SEA VIEW
Bollywood actor Ronit Roy buys sea-view luxury apartment in Mumbai’s Versova
Bollywood actor Ronit Roy and his wife Neelam acquired a 4,259 sq ft sea-view apartment in Versova, Andheri from Macrotech Developers for nearly Rs 19 crore. The June 10 deal includes four exclusive parking slots and a stamp duty of Rs 1.14 crore. The 29-storey project will be completed by December 2026. High net-worth individuals, including Bollywood stars like Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, are investing in real estate.
India Ratings’ Devendra Pant on how water shortage can impact economic growth
Devendra Pant, Chief Economist at India Ratings, highlights the long-term impact of water scarcity in India on agriculture, manufacturing, and hydroelectricity production. He emphasizes the need for immediate action by policymakers and citizens to address this critical issue. Pant says water scarcity is going to have an impact. and not only in agriculture, unless we develop or have those seeds and crops that can withstand extreme weather conditions.
What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
The demand trend, combined with the Red Sea re-routings and port congestion in Asia, have counteracted what could have turned into a looming oversupply picture in the world fleet this year, said Rolf Habben Jansen.
India's entry into JPMorgan Bond Index set to benefit real estate & manufacturing: Abhishek Banerjee
Analyzing India's economic shifts from surplus to GDP growth projections, Abhishek Banerjee says the focus lies on potential impacts on export sectors and bond markets, indicating promising growth opportunities in the economy. While India's increased production and exports are positive, the shift necessitates careful sector allocation in the near term to manage potential impacts on export-oriented industries.
Drone-sinking of coal ship takes Red Sea perils to new level
The sinking of a coal-carrier by a sea drone near the Bab el-Mandeb chokepoint has raised navigation risks.
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China competes for influence in the South Pacific
The South Pacific, dotted with small and vulnerable island states, has become a battleground for influence between China and the traditional benefactors of Australia, New Zealand, and the USA.
Is Llandudno the safest city in Britain? What makes it so special?
Llandudno is considered to the safest town in Britain. This sea side town is known for its Victorian architecture and is known to be a laid back town.
Don’t extend ban on de-oiled rice bran beyond July, says SEA
The Government prohibited export of De-oiled Ricebran on July 28, of last year attributing it to the high fodder prices as De-oiled Ricebran is a major component. The ban, which was initially till March 31, 2024, was later extended up to July 31, 2024.
G7 Summit: PM Modi, Zelenskyy discuss Black Sea transport corridor, increase exports of sunflower oil to India
On the sidelines of the G7 Summit, Ukrainian President Volodymyr Zelenskyy met with Prime Minister Narendra Modi in Italy. "The President spoke about the functioning of the Black Sea transport corridor, which makes it possible to increase exports of sunflower oil to India and turnover of other categories of goods," the Ukrainian president's website read.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
ONGC cuts offshore helicopter sorties during monsoon to avoid accidents
India's top oil and gas producer, ONGC, has reduced helicopter sorties to its offshore installations in the Arabian Sea for three months to prevent deadly accidents during the monsoon season. The temporary measure, which is only in effect from June to August, aims to reduce the number of helicopters needed to transport personnel and material to the installations. ONGC does not respond to an email asking why it is following a 21-day cycle when internationally the 28-day cycle is followed.
China defence chief says Beijing ready to 'forcefully' stop Taiwan independence
The remarks at an annual security forum in Singapore followed the first substantive face-to-face talks in 18 months between the two countries' defence chiefs.
US, Chinese defence chiefs meet in Singapore
US and Chinese defence chiefs held talks in Singapore at the Shangri-La Dialogue. Lloyd Austin and Dong Jun met to discuss military dialogue and tensions over Taiwan and other issues.
Chinese vessels maintain presence in East China Sea near disputed Senkaku islands for record 158 days
China's Coast Guard ships have been in the waters surrounding Japanese-controlled islands in the East China Sea for a record 158 days, sparking concerns of hostilities between Japan and China.
Millions of gold coins, jewelry buried in the Caribbean Sea. US, or Colombia, who will take it home?
Millions of gold coins, chests full of jewels and gold, and more than 600 passengers were on the ship 'San Jose' when an English squadron in the Caribbean Sea near Colombia attacked it. What happened afterward?
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
Chinese military practiced Taiwan invasion manoeuvres in 2023, says US general
In the exercises, the People's Liberation Army simulated a maritime and air blockade of Taiwan, amphibious assaults and counter-intervention operations, Deputy Commander of U.S. Indo-Pacific Command, Lieutenant General Stephen Sklenka, said in a speech in Canberra.
Is Anand Mahindra planning to launch a luxury cruise ship? Tycoon drops pic of world’s largest cruise vessel, triggering speculations
Business magnate Anand Mahindra took to his social media handle on Sunday to share a captivating image of a luxurious cruise ship, disclosing that the ship has been fully booked until May 26. Additionally, he expressed his aspiration for India to venture into the creation of its own cruise ships, foreseeing a future where Indians, being one of the largest tourist demographics globally, will contribute significantly to the cruise industry.
Kiran Gems MD Patel buys sea-view luxury pad in Mumbai’s Worli for over Rs 97 crore
Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
Terrorism started to consume those who long practised it: Jaishankar
In an address at an event hosted by the CII, Jaishankar also talked about the power of currency and how "threat of sanctions" are deployed in the "toolbox" of global diplomacy, in remarks that came days after the US warned of sanctions after India and Iran sealed a deal on the Chabahar port.
Ukrainian troops pull out of some areas and Zelenskyy postpones foreign trips amid Russian offensive
U.S. Secretary of State Antony Blinken announced a $2 billion arms package for Ukraine during a visit to Kyiv, aimed at supporting Ukraine in its defense against a new Russian offensive. The package includes funds for medium- and long-term foreign military financing, with most of the money coming from a package approved last month by Congress. Blinken's visit comes as Ukrainian forces face increased pressure from Russian troops in the east. President Zelenskyy has postponed all his upcoming foreign trips in response to the escalating conflict.
Planning a vacation in Goa? Radisson now has a new resort in Mandrem
Radisson Hotel Group unveiled the Mandrem Beach Resort in Goa, a new addition to their Radisson Individual Retreats collection. The resort offers beachfront and riverfront accommodations about 28 km from Manohar International Airport. With luxury suites, proximity to popular beaches, and a range of activities, the resort aims to provide a unique and memorable stay for guests seeking a cultural escape in Goa.
So, what's in China's renames?
China's cartographic activities, from renaming areas in other countries to asserting historical rights in the South China Sea, are part of a larger geopolitical strategy. This approach aims to strengthen China's narrative domestically and internationally, impacting sovereignty disputes.
Red Sea disruption cuts Q2 capacity by 15%-20%, Maersk says
The company, viewed as a barometer of world trade, last week said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year. "The risk zone has expanded, and attacks are reaching further offshore," Maersk said in an advisory to customers on Monday.
View: March madness is coming for the global shipping game
In the low season, global logistics industry negotiates long-term contracts. Game theory is involved. War, pandemics, and financial crises affect shipping. Buyers consider availability of long-term capacity and excess capacity. Shipping rates remain high. Buyers and sellers face the choice of following consumer demand or relying on sentiment.
Show sensitivity to exporters in view of Red Sea crisis: Finmin to PSU banks
Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively amid the Red Sea crisis. Due to longer shipping routes, exporters face higher trade finance and insurance costs. Joshi emphasized the importance of dealing with these issues with sensitivity to avoid denial of services. The Bab-el-Mandeb Strait crisis has led to increased shipping costs and delays, impacting India's merchandise trade with Europe.
View: Of old men & the election sea
Nikki Haley's brave last stand must be noted. Like a good, scrappy Punjabi, she refuses to bow out despite pressure from party leaders. She is running nearly 30 points behind Trump in her home state of South Carolina - not a good look for a former governor before the state primary next month. Her strategy is to stick it out and keep bleeding moderates, especially women. Trump's toxic masculinity may appeal to the Maga crowd, but it repels others.
Ambika Chauhan of Parle buys 2 sea-view luxury flats in South Mumbai
Ambika Chauhan Aibara, from Parle Products' promoter family, purchased two sea-view luxury apartments in Mumbai's Mahalaxmi locality. The apartments are part of the luxury project Raheja Modern Vivarea developed by K Raheja Corp Homes. The recent deals in the tower include purchases by the Halan family and the promoters of Creative Group of Industries. Raheja Modern Vivarea is an under-construction project on a land parcel that previously housed a private textile mill.
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