Global investment firm Blackstone-sponsored Nexus Select Trust has filed the draft paper with market regulator Sebi to launch India's first public issue of retail REIT to raise around $500 million (about Rs 4,000 crore), sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet of area valued at around $3 billion. As per the sources, Nexus Select Trust has on Thursday filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of the 2023 calendar year.
The MLAs of the ruling JMM-led alliance exuded confidence of winning the floor test, while the opposition BJP asserted that the coalition would be defeated.
We have seen great strides in all-around cooperation, Chinese foreign ministry spokesperson said.
"Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam in New Delhi.
While in power, Khan repeatedly talked about making Pakistan an Islamic welfare state. However, he failed to fix the economy and the basic problem of keeping the prices of commodities in control.
"The 'red bag' belonged to one of the hijackers, it contained explosives, and possibly, real passports, too.
The countries offering visa-on-arrival service to Indian nationals have been exploited as 'Donkey Routes' by agents for people who endeavour to reach the United States and Canada.
'India tend to taper off at the end. You don't need batters down at 9/10 but they must have the ability to hit boundaries.'
Describing her Republican rival Donald Trump as an unserious man, Kamala Harris warned Americans of the consequences of re-electing him for the second term.
From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
'Most leaders, from Lalu Yadav and Mamata to M K Stalin, respect and trust Sonia. She should continue unless she expressly declines.'
President Droupadi Murmu hosted a dinner for the outgoing Union council of ministers at Rashtrapati Bhavan.
As India prepare for their quarter-final match, it seems that Horn's boot-camp has had its desired effect.
Hazare in a statement accused Kejriwal of betraying the trust of crores of countrymen and rued that political ambitions destroyed the 2011 anti-corruption movement.
Modi and Biden will have a one-on-one meeting in the Oval Office of the White House on Thursday before holding high-level talks.
The Jawaharlal Nehru University Students Union (JNUSU) on Sunday elected its first Dalit president from the Left-backed groups after nearly three decades.
'BJP and RSS may have differences over minor issues but their hearts long for one common aim -- that of A Hindu Rashtra.' 'And this time to prove this point the RSS has prepared to help BJP win this election with all its might.'
The government on Wednesday named nine out of 15 members of the 'Shri Ram Janambhoomi Teertha Kshetra' trust constituted for the construction of Ram temple in Ayodhya as mandated by the Supreme Court. Here's all you need to know about the members of the trust who have been named so far.
The National Highways Authority of India (NHAI) is looking to monetise 33 stretches of national highways during the current financial year (FY25) through its toll operate transfer (TOT) and infrastructure investment trust (Invit). These stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai Bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. Cumulatively, the 33 stretches, spanning 2,741 kilometres (km) earned approximately Rs 5,000 crore revenue in FY24.
If Saudi Arabia, with just two Muslim holy sites of Mecca and Medina, can create a huge tourism-based ecosystem beyond oil, Ayodhya is sure to become the world's hottest religious tourism site in less than a decade, predicts R Jagannathan.
The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.
For trust in democracy to be retained, elections need to be not just free of intervention -- ruling out Pakistan and Russia -- but also demonstrate the capability to both deliver ruling mandates and hold the potential for large swings in favour of the opposition, points out Mihir S Sharma.And, after an election is done, they need to see a mandate in order to go back to their lives and let their representatives get on with the business of government, points out Mihir S Sharma.
Returning home after a five-day high-profile state visit to China, Maldives President Mohamed Muizzu on Saturday struck a defiant note saying that his country may be small but 'doesn't give them the license to bully us'.
Besides India, the United States and the United Kingdom will also go to the polls this year.
'Till the time we do not remove fear in the minds of Muslims of India, how will we achieve peace?' asks the Bharatiya Janata Party MLA from Gorakhpur, Radha Mohan Das Agarwal, who says he will resign as a member of the Uttar Pradesh assembly if any Indian Muslim of his constituency is evicted from the country during the Citizenship (Amendment) Act exercise.
Most of the pharma units are failing in documentation, and validation processes, and many don't have full-fledged quality control laboratories.
Senior bureaucrat Smita Sabharwal courted controversy by questioning the need for reservation for the differently-abled people in the All India Services (AIS).
Pakistan have appointed former South Africa batsman Gary Kirsten as head coach of their men's white-ball teams
"If you see in the context of alliances and statistics, then this is the strongest alliance government," Modi said while addressing newly-elected MPs and leaders of the NDA from across the country following his election as leader of the ruling bloc ahead of his government's swearing-in on Sunday.
A host of conspiracy theories followed, involving Indira Gandhi, her younger son Sanjay, his favourite small car project, secret funding of the Bangladesh Mukti Bahini and even the Central Intelligence Agency of the United States.
On the Citizenship Amendment Act, the Ajmer Dargah chief also said that in the last few years, Muslims have been misled about the CAA law.
While the two sides' objectives may appear to differ, it is clear that both India and China are emphasising on the common minimum possible areas of cooperation between them, says Srikanth Kondapalli.
Misfiring Indian bowlers in focus as India seek series-levelling win over SA in third T20I
For India to view the new Sri Lankan leadership only through the prism of the past or through their narrow view on China, is fraught with possibilities that should be avoided, asserts N Sathiya Moorthy.
Asserting that he has given a new meaning to "development" during his 12-year rule in Gujarat, Chief Minister Narendra Modi has said that the greatest challenge facing India is restoring the trust of the people.
Clearly, Foxconn Chairman Young Liu and his team are looking to raise their game in India.
Imam Umer Ahmed Ilyasi also said that from the day of the event, he has been getting abuse and 'threats on phone calls' from a section of people.
Modi also invoked Mahatma Gandhi and Buddha to urge the delegates to draw inspiration from India's civilisational ethos and "focus not on what divides us, but on what unites us."
China on Monday said cooperation between countries should not undermine regional peace and stability and target any third party, as it reacted to a host of defence and commercial pacts recently signed between India and the US including joint production of jet engines in India to power military aircraft and a deal on armed drones.
