odd operational airplanes. The tribunal will begin hearing on the matter from Thursday.
Glenmark Pharma rises on getting tentative USFDA nod for Clindamycin Phosphate Foam
Glenmark Pharmaceuticals was up 0.51% to Rs 512.15 at 11:23 IST on the BSE after the company said it received tentative ANDA approval for Clindamycin Phosphate Foam, 1%.
Japan: Nikkei gains on dovish U.S. Fed outlook
The Japan share market advanced for second straight session on Thursday, 20 June 2019, following Wall Street's rally overnight after the U.S. Federal Reserve left interest rates unchanged overnight but signalled rate cuts of as much as half a percentage point over the remainder of 2019. Total 22 subsectors out of 33 subsectors of the Topix's index advanced, with Marine Transportation, Securities & Commodities Futures, Real Estate, Glass & Ceramics Products, and Precision Instruments issues being notable gainers, while Transportation Equipment, Oil & Coal Products, and Air Transportation issues were notable losers. At closing bell, the 225-issue Nikkei Stock Average advanced 0.57%, or 120.90 points, to 21,454.77, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 0.25%, or 3.85 points, at 1,559.12.
IT stocks slide on H-1B visa concerns
Eight IT stocks lost 0.05% to 2.48% at 10:48 IST on BSE on reports that the United States is mulling a cap on H-1B visa for Indians.
Kolkata tops in warehousing leasing volume: Report
Among top eight cities, Kolkata has emerged as the fastest growing market in the country in warehousing leasing, a report by a global property consultancy firm said. The 'India Warehousing Market 2019 report by the Global property consultancy firm, Knight Frank, said Kolkata witnessed highest YoY surge, with 191 per cent in warehousing leasing volume of 4.7 million sqft in 2018. Kolkata was followed by Bengaluru and Hyderababd, growing at 147 per cent and 96 per cent in 2018 over 2017. E-commerce and third party logistics (3PL) providers were the biggest occupiers to have picked up warehousing space in Kolkata in 2018, the report said. Kolkata has become a major warehousing hub serving the primary requirements of the entire eastern belt of the country, Knight Frank director (Kolkata) Swapan Dutta said. The clusters which saw highest growth are Dankuni and the suburbs, Durgapur Expressway and Old Delhi Road (NH-19 [Old NH-2]), National Highway-16 (Old NH-6), Taratala ...
Moderate gains for US stocks
Stocks push higher after Fed rate decision
Volumes jump at Tamil Nadu Newsprint & Papers Ltd counter
Tamil Nadu Newsprint & Papers Ltd saw volume of 2.07 lakh shares by 10:49 IST on BSE, a 59.15 fold spurt over two-week average daily volume of 3506 shares
ONGC gains after ONGC Videsh agrees to invest in Mozambique LNG project
ONGC was up 0.90% to Rs 168.85 at 10:56 IST on the BSE after ONGC Videsh and its joint venture partners announced final investment decision for initial two LNG train project development.
Sensex, Nifty bounce back; IT shares under pressure
Key benchmark indices bounced back in morning trade after opening on a negative note. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 84.16 points or 0.22% at 39,196.90. The Nifty 50 index was up 28.40 points or 0.24% at 11,719.85. The Nifty was trading above 11700 mark.
