Former Indian skipper Virat Kohli shatters another international record. Photo Courtesy: Virat Kohli Instagram page
Indian star batsman Virat Kohli’s dominance in world cricket continues since he shattered Sachin Tendulkar’s record to become the first batsman to reach 27,000 international runs.
He achieved the feat during the ongoing second Test match between India and Bangladesh.
While Sachin completed the record by playing 623 innings, Virat reached the landmark in his 594th innings.
He is the only batsman in the world to reach 27000 international runs by playing under 600 innings.
Former Sri Lankan star Kumar Sangakkara achieved the mark in 648 innings while Australian legend Ricky Ponting did it in 650 innings.
In his bright career with the willow, Virat has now scored 27,012 international runs.
He retired from T20 format earlier this year after India won the World Cup in West Indies.
India is currently playing a home series against Bangladesh.
September 30, 2024,New Delhi, Delhi, India : TECNO offers amazing limited-time deals on its best-selling smartphones including POP 9 5G, POVA 6 Neo, SPARK GO 1, CAMON 20 Premier, CAMON 30, PHANTOM V Flip, PHANTOM X2 and PHANTOM X2 Pro Amazon Great Indian Festival Sale for customers are live from 27th September
Get ready for an epic smartphone shopping spree! TECNO, the global smartphone brand is kicking off the Indian Festive Season with amazing discounts. Partnering with Amazon’s The Great Indian Festival starting September 27, the brand is rolling out unbeatable deals on its top-notch smartphones.
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Housing sales stabilise in top Indian cities, festive quarter to see uptick in demandIANS
After a two-year bull run, residential real estate activity across top cities stabilised in the third quarter (July-September) this year, reaching more that 1.07 lakh units, a report showed on Thursday, adding that the lull was due to monsoon and perceived inauspiciousness (the ‘shraad’ period).
However, sales continued to outstrip new supply in Q3, reflecting continued health in the market. Share of new luxury homes supply (priced Rs 1.5 crore and above) was highest at 33 per cent in the quarter, as per Anarock Group report.
“Housing sales in the third quarter tapered down amid high prices and the monsoon season. As always in this period, the ‘shraad’ period also suppressed demand to an extent as many Indians defer home buying in this period. Overall, the housing market is stabilising after creating a new peak in Q1 2024,” said Anuj Puri, Chairman, Anarock Group.
Developers have several projects lined up during the festive quarter during which, the market is expected to see an uptick in demand.
Mumbai Metropolitan Region (MMR) saw highest sales of nearly 36,190 units in Q3, followed by Pune with 19,050 units.
Mumbai Metropolitan Region (MMR) saw highest sales of nearly 36,190 units in Q3, followed by Pune with 19,050 unitsIANS
“Cumulatively, the two western cities accounted for 52 per cent of the total sales across the top 7 cities in Q3 2024. All the top cities individually recorded a dip in housing sales,” Puri added.
The top seven cities saw new housing supply with about 93,750 units launched in Q3, against 1,16,220 units in the corresponding period in 2023.
“Nevertheless, the fact that sales remained higher than launches indicates that the demand-supply equation remains robust,” Puri noted.
The mid segment (Rs 40 lakh-Rs 80 lakh) contributed a 23 per cent share of the total new supply during the quarter, while the affordable segment’s share fell further to just 13 per cent – the lowest in a quarter.
The inventory decline is largely attributable to sales exceeding new launches in the quarter, the report mentioned.
Average residential prices in the top seven cities collectively saw double-digit growth of 23 per cent against Q3 2023. Hyderabad recorded the highest 32 per cent annual growth, followed by Bengaluru and Delhi-NCR with 29 per cent increases each.
According to the report, residential prices too seem to have peaked out and are now gradually stabilising across cities.
Vintage Coffee Private Limited, a Wholly Owned Subsidiary (WOS) of Vintage Coffee And Beverages Limited (a BSE-listed company), announced a significant strategic milestone with the opening of its first Premium Café Lounge in Navi Mumbai and the launch of its new e-commerce platform. This move marked the company’s expansion into the Indian market and signified a transition from traditional B2B operations to direct consumer engagement.
Vintage Coffee, a renowned name in the global coffee industry, has been manufacturing and exporting Instant Coffee, Roasted Coffee, and Roast & Ground products since 2018. With an impressive track record of acceptance in over 21 countries, the company now aims to bring its unique coffee blends to the Indian market. The new Premium Café Lounge in Navi Mumbai marks the company’s strategic entry into India’s hot beverage segment.
Speaking on the occasion, Mr. Tati Balakrihna, Chairman & Managing Director of Vintage Coffee and Beverages Ltd, stated, “Today’s consumers’ needs and expectations are changing fast. We are confident that this coffee-loving city will have a great experience with the unique blends of Vintage Coffee, from plantation-fresh coffees to the Lounge format café services.” He further added that “the Master franchisees, M/s. Dhruvatara Marketing Private Limited, have extensive experience and aggressive plans for expanding Vintage Coffee Café footprints across Indian cities and commercial centers as needed.”
This significant milestone marks VCBL’s transition from its traditional B2B operations to direct consumer engagement. The new Premium Café Lounge promises an unparalleled coffee experience, delivering VCBL’s renowned rich taste and inviting aroma directly to coffee enthusiasts.
The company is on a growth path by increasing the top line by manifolds in the coming months. Vintage Coffee’s new venture is set to blend the freshness of plantation coffee with over 100 years of collective expertise in coffee processing. This commitment ensures a high-quality coffee experience that meets the expectations of discerning Indian consumers.
Vintage Coffee Private Limited is dedicated to producing and exporting high-quality coffee products globally. With a focus on excellence and a rich heritage of expertise, Vintage Coffee aims to deliver premium coffee experiences to discerning consumers.
New York, Sep 21 (IANS) Boosting its international presence, Indian hospitality major Oyo’s parent company Oravel Stays is acquiring Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone in a $525 million cash deal, the US firm said on Friday.
With the acquisition of G6 Hospitality, parent company of the two budget lodging chains, Oyo will become a major player in the US and Canadian hospitality industry, which is already dominated by Indian Americans.
Blackstone said that Motel 6’s franchise network produces gross room revenues of $1.7 billion.
Motel 6 is ubiquitous across the US and Canada known for its relatively cheap rooms that, however, conform to the corporate standards in maintenance and hospitality.
Stay 6 is an extended stay network for guests who want to rent rooms with more facilities for longer periods.
Oyo International CEO Gautam Swaroop said that the group will continue to operate as a separate entity.
“This acquisition is a significant milestone for a startup company like us to strengthen our international presence”, he said.
“Motel 6’s strong brand recognition, financial profile and network in the US combined with Oyo’s entrepreneurial spirit will be instrumental in charting a sustainable path forward for the company”, he said.
Blackstone said, “Oyo will leverage its comprehensive technology suite as well as its global distribution network and marketing expertise to further strengthen the Motel 6 and Studio 6 brands and drive continued financial growth”.
Since its launch in the US in 2019, Oyo has steadily increased it portfolio and now operates 320 hotels– about 100 acquired last year – in 35 states, according to Blackstone.
There are 108,000 hotels and motels in the US, and, according to the Asian American Hotel Owners Association, Indian American entrepreneurs own about 60 per cent of them.
A large number of Motel 6 facilities are already run by Indians.
Blackstone bought Motel 6 from the French hotel company Accor in 2012 for $1.9 billion.
While selling the company for only $525 million may seem a bad deal, the travel industry publication Skift, said that in fact Blackstone made a sizeable profit by selling off many of the properties it acquired.
“Blackstone managed to more than triple its investors’ capital and generate over $1 billion in profit by investing $900 million in improving the properties and then selling off hundreds of them”’ the publication said.
When it was founded in 1962, Motel 6 got its name for the $6 price of hotel rooms at that time.
Cover photo by Marek Slusarczyk, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=152762049
Train Cancelled: If you are also going to travel by train in the next few days, then be careful. Otherwise, you will suffer a loss. Check the list of cancelled trains once before going on a journey.
Train Cancelled: Crores of passengers travel by Indian Railways every day. For whom Indian Railways runs thousands of trains. But sometimes the railways have to stop the wheels of the trains. And if we look at the past few years, the railways have cancelled many trains for many different reasons. Due to which many passengers will have to face trouble. If you are also going to travel by train in the next few days. Then be careful. Otherwise you will suffer loss. Check the list of cancelled trains once before going on a journey.
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Trains got cancelled due to this reason
According to the information received from South East Central Railway, the railway is currently getting several works done at some railway stations of this route. And due to this, the railway has had to cancel trains at some places. In the information given by the railway management, it has been said that due to various development works, Bilaspur Railway Division has completely canceled about 9 trains. So along with this, the routes of some trains have also changed. According to the information, from September 26 to September 29, the movement of trains between Bhatapara and Hathband railway stations of Bilaspur Division will be affected.
These trains were canceled
Train number 08727 Bilaspur-Raipur MEMU special will remain canceled on 26 September
Train number 08719 Bilaspur-Raipur MEMU Special has been cancelled on 26th and 29th September.
Train number 08261 Bilaspur-Raipur Passenger Special will remain canceled on 27 September
Train number 08275 Raipur-Junagadh Road Passenger Special will remain cancelled2
Train number 08276 Junagadh – Raipur Road Passenger Special will remain canceled on 8 September
Train number 08280 Raipur-Korba Passenger Special has been cancelled on 28 September.
Train number 08728 Raipur-Bilaspur MEMU special will remain canceled on 29 September
Train number 08734 Bilaspur-Gevra Road MEMU Special will remain cancelled on 29 September.
Train number 08733 Gevra Road – Bilaspur MEMU Special will be canceled on 29 September
these trains will run late
Train number 12860 Gitanjali Express departing from Howrah Chhatrapati Shivaji Maharaj Terminus will run 2 hours late on 26 September. Apart from this, train number 22894 Howrah Sai Nagar Shirdi Express departing from Howrah will run 2 hours late on 26 September.
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Hyderabad: Mobil, a leader in automotive lubricants, associated with Racing Promotions Private Limited (RPPL) for India’s first-ever night street race in Chennai during the ‘Indian Racing Festival 2024’ at the city Formula Racing Circuit on August 31 and September 1. This landmark event marked Mobil’s third year of association with the Indian Racing Festival, showcasing a spectacular combination of speed, skill, technology and performance.
As the official lubricant partner for both the Indian Racing League and the Formula 4 Championship, Mobil underscored its commitment to advancing Indian motorsports, aligning with its focus on ‘Performance by Mobil 1’. The festival, organized by RPPL, has five exciting rounds across the country all the way through November 2024. This event also celebrated Mobil 1’s 50-year presence in India.
Vipin Rana, CEO – ExxonMobil Lubricants said, “We are honoured to be a part of the India Racing Week, an event that not only demonstrates our dedication to advancing global motorsports but also accelerates the future of racing in India. In the last three years, we have empowered racers and enthusiasts with the confidence provided by Mobil products, enabling them to unlock their potential.
Akhilesh Reddy, Chairman of RPPL, added, “We are incredibly proud of this association with Mobil and thrilled to bring India’s first night street race to life. The excitement and energy of night racing have added a new dimension to the festival, showcasing the talent and passion of our racers. Congratulations to all the teams of F4 and IRL for their remarkable performance, and we look forward to continue the same momentum in the future.”
The festival attracted significant attention, with celebrity team owners such as Bollywood stars John Abraham and Arjun Kapoor, cricket legend Saurav Ganguly, and actor Naga Chaitanya contributing to its high profile
The event concluded with a grand award ceremony, celebrating the exceptional performances of the winning teams and individuals, and further cementing Mobil 1’s role in driving the future of motorsport in India.
Vodafone Idea has finalized a deal worth $3.6 billion with global partners Nokia, Ericsson, and Samsung. The deal, which was announced on September 22, is aimed at supplying network equipment over a span of three years, thereby strengthening Vodafone Idea’s footprint in the country. The deal is a crucial step in the rollout of Vodafone Idea’s transformative three-year capex plan, which is valued at $6.6 billion.
We have kickstarted the investment cycle. We are on our journey of VIL 2.0 and from hereon, VIL will stage a smart turnaround to effectively participate in the industry growth opportunities, said Akshaya Moondra, CEO, Vodafone Idea. The capex program is primarily directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets, and capacity expansion in line with data growth.
This ambitious plan is set to revolutionize the telecom landscape, offering enhanced customer experience with the latest state-of-the-art equipment. We look forward to working closely with all our partners as we move into the 5G era, Moondra added, highlighting the company’s commitment to leveraging the latest technology for its operations. The contracts will allow the telecom player to capitalize on the latest state-of-the-art equipment, offering an enhanced customer experience.
IANS
In addition to enhancing customer experience, the new equipment will also lead to efficiency gains in energy, thus lowering operating costs. The supplies against these new long-term awards will start in the coming quarter, marking a new chapter in Vodafone Idea’s operations. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the company stated, underlining its commitment to bridging the digital divide in the country.
This expansion is expected to result in a 15 per cent boost in capacity and an increase in population coverage by 16 million by September. Post the recent equity raise of Rs 240 billion and additional spectrum acquisition of Rs 35 billion in June 2024 auction, the company has also executed some quick win Capex, while simultaneously working on concluding these long-term contracts.
In a similar vein, the company is also in advanced stage of discussions with its existing and new lenders to tie up Rs 250 billion of funded and Rs 100 billion of non-fund-based facilities. This move is expected to further strengthen its financial position, enabling it to navigate the competitive telecom landscape with greater agility.
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on June 15, 2022. (Xinhua/Liu Jie/IANS)IANS
After a sideways start, the Indian benchmark indices gained momentum this week after a surprise 50 bps rate cut by the US Fed Reserve, as Sensex crossed 84,000 for the first time and Nifty hit a new all-time high.
As per market watchers, the apprehension of a slowdown in growth was eased slightly after the lower-than-expected US jobless claim and data pointed to a soft landing of the US economy at the start of the rate cut cycle. The ongoing bullish momentum is like to take Nifty towards 25,900-26,000 levels.
On the upside, 26,000 will act as an immediate hurdle for Nifty. “On the downside, 25,500 will serve as an immediate support for Nifty followed by 15-DEMA support, which is placed near 25,300 levels. As long as Nifty stays above 25,600, a ‘Buy on Dips’ strategy is advisable for traders,” said Hrishikesh Yedve from Asit C Mehta Investment Interrmediates.
Following the Fed’s rate revision, Indian markets have seen renewed buying interest, particularly in sectors that had previously experienced selling pressure. “The resilience of the Indian markets is providing additional strength to the rupee. Key support levels for the rupee are seen at 83.60-83.65, while resistance lies in the range of 83.40-83.30,” said Jateen Trivedi from LKP Securities.
The rupee traded positively with gains of 0.10 at 83.53, supported by continued weakness in the dollar index, which is trading at 52-week lows.
Analysts saw a sectorial rotation among investors to large caps, especially in consumption, staples, auto, finance, and realty. In the short term, investors are being cautious on export-oriented sectors like pharma and IT due to depreciation in the dollar, they added.
Gold traded very positively, reaching an all-time high in Comex above $2,610, driven by strong liquidity inflows from the US Fed following a significant rate cut. Analysts said that the outlook for gold continues to favour upward momentum, with further rate cuts likely boosting prices.
Indian equity indices, Sensex and Nifty, surged due to positive cues from Asian and US markets.
Midcap and smallcap stocks also saw a rise, indicating a broad-based rally and buoyant investor sentiment.
Top gainers included JSW Steel, Tata Steel, and M&M, while Titan, Axis Bank, and Tata Motors were among the top losers.
The market’s trajectory will be influenced by global cues, monetary policy decisions, and the buying/selling position of institutional investors.
The bustling financial hub of Mumbai witnessed a positive start to the Indian equity indices on Friday, September 20. This optimistic beginning was largely influenced by encouraging cues from Asian and US markets, reflecting the interconnectedness of global financial markets.
As of 9.46 a.m., the Sensex, a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange, was up by 82 points or 0.10 per cent, standing at 83,267.
Concurrently, the Nifty, a benchmark Indian stock market index for the equity market, was up by 40 points or 0.16 per cent, standing at 25,455.
Midcap and Smallcap Stocks Witness Buying Interest
The positive trend was not confined to the large-cap stocks alone. The midcap and smallcap stocks also witnessed buying interest. The Nifty midcap 100 index, which represents the midcap segment of the market, was up by 313 points or 0.53 per cent, standing at 59,665.
Similarly, the Nifty smallcap 100 index, representing the smallcap segment, was up by 137 points or 0.72 per cent, standing at 19,282. The green wave was seen across almost all sectoral indices.
The sectors that emerged as major gainers included Auto, PSU Bank, Financial Services, FMCG, Metal, Realty, Energy, and Infrastructure. This broad-based rally underscores the buoyant investor sentiment prevailing in the market.
Market Analysis and Global Trends
In the Sensex pack, several companies emerged as top gainers. These included JSW Steel, Tata Steel, M&M, Maruti Suzuki, Bharti Airtel, L&T, Nestle, Reliance, Bajaj Finserv, HUL, Sun Pharma, SBI and Kotak Mahindra Bank. On the other hand, Titan, Axis Bank, Tata Motors, NTPC, Bajaj Finance, IndusInd Bank, TCS and UltraTech Cement were among the top losers.
Hardik Matalia, a Derivative Analyst, offered his perspective on the market movement. He stated, After a positive opening, Nifty can find support at 25,350 followed by 25,300 and 25,250. On the higher side, 25,500 can be an immediate resistance, followed by 25,600 and 25,650. His analysis provides valuable insights into the potential trajectory of the Nifty.
Institutional Investors and Market Movement
The bullish sentiment was not confined to the Indian market alone. Most of the markets in Asia, including Tokyo, Hong Kong, Seoul and Bangkok, were also in the green. However, the markets of Shanghai and Jakarta were trading in the red. The US markets had closed in the green on the previous day, Thursday. The yen, the official currency of Japan, remained volatile ahead of a Bank of Japan monetary policy decision.
IANS
Traders were eagerly anticipating clues about potential tightening. This was significant in light of Japan’s consumer price index inflation aligning with expectations in August, indicating higher wages and increased consumption. On September 19, the foreign institutional investors (FIIs) turned net sellers as they sold equities worth Rs 2,547 crore. On the other hand, domestic institutional investors extended their buying as they bought equities worth Rs 2,012 crore on the same day.
In conclusion, the performance of the Indian equity market on September 20 was a reflection of the broader trends in the global financial markets. The positive opening, the broad-based rally, and the buying interest in midcap and smallcap stocks all point towards a buoyant investor sentiment.
Vintage Coffee Private Limited, a Wholly Owned Subsidiary (WOS) of Vintage Coffee And Beverages Limited (a BSE-listed company), announced a significant strategic milestone with the opening of its first Premium Café Lounge in Navi Mumbai and the launch of its new e-commerce platform. This move marked the company’s expansion into the Indian market and signified a transition from traditional B2B operations to direct consumer engagement.
