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As per reports, Religare Enterprises is in early talks with private equity PE investors to sell 6-7 per cent of its subsidiary Care Health Insurance Ltd to raise as much as Rs 1,200 crore. | Religare Enterprises is in talks with private equity investors to sell 6-7% of its subsidiary Care Health Insurance Ltd for up to Rs 1,200 crore. |
The Pharma Conclave is being held in collaboration with the Bulk Drug Manufacturers Association of India, Indian Drug Manufacturers Association IDMA TS and AP Chapter and other associations to attract investments in the healthcare and pharmaceuticals sector in Uttar Pradesh. The conference will demonstrate several measures being taken by GoUP to attract healthcare and pharmaceutical companies to the state by rapidly boosting the infrastructure required for the industry and the irresistible incentives for setting up their manufacturing and R&D facilities in the state. 3,000 crore in investments in the pharmaceuticals and medical devices sector and registered a growth of 38.2 per cent in exports between FY16 and FY19.--IANSamita rad Speaking about the event, Mayur Maheshwari, CEO, UPSIDA said, Government of Uttar Pradesh GoUP will be seeking investments from healthcare and pharmaceutical companies from Hyderabad at the conclave. According to the official spokesman, the conference will primarily focus on sensitising industry stakeholders on various incentives offered by the Government of Uttar Pradesh through its Industrial Policy and the Pharmaceutical Policy 2023.The event will also highlight the opportunities in pharmaceutical research and manufacturing, particularly in the upcoming Pharma Park in Lalitpur district and other parks. With a focus on fostering pharmaceutical, generic medicines and medical devices industries in the state, the state government is setting up an exclusive bulk drug park in Lalitpur district with an investment outlay of Rs. Several distinguished pharmaceuticals industry leaders from Hyderabad, will participate in the event to convey their expectations from the Government of Uttar Pradesh. | The Pharma Conclave, held in collaboration with various associations, aims to attract investments in Uttar Pradesh's healthcare and pharmaceuticals sector. The state government offers incentives and infrastructure support to companies setting up manufacturing and R&D facilities, resulting in a 38.2% growth in exports between FY16 and FY19. |
The drug was developed by Dr. Waldemar Priebe at The University of Texas MD Anderson Cancer Center and has shown promise in a Phase 1 clinical trial conducted by Reata Pharmaceuticals NASDAQ RETA , Inc., including one durable complete response. | Dr. Waldemar Priebe of The University of Texas MD Anderson Cancer Center developed a drug that has shown promise in a Phase 1 clinical trial conducted by Reata Pharmaceuticals, including one durable complete response. |
As per the analysts, the companies will likely charge at least 5-10 per cent more for 5G services compared to 4G, starting from the second half of 2024, Economic Times reported. | Starting from the second half of 2024, companies are expected to charge 5-10% more for 5G services compared to 4G. |
PALM BEACH GARDENS, Fla. - CyberFuels, Inc., a subsidiary of Encountercare Solutions, Inc. OTC-BB ECSL , has finalized the acquisition of more than 71 acres of land and waterways in Port Tampa, Florida, for a total of $33.5 million. | CyberFuels, a subsidiary of Encountercare Solutions, acquired 71 acres of land and waterways in Port Tampa, Florida, for $33.5 million. |
Minister Goyal highlighted challenges being faced by business visitors from India due to visa processing time periods and requested the United States to augment processing, the joint statement said. Commerce Minister Goyal reiterated India s interest in restoration of its beneficiary status under the Generalized System of Preferences program. New Delhi, Jan 13 IANS India has requested the US to restore its status under the Generalized System of Preferences GSP program which was scrapped by the former Donald Trump administration in 2019.The issue came up at the India-US Trade Policy Forum TPF meeting here co-chaired by Union Minister of Commerce and Industry Piyush Goyal and US Trade Representative, Ambassador Katherine Tai. | India has requested the US to restore its status under the Generalized System of Preferences (GSP) program, which was scrapped by the Trump administration in 2019. India also raised concerns about visa processing time periods for business visitors. |
Vulcan Minerals President Patrick Laracy commented on the findings, stating that the McNeily zone's high-grade copper and appreciable gold credits justify further exploration and delineation efforts to potentially expand the Colchester project's resource base. The McNeily zone, in particular, demonstrated continuity along strike, with the potential for minor lateral offsets. JOHN'S, Newfoundland and Labrador - Vulcan Minerals Inc. TSX-V VUL , a resource exploration company, disclosed significant copper and gold assay results from its McNeily drill program within the Colchester project in central Newfoundland. | Vulcan Minerals' McNeily drill program at the Colchester project in Newfoundland yielded high-grade copper and gold assays, warranting further exploration to expand the project's resource base. |
BREA, Calif. - Mullen Automotive, Inc. NASDAQ NASDAQ MULN , an emerging electric vehicle manufacturer, has unveiled a new lightweight service truck body for the All-Electric Mullen THREE, developed in collaboration with Phenix Truck Bodies & Van Equipment and Knapheide Manufacturing. | Mullen Automotive unveils a lightweight service truck body for its All-Electric Mullen THREE, developed in partnership with Phenix Truck Bodies & Van Equipment and Knapheide Manufacturing. |
Finance department Additional Chief Secretary ACS L.K. Atheeq, Industry department Principal Secretary Selva kumar, ITBT secretary Ekroop Kaur and other officers were present on the occasion.--IANSmka dpb | Finance department ACS L.K. Atheeq, Industry department Principal Secretary Selva kumar, and other officers attended an event. |
The collaboration, set to extend until the end of 2027, marks Hoffmann Green's first agreement with a single-family home constructor and is seen as a strategic move in the company's diversification efforts. Hoffmann Green Cement Technologies, established in 2014, has made strides in the cement industry with its extremely low-carbon cements. Hoffmann Green is also expanding internationally, with contracts in the UK, Belgium, Switzerland, and Saudi Arabia. The partnership will enable Groupe Trecobat to enhance its low-carbon strategy by utilizing Hoffmann's clinker-free cements in the construction of its Trecobat Green homes, designed to offer comfort while respecting environmental standards. With a strong market presence in western France and €203 million in sales by 2023, Groupe Trecobat's decision to adopt Hoffmann Green's cement solutions underscores a shared commitment to sustainable construction practices. Co-founders of Hoffmann Green Cement Technologies, Julien Blanchard and David Hoffmann, expressed their enthusiasm for the partnership, emphasizing the opportunity to develop a low-carbon offering for the single-family home market. Alban Boy , Chairman and CEO of Groupe Trecobat, also commented on the partnership, highlighting it as a crucial step towards providing customers with more environmentally friendly homes and expressing eagerness to see the first homes built with Hoffmann's clinker-free cement. This announcement is based on a press release statement from Hoffmann Green Cement Technologies. CHAILL -SOUS-LES-ORMEAUX, France - Hoffmann Green Cement Technologies, known for its innovative low-carbon cements, has announced a significant partnership with Groupe Trecobat, a leading builder of single-family homes in France. | Hoffmann Green Cement Technologies and Groupe Trecobat have partnered to use Hoffmann's clinker-free cements in the construction of Trecobat Green homes, enhancing Groupe Trecobat's low-carbon strategy and offering more environmentally friendly homes to customers. |
One such company, W. P. Carey Inc. NYSE WPC , mirrors this cautious optimism with analysts anticipating sales growth and an impressive gross profit margin of 92.39 over the last twelve months as of Q3 2023. With the company's liquid assets exceeding short-term obligations and a strong return of 25.02 over the last three months, W. P. Carey Inc. stands as a testament to the strategic planning echoed in the sentiments from the J.P. Morgan survey. For those looking to delve deeper into the financial intricacies of companies like W. P. Carey Inc., InvestingPro offers an array of additional tips. InvestingPro Tips highlight that W. P. Carey Inc. has maintained dividend payments for an impressive 26 consecutive years and is predicted to remain profitable this year, underpinning the resilience and financial strength that German business leaders are striving for. | W. P. Carey Inc. (NYSE: WPC) exhibits cautious optimism with projected sales growth and a 92.39% gross profit margin. The company's strong financial position, including liquid assets exceeding short-term obligations and a 25.02% return over the past three months, aligns with the strategic planning emphasized by German business leaders. |
RIL and bp plc have announced the commencement of production from the MJ field, following testing and commissioning activities. | RIL and bp plc have begun production from the MJ field after testing and commissioning activities. |
Data from the India Meteorological Department revealed that from June 1 through July 14, rainfall has been deficient in about 40 per cent of the 717 districts in the country, while the remaining 60 per cent received normal to excess rainfall. | From June 1 to July 14, 40% of India's 717 districts experienced rainfall deficiency, while the remaining 60% received normal to excess rainfall. |
Hecla Mining, established in 1891, is the largest silver producer in the United States, with operations in Alaska, Idaho, Quebec, and Yukon. | Hecla Mining, founded in 1891, is the largest silver producer in the US, operating in Alaska, Idaho, Quebec, and Yukon. |
VinFast's entry into the Indian market comes as the company eyes the opportunity to establish itself in the world's third-largest vehicle market. VinFast has also unveiled its latest electric models at CES 2024, showcasing the VF NYSE VFC Wild, a mid-size pickup truck, and the VF 3, a mini-sized eSUV. In addition, VinFast enters India with a big investment. VinFast Enters IndiaIn a strategic move to tap into the burgeoning electric vehicle EV market in India, Vietnam's VinFast Auto NASDAQ VFS has announced its plans to build its first EV facilities in the southern state of Tamil Nadu NS TNNP . | VinFast, a Vietnamese automaker, plans to establish its first EV facilities in Tamil Nadu, India, to tap into the growing EV market in the world's third-largest vehicle market. The company also unveiled its latest electric models, the VF Wild pickup truck and the VF 3 eSUV, at CES 2024. |
Bengaluru, Jan 10 IANS Assuring that the government would come up with a new clean mobility policy, Large and Medium Industries Minister, MB Patil, on Wednesday invited a Japanese delegation to consider investing in the sector. Members of Parliament from Japan Taro, Hideto, Susumu, Kazuhiro, Consul General in Bengaluru Nakane Tsutomu, and Deputy Consul General in Bengaluru Hokuto were among those who represented the delegation. | Karnataka's Large and Medium Industries Minister, MB Patil, invited a Japanese delegation to invest in the state's clean mobility sector, assuring a new policy for the industry. |
With the MCX spot gold prices at Rs 62,939 per 10 grams $2,063 per ounce in international markets , the yellow metal ended 2023 on a strong note with returns of 15 per cent. | In 2023, gold prices surged by 15%, reaching Rs 62,939 per 10 grams in India and $2,063 per ounce internationally. |
MONTPELLIER, France - Teva Pharmaceutical Industries NYSE TEVA Ltd. has announced the completion of patient enrollment for its Phase 3 trial of mdc-TJK, a potential new treatment for schizophrenia. | Teva Pharmaceutical Industries has completed patient enrollment for its Phase 3 trial of mdc-TJK, a potential new treatment for schizophrenia. |
Exxon Mobil NYSE XOM stock rose 0.8 and Chevron NYSE CVX climbed 0.9 after crude prices soared in the wake of the missile strikes by U.S. and British forces on Houthi forces in Yemen. | Exxon Mobil and Chevron stocks rose due to a surge in crude prices following missile strikes on Houthi forces in Yemen by U.S. and British forces. |
MG Motor s Halol facility has capacity to make 120,000 vehicles and would require another site to expand and was looking at the Chennai plant owned by Ford Motors. | MG Motor's Halol facility has a production capacity of 120,000 vehicles and is considering acquiring Ford Motor's Chennai plant for expansion. |
Elmer Francisco, Chairman of Francisco Motors, emphasized the joint venture's commitment to reviving the jeepney industry in an eco-friendly manner while enhancing the livelihoods of local Filipinos. | Francisco Motors' joint venture aims to revitalize the jeepney industry sustainably, improving the livelihoods of Filipinos. |
Vijay Singh has resigned as the chief financial officer CFO of the Company on account of personal reasons. | Vijay Singh has resigned as the CFO of the Company due to personal reasons. |
In Australia, the S&P ASX 200 climbed 0.25 per cent, ahead of the Reserve Bank of Australia's rate decision. | The S&P ASX 200 in Australia rose 0.25% before the Reserve Bank of Australia's rate decision. |
This collaboration will integrate Yellow Card's payment systems into Coinbase's L2 Base platform, aiming to reduce transaction fees to a maximum of 2 , significantly lower than traditional fiat transfer rates of up to 6 .The initiative is a response to the unique financial challenges faced by Africa's young and rapidly growing population, which is currently underserved by conventional financial systems. SAN FRANCISCO - Coinbase NASDAQ COIN , a leading cryptocurrency exchange, has announced a strategic partnership with Yellow OTC YELLQ Card, a financial service provider in Africa, to expand the usage of the USD Coin USDC across 20 African countries, starting from February. This alliance is a key component of Coinbase's larger goal to incorporate a billion people into the cryptocurrency ecosystem. As Coinbase forges ahead with its strategic partnership to expand the use of USD Coin in Africa, it's worth noting some key financial metrics and expert insights that may influence the company's trajectory. The partnership with Yellow Card underscores Coinbase's commitment to making digital currencies more accessible and useful in regions where the traditional banking infrastructure is limited or inefficient. | Coinbase and Yellow Card have partnered to integrate Yellow Card's payment systems into Coinbase's L2 Base platform, aiming to reduce transaction fees to a maximum of 2%, significantly lower than traditional fiat transfer rates of up to 6%. This initiative is a response to the unique financial challenges faced by Africa's young and rapidly growing population, which is currently underserved by conventional financial systems. |
Similarly, an Invesco fund also shows a significant position in the sector. AUSTIN Texas has enacted a ban on its public pensions from investing in funds managed by companies such as BlackRock NYSE BLK and Invesco. Despite the prohibition, analyses reveal that the funds in question from BlackRock and Invesco maintain considerable investments within the sector they are accused of shunning. Interestingly, a closer look at the composition of the banned funds indicates that both BlackRock and Invesco have not entirely divested from oil and gas. | Despite a ban on investing in oil and gas, BlackRock and Invesco funds still hold significant positions in the sector, with Invesco showing a particularly large presence. |
The decrease marks a notable move for one of Canada's leading banking institutions. Royal Bank of Canada's stock value rose modestly by 0.26 to close at $132.80. Shares of the Royal Bank of Canada NYSE RY saw a slight uptick, while TC Energy Corporation NYSE TRP experienced a minor decrease. | Royal Bank of Canada's stock value rose by 0.26% to $132.80, while TC Energy Corporation experienced a minor decrease. |
The bank will raise capital through Basel III compliant additional Tier I bonds to the extent of Rs 3,500 crore and additional Tier II bonds to the extent of Rs 4,000 crore during FY24.The pharma company has received tentative approval from the US FDA for Palbociclib tablets, which are available in 75 mg, 100 mg, and 125 mg strengths. | The bank plans to raise Rs 7,500 crore through Basel III compliant bonds, including Rs 3,500 crore in additional Tier I bonds and Rs 4,000 crore in additional Tier II bonds during FY24. The pharma company has received tentative approval from the US FDA for Palbociclib tablets in various strengths. |
A NFL ESPN partnership cemented in equity would effectively underwrite ESPN as a key transition partner over the next 10 years as the NFL likely moves from linear-first rights deals to streaming-first. ESPN DIS and the NFL are reportedly engaged in advanced discussions regarding a potential equity stake, although the likelihood of a deal remains uncertain. According to the NY Post, the talks have progressed to a point where owners and players are being informed, adhering to the revenue-sharing terms outlined in the collective bargaining agreement CBA .If materialized, the deal could potentially involve ESPN taking control of NFL Media. An equity deal with ESPN might be viewed skeptically as it could potentially put the NFL at a disadvantage in future rights negotiations with other bidders, raising concerns about conflicts of interest, Wells Fargo strategists added. Wells Fargo analysts said the NFL is seen as the most important sports league for DIS investors as it can command the highest rights prices. ESPN may be able to improve carriage of NFL Network and or Red Zone, improving near-term cash flows good for the CBA . | ESPN and the NFL are in talks about an equity stake that could give ESPN control of NFL Media. The deal could potentially involve ESPN taking control of NFL Media. |
The new listings included ADNOC Gas, Presight AI, Al Ansari Financial Services, ADNOC Logistics, Dubai Taxi, Investcorp Capital, Phoenix Group, and PureHealth. | Eight new companies have been added to the Abu Dhabi Securities Exchange (ADX), including ADNOC Gas, Presight AI, and Al Ansari Financial Services. |
G, Founder of Equinomics. | G, the founder of Equinomics, is an expert in the field of economics. |
The investor's focus will be shifted to the earnings season, on a sequential basis, the earnings growth is likely to be lower, while the expectations for auto, capital goods, and cement will remain strong. | Earnings growth is expected to slow sequentially, with strong expectations for auto, capital goods, and cement sectors. |
The Consumer Staples sector, which includes supermarket giants Woolworths and Coles, was particularly affected by the news of possible legal action from the ACCC. The Australian Competition and Consumer Commission's ACCC potential lawsuits against major supermarket chains weighed on investor confidence. | The Consumer Staples sector, including Woolworths and Coles, faced investor concerns due to potential ACCC lawsuits against major supermarket chains. |
NEUHAUSEN, Switzerland - Allbirds, Inc., the eco-conscious footwear and apparel brand, has seen significant enhancements to its inventory management and customer experience through a collaboration with Sensormatic Solutions, a global retail solutions portfolio of Johnson Controls NYSE JCI . | Allbirds, an eco-conscious footwear and apparel brand, has collaborated with Sensormatic Solutions to enhance its inventory management and customer experience. |
NEW YORK - Accenture NYSE NYSE ACN has broadened its capabilities in the private equity space with the acquisition of Impendi, a provider specializing in sourcing and procurement services. | Accenture has acquired Impendi, a provider of sourcing and procurement services, to expand its capabilities in the private equity space. |
The hydrogen will be used locally by the Essar refinery and other major manufacturers in the region, including Tata Chemicals NS TTCH , Encirc and Pilkington to create the first low carbon refining operations, glass and chemicals manufacturing sites in the world. | Essar refinery and other manufacturers in the region will use hydrogen locally to create the first low carbon refining operations, glass and chemicals manufacturing sites in the world. |
Bosch India will showcase the BS6 stage 2 hydrogen engine truck, by early 2024.The Board of Directors of the company has approved to acquire 51 per cent stake in Guideline Travels Holidays India Private Limited, Dook Travels Private Limited, and Tripshope Travel Technologies Private Limited. | Bosch India plans to unveil its BS6 stage 2 hydrogen engine truck by early 2024. Additionally, the company has acquired a 51% stake in three travel companies: Guideline Travels Holidays India Private Limited, Dook Travels Private Limited, and Tripshope Travel Technologies Private Limited. |
Tax authorities have further sent two demand notices worth Rs 3,529 crore to LIC.The company will buy a 26 per cent stake in Amplus Ages for Rs 49 crore to meet its green energy needs and comply with regulatory requirements for captive power consumption. Its subsidiary Tata Power Renewable Energy has signed a MoU with the Gujarat govt to develop 10,000 MW of renewable energy power projects in the state with up to an investment of Rs 70,000 crore. | LIC faces tax demands of Rs 3,529 crore, while Tata Power Renewable Energy plans to invest Rs 70,000 crore in Gujarat for renewable energy projects. |
LAS VEGAS - Tuya Smart NYSE TUYA HKEX 2391 , a global Internet of Things IoT service provider, has introduced its Home Energy Management System HEMS and Net Zero Solutions at the Consumer Electronics Show CES 2024, signaling its enhanced focus on smart energy solutions. | Tuya Smart, an IoT service provider, showcased its Home Energy Management System and Net Zero Solutions at CES 2024, emphasizing its focus on smart energy solutions. |
Morgan Stanley upgraded DocuSign Inc NASDAQ DOCU to an Equal-Weight rating From Underweight and raised their 12-month price target on shares to $64.00 From $49.00 following increased investor interest. For bears, this difficult competitive environment for DocuSign as intensifying competition and increased commoditization of core e-signature contributes to pricing pressure and or continued market share losses, wrote analysts in a note. Analysts at Morgan Stanley decided to revisit their thesis on DocuSign after a recent Wall Street Journal report, hinting at a potential private equity deal, spurred investor interest in the software company. Morgan Stanley upgraded DocuSign Inc NASDAQ DOCU to an Equal-Weight rating From Underweight and raised their 12-month price target on shares to $64.00 From $49.00 following increased investor interest. Shares of DOCU are down 0.91 in mid-day trading on Tuesday. | Morgan Stanley upgraded DocuSign to Equal-Weight from Underweight, raising its price target to $64 from $49 due to increased investor interest following a potential private equity deal report. |
Beyond its retail operations, Albertsons is engaged in community support and philanthropic efforts. The declared dividend is set to be paid on February 9, 2024, to shareholders on record as of January 26, 2024.Albertsons operates a network of 2,271 retail food and drug stores, including 1,726 pharmacies and 401 fuel centers across 34 states and the District of Columbia. In 2022, the company, together with the Albertsons Companies Foundation, contributed over $200M in food and financial support to various causes. BOISE, Idaho - Albertsons NYSE ACI Companies, Inc. NYSE ACI , a major U.S. food and drug retailer, has declared a cash dividend of $0.12 per share for the fourth quarter of fiscal year 2023. Albertsons has cautioned that these statements are subject to risks and uncertainties and that actual results may differ materially from those projected. The company's portfolio includes well-known banners such as Albertsons, Safeway, and Vons. | Albertsons, a major U.S. food and drug retailer, has declared a cash dividend of $0.12 per share for the fourth quarter of fiscal year 2023, payable on February 9, 2024, to shareholders on record as of January 26, 2024. In 2022, Albertsons and its foundation contributed over $200M in food and financial support to various causes. |
The market value of Borouge amounted to more than AED 74.5 billion Emaar Properties AED 68.1 billion Abu Dhabi Commercial Bank AED 64.6 billion PureHealth Holdings AED 62 billion ADNOC Drilling AED60 billion ADNOC Distribution AED 45.7 billion Dubai Islamic Bank AED41.7 billion and Aldar Properties AED 41.6 billion. | Borouge holds the highest market value of AED 74.5 billion, followed by Emaar Properties (AED 68.1 billion) and Abu Dhabi Commercial Bank (AED 64.6 billion). |
Covestro's approach to circularity includes the use of alternative raw materials and renewable energy, alongside innovative recycling. | Covestro promotes circularity through alternative raw materials, renewable energy, and innovative recycling. |
Elsewhere in Asia, markets largely rose as China's factory activity contracted for a fifth straight month in August. | Despite China's factory activity contracting for the fifth consecutive month in August, Asian markets generally experienced growth. |
Hyderabad, Jan 17 IANS JSW Neo Energy, a subsidiary of JSW Energy NS JSWE , has announced setting up of a Pumped Storage Project in Telangana, with an investment of Rs 9,000 crore. | JSW Neo Energy, a subsidiary of JSW Energy, will invest Rs 9,000 crore to establish a Pumped Storage Project in Telangana. |
ISLAMABAD NEW DELHI - Gold prices have seen a downturn in the markets of Pakistan and Delhi. In Delhi, the price for ten grams of 22-carat gold has been reduced by Rs.100, now costing Rs.58,200, while 24-carat gold has experienced a reduction of Rs.110, taking the price to Rs.63,480.Despite these local price adjustments, silver has maintained its stability in both regions. The rate for silver remains at Rs.2,650 per tola in Pakistan, and in Delhi, the price stands steady at Rs.76,500 per kilogram. ISLAMABAD NEW DELHI - Gold prices have seen a downturn in the markets of Pakistan and Delhi. Investors and consumers in these markets are witnessing these changes as they unfold, with the current prices reflecting the latest valuations in the respective markets of Pakistan and Delhi. | Gold prices have declined in Pakistan and Delhi, with 22-carat gold dropping by Rs.100 to Rs.58,200 and 24-carat gold by Rs.110 to Rs.63,480 in Delhi. Silver prices remain stable at Rs.2,650 per tola in Pakistan and Rs.76,500 per kilogram in Delhi. |
NSE fresh consent in trading outage caseMeanwhile, the NSE has filed a revised consent application with Sebi on March 19 to settle a separate case pertaining to a trading outage in 2021.On February 24 that year, NSE s trading system was halted for several hours due to issues in links with telecom service providers. | NSE filed a revised consent application with Sebi on March 19 to settle a case related to a trading outage in 2021, where the trading system was halted for several hours due to issues with telecom service providers. |
Vijay Singh has resigned as the chief financial officer CFO of the Company on account of personal reasons. | Vijay Singh has resigned as the CFO of the Company due to personal reasons. |