Author name: Lisl News Desk

News Desk

BLS International Acquires Dubai's Citizenship Invest to Expand Visa Programs

BLS International Acquires Dubai’s Citizenship Invest to Expand Visa Programs

/ Indian Market /

BLS International, a visa application service provider, announced the acquisition of Dubai-based Citizenship Invest (CI) for $31 million (Rs 260 crore), marking a strategic move to enhance its offerings in citizenship and residency programs. The deal is subject to regulatory approvals and will be funded through internal accruals. Meanwhile, the shares of BLS International fell […]

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US Companies Shift Focus from China to India Amid Rising Tensions, Says Report

US Companies Shift Focus from China to India Amid Rising Tensions, Says Report

/ Global Market​​ /

A recent report by the American Chamber of Commerce in Shanghai highlights how growing US-China trade tensions and China’s slowing economy are pushing many companies to look for alternative markets like India and Southeast Asia. The 2024 China Business Survey, released on September 12, shows that 40% of companies are redirecting investments originally planned for

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Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds

Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds

/ Indian Market /

The Adani Group has strongly refuted claims made by an investigative news outlet, Gotham City, that Swiss authorities have frozen more than $310 million in bank accounts linked to the conglomerate as part of a money laundering investigation. The report suggested that funds were seized across multiple Swiss accounts in connection with investment structures tied

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Nazara Technologies to Invest Rs 982 Crore in PokerBaazi Parent to Boost Skill Gaming Presence

Nazara Technologies to Invest Rs 982 Crore in PokerBaazi Parent to Boost Skill Gaming Presence

/ Indian Market /

On September 12, Nazara Technologies announced its largest-ever investment of Rs 982 crore into Moonshine Technology, the parent company of PokerBaazi, one of India’s leading online poker platforms. This move aims to strengthen Nazara’s position in the online skill-gaming sector significantly. The deal will see Nazara initially acquire a 47.7% stake in Moonshine Technology for Rs

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ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain

ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain

/ Indian Market /

The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone. Despite the

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Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore

Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore

/ Indian Market /

On September 12, a strong rally on Dalal Street pushed the BSE’s market capitalisation up by over Rs 6.5 lakh crore, as both benchmark indices surged to new record highs. The Sensex crossed the 83,000 mark for the first time ever, closing at 82,962, a rise of 1.77% or 1,440 points. The total market capitalization

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Arkade Developers IPO

Review of Arkade Developers Limited IPO: Lot Size, Check Issue Date, Price

/ IPO News /

Arkade Developers IPO Price: ₹121 to ₹128 per shareIPO Dates: 16 September 2024 – 19 September 2024 Company Overview Arkade Developers Limited is a prominent real estate development company focused on high-end residential projects in Mumbai, Maharashtra. Established on May 13, 1986, Arkade has grown into one of the leading real estate firms in the

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Northern Arc Capital IPO

Review of Northern Arc Capital Limited IPO: Lot Size, Check Issue Date, Price

/ IPO News /

Northern Arc Capital IPO Price: ₹249 to ₹263. per shareIPO Dates: 16 September 2024 – 19 September 2024 Company Overview Founded in 2009, Northern Arc Capital Limited (NACL) is a diversified financial services platform that focuses on catering to the diverse retail credit requirements of underserved households and businesses in India. Over the past 15

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Adani Ports Stock in Focus After Signing Concession Agreement for Multipurpose Terminal at Deendayal Port

Adani Ports Stock in Focus After Signing Concession Agreement for Multipurpose Terminal at Deendayal Port

/ Indian Market /

Adani Ports’ shares are in the spotlight after the company signed a concession agreement with the state-owned Deendayal Port Authority to develop and operate a 5.7 million tonne (mt) capacity multipurpose terminal at the Deendayal Port in Kandla, Gujarat. The terminal will handle clean cargo, including containers, under a 30-year contract won by Adani Ports

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SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of Three Engines

SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of 3Engines

/ Indian Market /

SpiceJet’s shares are expected to face continued downward pressure for the second consecutive day on September 12, following the Delhi High Court’s decision to uphold an earlier order grounding three leased aircraft engines. The legal dispute involves unpaid dues to two French lessors, Team France 01 SAS and Sunbird France 02 SAS, amounting to over

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