As the deadline for foreign portfolio investors (FPIs) to disclose their beneficial ownership (BO) to the Securities and Exchange Board of India (SEBI) closes in on September 9, the financial market is witnessing heightened anxiety. This regulatory requirement is part of SEBI’s move to bring greater transparency and prevent possible round-tripping of funds. However, not all FPIs are…
In a major legal clash, Brazil’s Supreme Court has seized $3.3 million from the bank accounts of Elon Musk’s companies, X (formerly Twitter) and Starlink, in response to unpaid fines. Justice Alexandre de Moraes ordered the move after X refused to comply with the court’s request to remove certain flagged content from the platform.
Background of the Dispute
The ongoing…
In a significant boost to India’s commercial real estate market, office space leasing has seen a remarkable surge in the first half of 2024. Bengaluru has emerged as the clear winner, with a staggering 4.5 million square feet of office space leased out – a whopping 53% of the city’s total commercial transactions!
But Bengaluru isn’t alone in this boom. Hyderabad and…
In a significant move that highlights the growing prominence of real estate developments in India, NCR-based County Group’s subsidiary has inked a ₹105 crore development agreement for a project in Gurugram. This comes as part of the group’s broader strategy to expand its footprint across the Delhi-NCR region, focusing on upscale developments to cater to the growing demand for luxury real…
Adani Power is set to significantly increase the capacity of its Kawai power plant in Rajasthan through a planned investment of Rs 18,000 crore. The current capacity of 1,320 MW will be expanded to a total of 4,520 MW, achieved in two distinct phases.
Project Overview
The Kawai plant, an essential component of Adani’s energy portfolio, currently generates 1,320 MW of power. With the…
In a significant update for air travellers, IndiGo has shifted 35 of its flights to the newly upgraded Terminal 1 (T1) at Delhi’s Indira Gandhi International (IGI) Airport. This change is aimed at improving the travel experience by reducing congestion in the airport’s other terminals, making it easier and faster for passengers to navigate their way through.
Why the Change?
The shift to…
In a distressing turn of events, over 200 residents of Supertech Eco Village 2 in Greater Noida West have been reported ill after consuming contaminated water. This housing society, one of the largest in the region, is facing a severe health crisis, with children being the most vulnerable. The situation has sent shockwaves through the community as authorities rush to contain the outbreak and…
As Goldman Sachs is trying to manage the underperformingstaff, they plan to lay off some low-performing workers in the next month.The bank is going to fire some workers, which will result in a loss of approximately 4% ofthe bank’s workforce.
Goldman Sachs is about to carry out its yearly performance review that will see severalhundreds of underperforming staff sent packing. This has been…
The Oropouche virus, also identified as Sloth fever, is a viral disease carried through mosquitoesthat recently has been very much in the spotlight. Originating from tropical forests, this virus hasbecome recognized as being responsible for huge outbreaks both in the Amazon region and inother areas.
First isolated in 1955 from Trinidad, it took the name of a village and surrounding wetlands.
