Canada's CPPIB invests $205 million in Indian co IndoSpace's new fund

Indian warehouse and parks developer IndoSpace on Monday said the Canada Pension Plan Investment Board (CPPIB) will invest $205 million in the company's new real estate fund

joint venture

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

warehouse

Industrial and logistic parks developer IndoSpace on Friday announced that it will invest Rs 3,000 crore in Karnataka's warehousing and logistics space.
The firm already has a strong footprint in the state with its Grade-A industrial parks operational in Bommasandra, Nelamangla I and upcoming facilities in Nelamangala II and Naraspura.
IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state.
The pact is for a period of seven years and expected to generate 14,000 new jobs.
This investment will help attract further investments in the state and help meet the increasing demands of industries linked with warehousing and logistics, the company said.
Karnataka has a growing base in sectors like automobile, electronics, aerospace, agriculture, textiles and engineering and IndoSpace looks to help these industries with warehousing and logistics facilities, said Rajesh Jaggi, Vice Chairman for Real Estate, Everstone Group.
IndoSpa

Warehousing

India saw leasing transactions to the tune of 35 million sqft in FY22

IndoSpace to launch $500 mn fund targeting industrial, warehousing parks

Spread over 90 acres, these two facilities are located in Becharaji and Bavla in Gujarat

e-logistics, logistics, online, digital, data, tech

The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

real estate, realty, loans

New Vernon's investment panel casts a cloud over Värde's earlier investments

Around $580 million of total equity has been committed to ILP III

IFC has proposed an equity investment of up to $25 million (not to exceed 20% of total commitments) in the fund

logistics

Two entities will set up a JV called IndoSpace Core to develop logistics facilities in the country

Valuations are expensive but will likely remain so, says the brokerage

Nomura

Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.

Jewellery, Art Work

Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

Closing Bell on September 27, 2023: Among sectors, most of the key indices settled in the positive zone with the Nifty Pharma index gaining the most, up 1.2 per cent

BSE, NSE, Sensex, Nifty, stock markets

Stocks to watch on Wednesday, September 27, 2023: Shares of SignatureGlobal (India) and Sai Silk (Kalamandir) to debut on the bourses today.

Sensex, Nifty, BSE, NSE, stock market

He made the remarks during a press conference at the United Nations headquarters in New York. Lavrov said that his upcoming visit to North Korea follows the agreement between Putin and Kim Jong Un

Russian Foreign Minister Sergei Lavrov speaks at a press conference, during the G20 summit, in New Delhi, Photo: Reuters

Notably, India recognised Armenia in 1991 and India's Ambassador in Moscow was concurrently accredited to Armenia, according to the Ministry of External Affairs

S Jaishankar, Ararat Mirzoyan

Amid controversy over China's decision to deny visa to three Indian wushu players from Arunachal Pradesh for the Asian Games, Chinese envoy Zha Liyou on Sunday called for strengthening bilateral relations on a healthy and stable track.
Currently, relations between the two countries are "generally stable, and the leaders of the two countries maintain dialogue and communication", said Liyou, Chinese consul general in Kolkata.
"China is willing to work with India to implement the important consensus reached by the leaders of the two countries, strengthen dialogue and communication, overcome interference difficulties, and promote the development of bilateral relations on a healthy and stable track," Liyou said, while addressing a programme to celebrate the 74th anniversary of the founding of the People's Republic of China.
He also said the neighbouring country is willing to work with all parties, including India, to serve as a builder of world peace, a contributor to global development,

China, China flag

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

India Canada

The speaker of Canada's House of Commons has apologised for recognising a man who fought for a Nazi military unit during World War II.
Just after Ukrainian President Volodymyr Zelenskyy delivered an address in the House of Commons on Friday, Canadian lawmakers gave 98-year-old Yaroslav Hunka a standing ovation when Speaker Anthony Rota drew attention to him. Rota introduced Hunka as a war hero who fought for the First Ukrainian Division.
In my remarks following the address of the President of Ukraine, I recognised an individual in the gallery. I have subsequently become aware of more information which causes me to regret my decision to do so, Rota said in a statement on Sunday.
He added that his fellow Parliament members and the Ukraine delegation were not aware of his plan to recognise Hunka. Rota noted Hunka is from his district.
"I particularly want to extend my deepest apologies to Jewish communities in Canada and around the world. I accept full responsibility for my action," R

Canada

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The National Stock Exchange (NSE) has already submitted a proposal to the market regulator Securities and Exchange Board of India (SEBI)

NSE, Stock market

India is considering importing cheetahs from northern Africa due to concerns that these big cats from Namibia and South Africa have developed a winter coat in the Indian summer, officials said on Wednesday.
According to the officials, one of the significant challenges faced during the first year of managing cheetahs in India was the unexpected development of winter coats by some cheetahs during the Indian summer and monsoon, in anticipation of the African winter (June to September).
Even African experts did not anticipate this, a senior forest official said.
The winter coat, combined with high humidity and temperatures, caused itching, leading the animals to scratch their necks on tree trunks or the ground. This scratching resulted in bruises and exposed skin, where flies laid their eggs, leading to maggot infestations and, ultimately, bacterial infections and septicemia, resulting in the deaths of three cheetahs, the official explained.
"Considering that cheetahs in northern and .

Cheetah, Kuno National Park, Madhya Pradesh

Google turned 25 on Wednesday and marked the silver jubilee occasion with a special doodle that depicted the journey of the company from its humble origin in a rented garage in the US to becoming a global search giant.
The 25th anniversary doodle also visually portrayed the evolution of the software bellwether's logo over these years.
The firm is recognised around the world for its vibrant logo that embrace colours and simplicity.
On Wednesday, visitors to Google's homepage were welcomed with a dynamically changing logo with one of these being 'G25GLE', the numerals 25 being interlooped in a way that it formed the two 'Os' in the company's name.
On a note shared on its website on Wednesday, the search giant said," Today's Doodle celebrates Google's 25th year. And while here at Google we're oriented towards the future, birthdays can also be a time to reflect. Let's take a walk down memory lane to learn how we were born 25 years ago...".
By fate or luck, doctoral students Sergey Bri

Google

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

Stock market, NSE

Prime Minister Narendra Modi on Wednesday urged YouTube content creators to spread awareness on cleanliness, digital payment and the 'vocal for local' campaign through their work.
"Awaken the nation, initiate a movement," he said, noting that for 15 years he has been connecting to the country and the world through a YouTube channel.
Addressing the nearly 5,000 content and aspiring content creators, he said their product impacts people and they have an opportunity to make it even more effective.
"Together, we can easily teach and make crores of people understand important matters. Friends, although there are thousands of videos on my channel, the most satisfying for me has been when I talked to lakhs of students in our country through YouTube on subjects like exam stress, expectation management, productivity," he said.
Highlighting some topics, he said cleanliness (Swachh Bharat) became a big campaign in the last nine years with everyone contributing to it and children bringing an .

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Reliance Brands Ltd in collaboration with Indian designer Rahul Mishra has launched a new global luxury label, AFEW Rahul Mishra.
The inaugural easy-to-wear collection was presented on Wednesday at the Palais de Tokyo in Paris among global retailers, fashion press and celebrities, Reliance Brands said in a statement.
Curated by renowned stylist Jenke Tailly, this collection features a lineup of women's clothing, complemented by a selection of jewellery, bags, and shoes.
In the coming months, AFEW Rahul Mishra will be available on AFEW.RahulMishra.in and at Rahul Mishra flagship stores, followed by exclusive AFEW Rahul Mishra stores in key fashion cities.
"The launch during Paris Fashion Week propels the brand onto a global stage, reaching the most discerning global audience looking for functional everyday pieces elevated by a couturier's touch," said Darshan Mehta, MD of Reliance Brand.
RBL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), the holding company of Reliance ...

IndoSpace

Canada's CPPIB invests $205 million in Indian co IndoSpace's new fund

CPP Investments anchors new IndoSpace fund with $205 mn investment

IndoSpace to invest Rs 3,000 cr in warehousing, logistics space in K'taka

Private equity-backed warehousing companies on a leasing spree

IndoSpace enhances presence in west with two logistics parks in Gujarat

IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks

Blackstone closes in on warehousing developer Indospace for top spot

Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall

IndoSpace closes $1.2 bn ILP III, takes total India commitment to $3.2 bn

IndoSpace to launch $500 mn fund targeting industrial, warehousing parks

CPPIB, IndoSpace in $1.3-bn deal