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Showing posts from October, 2022

The builder of choice for your dream homes - Motia group

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 Motia Group is one of the most reputed names in the domain of residential and commercial Real Estate Developers in Zirakpur , Chandigarh with 15 projects spanning from residential apartments and villas to office spaces. In a span of 17 years, Motia Group has more than 4500 homes/offices delivered and secured many prestigious awards and accolades of national repute. Best Builder in Zirakpur Motia Group, Top Builders in Zirakpur brings you a new array of apartments, flats, and office spaces that match your requirements and complement your lifestyle. Motia Group differs from other home/office builders with their unique styles and perceptions. Motia Group is a young and contemporary real estate company with an objective to create industry milestones. The overwhelming response from the customers of Motia Group in Zirakpur motivates them to successfully complete their construction projects and more importantly make sure to satisfy their customers. With a strong will and dedicated team of e

Best time for NRIs to invest in Indian Luxury Real Estate

 The Indian real estate sector has continued to thrive over the years, even surviving a pandemic. The advent of the pandemic did raise some concerns regarding the future of the industry, but the contrary happened as robust sales were recorded. Frankly, the pandemic was a catalyst that changed the way home buyers saw a home, to everything that they needed from it. Following this, the reduction of stamp duty, and unchanged left circle rates helped with the rise in demand, leading to the NRI community’s sudden spike in interest in this sector. As time passes, the Indian real estate sector is going to be a promising investment choice for the NRI community, here’s why: Residential Real Estate has always been the preferred asset class for NRIs The preferred investment option for NRIs has traditionally been the Indian real estate sector. The funds remitted by the 32 million NRIs saw an inflow of up to $13.1 billion last year in the residential real estate sector of India and that number is

Attractive destination Global PEs continue to evince interest in Indian real estate

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 PE investments register 40 per cent increase in H1 FY23 Indian real estate continues to evince private equity investment interest. The average deal size in the first half of the fiscal (April–September) was $121 million — up 61 per cent Y-o-Y, and 14 per cent over the $106 million in H2FY22. Multi-city deals — beyond Mumbai — were signed in NCR, Bengaluru and Chennai. The deployment by JV platforms is also seen driving numbers. According to real estate consultancy firms, Savills, PE investment deals in July–September was $322 million; down by 33 per cent against $477 million reported in the year-ago-period. Commercial office assets garnered about 47 per cent of the investment pie. Fund deployment could be slower because of global recessionary trends. “Offices, life sciences, data centres, and industrial are witnessing interest in investment inflows. On a slightly longer term, we may witness new fund managers and investors enter the Indian real estate market,” said Diwakar Rana, Mana

Usha Martin is preparing plans for augmenting capacity and capability building - Rajeev Jhawar

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  Over the last 60 years, Usha Martin Limited have been able to establish themselves as one of the world’s leading manufacturers of wire rope. Their multi-units and diversified portfolio of products, coupled with superior quality products and services have enabled them to emerge as a globally trusted brand. Rajeev Jhawar Usha Martin currently focuses on building pathways to sustainable growth. In order to continue to be sustainable, resilient and future ready, Usha Martin is preparing plans for augmenting capacity and capability building. Post divestment of its Steel Business Undertaking, Usha Martin has improved with renewed vigor with its focus on capability building, debottlenecking of constraints and increase in productivity of key products to remain agile and competitive. There is focused effort for planned capability building by adding new machines for producing high end ropes and value-added products. Rajeev Jhawar Usha Martin has also cautioned all to remain agile and respons

Richest Russian of Silicon Valley gives up citizenship after war

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 Yuri Milner, wealthiest man in Russia’s Silicon Valley, said on Monday that he had renounced his Russian citizenship. Yuri Milner, Silicon Valley’s wealthiest Russian, said on Monday that he had renounced his Russian citizenship. Milner completed the process in August, according to a post on his venture firm DST Global’s website, which addresses its “background in relation to Russia” — a topic that’s become controversial following Russia’s invasion of Ukraine. In a tweet, Milner said that he and his family “left Russia for good” in 2014 after the annexation of Crimea. When Russia attacked Ukraine earlier this year, DST Global released a statement condemning “Russia’s war against Ukraine, its sovereign neighbor,” and his foundation spoke out against “unprovoked and brutal assaults against the civilian population.” Milner said he stood behind those statements. Milner was born in Moscow and was the most prominent tech leader to seek to distance his firm from Russia as Vladimir Putin’s Uk

Nirmala Sitharaman's prediction for India's economy as IMF cuts global growth

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 Nirmala Sitharaman said growth will be among the top priorities of the Narendra Modi government and attention will be paid to sustaining the momentum that the Indian economy has got coming out of the Covid-19 pandemic. Union finance minister Nirmala Sitharaman , who is in the US to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, on Tuesday forecasted India’s growth rate to be around 7 per cent this financial year. Sitharaman said growth will be among the top priorities of the Narendra Modi government and attention will be paid to sustaining the momentum that the Indian economy has got coming out of the Covid-19 pandemic. Her statement comes even as the IMF, in its latest projection, predicted India’s GDP growth to be 6.8 per cent — down from a January projection of 8.2 per cent and in July estimate of 7.4 per cent. However, despite the slowdown, India would remain the fastest-growing major economy. The IMF said on Tuesday global growth is expec

Russian FSB to allow India access to detained IS bomber

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  While Russia will take approval from Uzbekistan before giving access to Islamic State bomber, the Indian security agencies are keen to dig out the local link who was to supply explosives and target to the terrorist. Russia has agreed into principle to allow Indian security agencies access to detained Islamic State terrorist, who was planning to target members of the ruling BJP or the RSS for alleged blasphemy, after securing approval from the country of radical’s origin Uzbekistan. On July 27, 2022, the Russian security agency, the FSB, informed their Indian counterparts about the detention of 30-year-old Uzbek national Mashrabkon Azamov, who was planning to commit a suicide bombing against the ruling party representatives in India for alleged blasphemy. Azamov along with another Kyrgyzstan national was radicalized by an IS handler in Turkey as well as through online channels for the mission against India. The terrorist chose the Moscow route to enter India to avoid maximum scrutiny

Biden re-evaluates US relationship with Saudi Arabia after OPEC decision

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 Biden is willing to work with Congress on the future of Saudi relations, Kirby added. President Joe Biden is re-evaluating the U.S. relationship with Saudi Arabia after OPEC announced last week that it would cut oil production, White House national security spokesman John Kirby said on Tuesday. “I think the president’s been very clear that this is a relationship that we need to continue to re-evaluate, that we need to be willing to revisit,” Kirby said in an interview with CNN. “And certainly in light of the OPEC decision, I think that’s where he is.” Biden is willing to work with Congress on the future of Saudi relations, Kirby added. Bob Menendez, the Democratic chairman of the U.S. Senate Foreign Relations Committee, on Monday called for a freeze on cooperating with Saudi Arabia, including on most arms sales, accusing the kingdom of helping to underwrite the Russian war in Ukraine after OPEC announced last week that it would cut oil production. Biden was disappointed in the OPEC de

NATO tightens security; G7 warns Belarus

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 NATO said on Tuesday its member states were boosting security around key installations after Russia escalated its attacks on Ukraine. A G7 joint statement also warned Russia’s ally Belarus against any involvement and condemned Russia’s missile strikes, saying attacks on civilians was a war crime.

Two missing women suspected killed in human sacrifice in Kerala

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 The police were investigating two separate missing cases of women who sold lotteries in Ernakulam, when they uncovered a human sacrifice plot, the IGP told TNM. A probe into two missing women from Ernakulam has led the Kerala police to a suspected case of human sacrifice. The police suspect that a couple from Thiruvalla in Pathanamthitta and a man from Ernakulam abducted and murdered the two women. The alleged motive was human sacrifice for prosperity. A probe into two missing women from Ernakulam has led the Kerala police to a suspected case of human sacrifice. The police suspect that a couple from Thiruvalla in Pathanamthitta and a man from Ernakulam abducted and murdered the two women. The alleged motive was human sacrifice for prosperity. Rosily’s daughter Manju returned to Kerala from Uttar Pradesh in August to look for her mother. She told TNM that the police had not officially informed her that her mother was murdered, she had learnt it from the media. “I hope it is not true, I

Why French cities are refusing to show World Cup games on giant public screens

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 The World Cup begins next month in Qatar. France is the defending champion, but French cities have decided not to show the games at public gatherings to protest Qatar’s record on human rights. A MARTINEZ, HOST: The FIFA Men’s World Cup, the most widely watched sporting event on the planet, begins November 20 in Qatar. France is the defending champ, but many French cities are refusing to broadcast the games on giant public screens. NPR’s Eleanor Beardsley tells us why. (CHEERING) ELEANOR BEARDSLEY, BYLINE: When France beat Croatia to win the 2018 World Cup held in Russia, a hundred thousand fans went wild back in Paris under the Eiffel Tower in an official fan zone. But this year, Paris and other French cities like Bordeaux, Strasbourg, Lille and Marseille say they won’t promote the World Cup in public fan zones to protest Qatar’s human rights and climate violations. ERIC PIOLLE: My name is Eric Piolle, and I’m the mayor of Grenoble. BEARDSLEY: Grenoble’s mayor says his city wants no c

Paris points to environmental concerns and Qatar’s human-rights record in joining giant-screen boycott of World Cup next month

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 PARIS (AP) — Paris will not broadcast World Cup matches on giant screens in public fan zones amid concerns over violations of the human rights of migrant workers and the environmental impact of the tournament in Qatar. It follows similar moves by other French cities, even as France enters the World Cup as the defending champion, having topped Croatia in the final of the 2018 tournament , hosted by Russia. Some other European teams or federations are also looking at ways to protest. From the archives (June 2018) : Nafta partners U.S., Canada and Mexico celebrate FIFA nod to jointly host World Cup Key Words (June 2018): Iceland snatches victory in 1–1 draw with Argentina Pierre Rabadan, deputy mayor of Paris in charge of sports, told reporters in the French capital that the decision against public broadcasting of matches is due to “the conditions of the organization of this World Cup, both on the environmental and social level.” He said in an interview with France Blue Paris that “air-

Qatar media hits back at Europe's World Cup 'rights' attacks

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 Doha: Qatar’s tightly-controlled media on Monday stepped up an offensive against European criticism of the Gulf state’s human rights record ahead of the World Cup, on Editorials and cartoons in recent days have lambasted “smear campaigns” about Qatar’s treatment of migrant workers, women and the LGBTQ community. Some French cities have said they will not allow public screens to be put up to show matches in a rights protest. Al Sharq newspaper prominently showed a cartoon with the World Cup surrounded by arrows symbolising the criticism that Qatar has faced “Let’s stop smear campaigns and cooperate for a World Cup that unites peoples,” it added. Al Sharq ran an interview with Lakhdar Belloumi, a former Algerian international considered to be one of the best Arab football players of all time, who said “malicious campaigns will not discourage Qatar”. An editorial in the paper on Sunday hit out at the “lies, rumours and slander” written in Europe about Qatar’s World Cup preparations.  It