EXCHANGE WAREHOUSES
Copper hits lowest in more than five weeks on firm dollar
London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.
Memorial Day 2024:Will US stock markets remain open? Know the trading schedule
Memorial Day holds great significance in the United States, as it is a holiday dedicated to honoring and remembering the men and women who have made the ultimate sacrifice while serving in the U.S. military.
In the fight between bulls and bears, these set of companies always win: 4 stocks with upside potential of up to 21%
Recently the finance minister, Nirmala Sitharaman spoke about the risk of unchecked explosion of future and option trading. Before that, there was a SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money; only 10% are able to make profit. But there is another side to the story. First is that trade volumes in this segment are only going to rise. Second, what is the common between both the losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Yes, policy makers will bring in more checks, but the hard fact is that those checks will only be partially effective for a short period of time as the turnover in the F&O will continue to rise for the foreseeable future. One can control anything, but not the hope and greed on the street.
Meet Seera: Saudi Arabia's all-women psychedelic rock band that is challenging conservatism with music
Seera, an all-women psychedelic rock band in Saudi Arabia, is breaking cultural barriers and redefining artistic expression in a traditionally conservative society. Led by vocalist Nora, their recent performance in Riyadh symbolized a significant shift in Saudi Arabia's cultural landscape. Fusing traditional Arabic melodies with modern psychedelia, Seera's music reflects newfound freedoms for women. Their journey mirrors the country's evolving attitudes, inspired by reforms under King Salman and Crown Prince Mohammed bin Salman.
Strata to apply for SM REITs license to broaden fractional ownership platform
Strata, India's top CRE investment platform, has applied for SM REITs license per SEBI regulations to migrate eligible assets and target Rs 2000 crore AUM by FY25. SEBI's 2023 FOP model for assets over Rs 50 crore expands opportunities, boosting investor trust. Strata aims to democratize CRE investment for retail investors.
CDSL opens record 1.09 crore Demat accounts in Q4
On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. The total standalone income reported by the company for FY24 stood at 743 crore, which was a 37% YoY jump. On the consolidated basis, the total revenue stood at Rs 907 crore which was 46% higher than what it reported in the yea
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ADIA, KKR book a $1.5b space in Reliance Retail warehouse
ADIA and KKR invest $1.5 billion in RRVL's warehousing assets, managed by RPPMSL. RRVL transfers assets to RLWH. Financial details include debt, NCDs, and equity. RRVL's growth supported by investments and strategic partnerships.
Workplace injury reports show slight rise among top 1,000 listed companies
According to recent data from Prime Database, shared exclusively with ET, 268 companies reported 5,244 work-related injuries to white-collar employees in 2022-23, compared to 392 companies reporting 9,867 injuries to blue-collar workers during the financial year.
Metal traders see price rising after LME Russia ban
But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumped onto the LME.
NDR InvIT Trust lists on National Stock Exchange
NDR InvIT Managers Private Limited is the Investment Manager and Axis Trustee Services Limited is the Trustee for the NDR InvIT Trust.
MCX launches first-ever Steel Rebar Futures in India, begins trading with 3 contracts
The Steel Rebar contracts, outlined in accordance with the Exchange's Rules, Bye-Laws, and Business Rules, bring forth standardized specifications and trading parameter.
Thousands loot UN aid warehouses in Gaza as death toll tops 8,000 and Israel widens ground offensive
Thousands of people broke into aid warehouses in Gaza to take flour and basic hygiene products, a UN agency said on Sunday, in a mark of growing desperation and the breakdown of public order three weeks into the war between Israel and Gaza's militant Hamas rulers.
RIL transfers Rs 5,150 crore to warehouse InvIT fund
Reliance Industries (RIL) transferred Rs 5,150 crore to its InvIT (Infrastructure Investment Trust) entity, focusing on monetizing warehousing and logistics assets from Reliance Retail. This move allows RIL to leverage its retail backend infrastructure. The funds will support the acquisition of warehousing and logistics-related assets through a special-purpose vehicle, enhancing the company's supply chain and logistics capabilities.
ESR expands logistics footprint in Nagpur, plans 1.4-million-sq-ft park on 58 acres
ESR Group, a real estate services and investment company focused on the Asia Pacific region, is planning to develop a large logistics park in Nagpur, India. The park will span 1.4 million square feet and accommodate 10 buildings, catering to the needs of e-commerce, retail, and third-party logistics sectors. ESR Group will invest over Rs 400 crore ($54 million) in the construction and development of the park, which will be its second logistics park in Nagpur and twentieth in India.
Copper subdued on Fed watch, China demand concerns
Concerns that faltering post-pandemic economic rebound in China, the world's top metals consumer, could dampen demand and rising inventories in exchange warehouses are also dragging copper prices lower.
Warehousing company NDR buys land across cities, plans infrastructure investment Trust
"The total cost of development, including land, amounts to approximately ₹500 crore, and all payments have been completed with the land being duly registered. The company is also in discussions with both global and domestic partners about securing long-term capital. We anticipate finalising the transaction by October this year," stated Krishnan S Iyer, CEO, NDR InvIT.
US states ask SEC to check if Shein complies with forced labor rules
Amid rising friction between Washington and Beijing, the letter, sent to the SEC last week, added to pressure on Shein as China hawks in Congress target Chinese firms that do not align with US foreign policy goals.
EU wheat at 3-1/2 month high as Ukrainian Danube grain warehouses attacked
European wheat prices jumped to 3-1/2 month highs on Monday after Russia attacked Ukrainian grain warehouses on the Danube River, a vital inland export route and a major escalation of attacks on Ukraine's grain export infrastructure.
Fantastic 4 multibagger stocks that have given at least 25% return in last 4 years. Will history repeat?
Four consistent performers in the Indian stock market have been identified through a screener search, each having delivered over 25% annual return over the last four financial years. Among the firms is Mumbai-based water and environment management specialist Ion Exchange, whose shares have risen by 892% over the four years, while Gujarat Themis Biosyn has surged by 1,904%. Also featured are Timken India, which rose 386% in the four years, and JB Chemicals and Pharmaceuticals, whose shares have risen by over five times.
Amazon beats all 18 shareholder-led proposals at annual meeting
The total exceeded Amazon's 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights, union rights, gender and racial pay and animal welfare standards.
Shopify sells shipping service firm Deliverr, other assets amid narrowing ambitions
Most of Shopify's fulfillment assets will be acquired by logistics provider Flexport in an all-stock deal that also includes the sale of the shipping service company Deliverr, the company said. Shopify bought Deliverr just last year for $2.1 billion.
Amazon launches Anti-Counterfeiting Exchange to identify and track counterfeiters
Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters off their platforms and fake merchandise from entering their warehouses.
Future Retail Limited seeks access to stores, warehouses
The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan default. The Insolvency and Bankruptcy Code (IBC) time frame for resolution is 330 days, inclusive of the time taken for litigation.
Future Retail requests NCLT for gaining access to the inaccessible stores and warehouses
The company's resolution professional also requested the bankruptcy court to exclude 90 days from the company’s corporate insolvency resolution process (CIRP) period.
How Blinkit is integrating with Zomato’s Hyperpure after its long-awaited acquisition
Blinkit is expected to shut most of its own backend fulfilment warehouses and merge them with Zomato’s business-to-business restaurant supply business Hyperpure, two people aware of the matter told ET.
Amazon issued 13,000 disciplinary notices at single US warehouse
In a single year ending April 2020, the company issued more than 13,000 so-called “disciplines” in Gerald Bryson’s warehouse alone, one lawyer for Amazon said in court papers. The facility had about 5,300 employees around that time.
Ascendas India to acquire 3.30-lakh-sq-ft Navi Mumbai warehouse for Rs 215 crore
Singapore-based Ascendas India Trust, through its trustee-manager Ascendas Property Fund Trustee, has entered into an agreement to acquire a 3.30 lakh-sq-ft warehouse at the Arshiya Free Trade Warehousing Zone at Panvel in Navi Mumbai from Arshiya Group for Rs 215 crore.
Europe is desperate for aluminum and traders are getting creative
With demand booming, any further supply disruptions would be a big blow to manufacturers who are already paying steep prices to get hold of spot metal.
Mahindra Logistics soars 9% on warehouse facility deal with LOGOS
The transaction represents the country’s largest warehousing facility in a single park and according to the pact, LOGOS will set up 3 grade-A warehouses at its Luhari Logistics Estate.
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