India’s Nykaa and Dubai’s Apparel Group forge Gulf alliance

India’s Nykaa and Dubai’s Apparel Group forge Gulf alliance

NEW DELHI, Oct 6 (Reuters) – Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies said on Thursday. With the agreement, Nykaa hopes to grow in a region where it sees high demand for beauty products, months after … Read more

Sri Lanka holds rates as cenbank tries to stabilize harsh economic conditions

COLOMBO, Oct 6 (Reuters) – Sri Lanka’s central bank held policy rates steady on Thursday, saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as the crisis-hit nation grapples with red-hot inflation. and shortages of dollars. As widely expected, the Standing Lending Facility (LKSLFR=ECI) rate was held steady at … Read more

Catella : Real Estate AG acquires subsidized residential projects from developer GBI in the Stuttgart and Düsseldorf metropolitan regions for two special funds

The 41 units in Ehningen are fully publicly subsidized and will be part of the “KCD-Catella Immobilien mit sozialer Verantwortung” special AIF. “Affordable housing is hard to come by in this economically powerful region, so this project is allowing us to create an important additional proposition for single people and families who otherwise struggle on … Read more

India’s Greenko co-founder eager to return to London market

LONDON, Oct 4 (Reuters) – Greenko Group, one of India’s largest renewable energy companies, hopes to list in London in the future as it builds the world’s largest integrated grid-scale renewable energy storage project in the southern state of Andhra Pradesh. The company was listed on the Alternative Investment Market of the London Stock Exchange … Read more

REAL ESTATE SPLIT CORP. Announces Overnight Offering

Not for distribution to US Newswire Services or for dissemination in the United States. TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Real Estate Split Corp. (TSX: RS and RS.PR.A) (the “Company”), is pleased to announce that the Company is undertaking an overnight treasury offering of class A and preferred shares … Read more

Morning Bid: A market sweet spot?

Oct 4 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Whisper it, but markets may be in something of a sweet spot right now, opening up the potential for a few weeks of respite and decent-sized rebounds. Ok, maybe a few days until the next crisis rears its head … Read more

Carbon recycler LanzaTech strikes financing deal with Brookfield

NEW YORK, Oct 3 (Reuters) – Carbon recycler LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp (BEPC.N) for a $500 million commitment by the investment firm to finance upcoming projects using LanzaTech’s technology, the companies told Reuters. The cash from Brookfield, provided through its Global Transition Fund, will be used to construct … Read more

China’s Xiaomi says it will protect its business interests after India freezes its assets

MUMBAI, Oct 3 (Reuters) – Chinese smartphone maker Xiaomi Corp (1810.HK) on Sunday said it was “disappointed” with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India’s federal financial crime fighting agency, the Enforcement Directorate, … Read more

India’s gasoil, gasoline sales surge on festive demand

NEW DELHI, Oct 2 (Reuters) – Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier, signaling a pick-up in industrial activity ahead of the festive season from this month, preliminary sales data showed. Local fuel demand – a proxy for oil demand in Asia’s third largest economy – … Read more

Vegetables overpriced in 13 Metro markets – DA

(UPDATE) THIRTEEN public markets in Metro Manila being monitored daily by the Department of Agriculture (DA) have been overpricing their vegetables by at least P20 per kilo, an official said on Saturday. “Based on our daily monitoring in at least 13 markets in Metro Manila, we recorded an increase between P10 and P20 per kilo. … Read more