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Tim Curry’s historic Los Feliz home has come under offer for $7.5 million, just hours after the actor’s death at 80. Curry bought the 1922-built property for $650,000 in 1993 and spent years restoring its original details. The Spanish-inspired residence was later owned by stars including Robert Pattinson, Jim Parsons and Aaron Paul. View More
The recently concluded UNCCD conference in Mongolia set the stage for enhanced global drought resilience with innovative initiatives. Highlighted was a significant $1.3 billion commitment for land restoration and drought resilience projects. The newly introduced Drought Resilience Index will aid nations in evaluating their strategies, while the Drought Resilience Investment Facility seeks to attract public and private funding for impactful projects, aiming to scale solutions worldwide. View More
In River Oaks, Houston lawyer Tony Buzbee has bought a mansion primarily for property expansion. Teaming up with Habitat for Humanity, he aims to salvage valuable construction materials, which will provide substantial support—millions of pounds worth—for affordable housing projects. The planned demolition will allow for the development of a larger private garden estate while enhancing his family's legacy through philanthropic efforts. View More
The housing finance company, through its enforcement and recovery measures, had collected an amount exceeding the amount originally disbursed. View More
NBCC and NHPC have signed an agreement for infrastructure project execution. NBCC will provide project management consultancy and undertake specific NHPC projects. This collaboration covers buildings, structures, and allied works across India. The scope includes design, engineering, and construction of completed projects. View More
New Delhi: State-owned NBCC has signed an MoU to execute NHPC 's infrastructure projects across the country. In a statement on Friday, NBCC said it has signed a Memorandum of Understanding (MoU) with the NHPC for the execution of latter's infrastructure projects, primarily comprising buildings, structures and allied works, on a pan-India basis. Under the MoU, NBCC will provide Project Management Consultancy (PMC) services and undertake specific NHPC infrastructure projects on a deposit work basis. Also read: GMR Group to explore opportunities for airports, adjacent biz in West Asia, Eastern Europe The scope includes design, engineering, project management, procurement, construction, quality control, installation, commissioning, and statutory compliances, along with handing over of completed projects. Live Events "While NHPC brings extensive experience in the hydropower and clean power sectors, NBCC contributes its established expertise in planning and execution of diverse infrastructure projects in accordance with government guidelines," the statement said. NBCC is into PMC and real estate businesses. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries’ much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become India’s largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio Infocomm. View More
Reliance Industries-backed Jio Platforms has moved a step closer to its much-awaited public listing after receiving approval from the Securities and Exchange Board of India ( SEBI ) for its draft initial public offering (IPO) papers. The public issue is reportedly targeting a fundraise of around Rs 37,700 crore, implying a valuation of nearly Rs 9.5 trillion and potentially making it one of the largest IPOs in India. Jio Platforms had filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, setting the stage for what is expected to be one of India's biggest public offerings. Reliance Industries Chairman Mukesh Ambani, speaking at the company's 49th Annual General Meeting (AGM) in June, said the much-awaited Jio listing would be the company's most important “value creation milestone” of the year. Ambani said the IPO would unlock significant value for Reliance Industries shareholders while also providing an attractive investment opportunity for other investors. The IPO will comprise an entirely fresh issue of up to 27 crore shares, with no offer-for-sale (OFS) component. This means the proceeds from the issue will accrue to the company. Up to 50% of the issue will be reserved for Qualified Institutional Buyers (QIBs), while at least 35% will be allocated to retail individual investors. The company has not yet disclosed the portion that will be reserved for eligible Reliance Industries shareholders and employees. Live Events According to the DRHP, Jio Platforms plans to use Rs 27,500 crore, or nearly $3 billion, from the IPO proceeds to prepay certain borrowings of its subsidiary Reliance Jio Infocomm Ltd (RJIL). The remaining proceeds will be used for general corporate purposes. While the final issue size is yet to be disclosed, analysts expect Jio Platforms' IPO to rank among India's largest-ever public offerings. At an expected issue size of around $3 billion, the IPO could surpass Hyundai Motor India's share sale and become the largest listing in India's history. KFin Technologies will serve as registrar to the issue, while the book-running lead managers include Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, CLSA India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, UBS Securities India Private Limited and 360 ONE WAM Limited. Also read: Jio IPO filed: 10 crucial things investors must know about Ambani's $3 billion plan Reliance Industries is Jio Platforms' largest shareholder, with a 66.43% stake. Facebook and Instagram parent Meta holds nearly 10% through its indirectly held subsidiary Jaadhu Holdings, while Google International LLC owns an 8% stake. Other shareholders include Saudi Arabia's Public Investment Fund, KKR subsidiary Omicron Asia Holdings II, Vista Equity Partners Management's VEPF VII AIV I, SLP Redwood Holdings, Mubadala Investment Company subsidiary MIC Redwood 1 RSC, General Atlantic Singapore JP Pte and Platinum Jasmine A 2018 Trust, each holding stakes in the 1–2% range. About Jio Platforms Jio Platforms is a technology platform built on proprietary digital technology and pan-India digital connectivity as its foundational layer, with a focus on driving India's digital transformation by expanding access to digital connectivity and services. According to the company, India's digital economy is expected to reach $1.4 trillion (Rs 125.8 trillion) by fiscal 2031, as per the Analysys Mason Report. Its subsidiary, Reliance Jio Infocomm Limited (RJIL), served 524.4 million customers in India as of March 31, 2026. Jio Platforms combines mobile, fixed broadband and digital services on a unified platform, along with data and customer personalisation. The company positions this as a comprehensive digital gateway through which a significant proportion of Indian consumers access the internet, digital services and emerging technologies, including artificial intelligence (AI). ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Skyways Air IPO allotment is expected to be finalised today after the Rs 582.8 crore issue received an overwhelming 71.25 times subscription. With the grey market premium at around 32%, investors are eyeing potential listing gains ahead of the company’s September 1 debut on the NSE and BSE. View More
The allotment basis for the Skyways Air IPO is expected to be finalised today, allowing investors who subscribed to the Rs 582.8 crore issue to check their allotment status online. The company’s shares are scheduled to make their debut on the BSE and NSE on September 1. The IPO’s grey market premium (GMP) currently stands at around 32%, signalling expectations of a strong listing gain. The issue, which opened for subscription on August 24 and closed on August 27, received an overwhelming response, with the IPO subscribed 71.25 times overall. Retail investors subscribed 25.40 times their allotted quota, while the Non-Institutional Investors (NIIs) category was subscribed 87.24 times. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 139.69 times. The company had fixed the IPO price band at Rs 131–138 per equity share. The Rs 582.8 crore public issue comprises a fresh issue of 2.89 crore shares, aggregating Rs 398.8 crore, and an offer for sale (OFS) of 1.33 crore shares worth Rs 184 crore. The company’s shares are scheduled to be listed on the NSE and BSE on September 1, 2026. Live Events Holani Consultants Pvt. Ltd. is the book-running lead manager for the issue, and Bigshare Services Pvt. Ltd. is the registrar. Investors can verify their allotment through either of the following platforms: 1. Registrar’s Website - Bigshare Services Visit the Skyways Air Allotment page (https://ipo.bigshareonline.com/ipo_status.html)Select Skyways Air from the drop-down menu.Enter your PAN, application number, or DP/Client ID to view allotment details. 2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids) Go to the NSE IPO Allotment pageSelect EquityChoose Skyways AirEnter your application number and PAN. 3. BSE Website ( https://www.bseindia.com/investors/appli_check) Select Equity under issue type.Select Skyways Air from the dropdown.Enter your application number OR PAN number.Fill in the captcha and click Search to view allotment. Anchor Investors: Ahead of the IPO launch, Skyways Air Services raised Rs 174.5 crore from anchor investors, highlighting strong institutional interest in the issue. The company informed the stock exchanges that it had allotted 1,26,48,000 equity shares to anchor investors at Rs 138 per share. Skyways Air IPO GMP today The Skyways Air IPO is currently trading at a grey market premium (GMP) of Rs 44 per share, equivalent to around 32% over the upper end of the IPO price band of Rs 138. Based on the prevailing GMP, the estimated listing price stands at around Rs 182 per share. GMP Note: The grey market premium is an unofficial indicator of investor sentiment and should not be considered a guarantee of the actual listing price or returns. GMP can fluctuate considerably before the stock makes its market debut. Skyways Air Services financial performance Skyways Air Services reported a strong financial performance in FY2026, with both revenue and profitability registering healthy growth. The company’s total income increased 25% to Rs 2,839.67 crore in FY26, compared with Rs 2,270.99 crore in FY25. More notably, profit after tax (PAT) jumped 32% to Rs 63.52 crore, from Rs 48.14 crore a year earlier. About Skyways Air Services Skyways Air Services Limited, or SASL, was incorporated in 1984 and is one of the leading air freight forwarding and logistics companies in India. The range of its logistics solutions mainly comprises air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services. The value-added services of Skyways Air Services Limited include logistics planning and management, cargo handling operations, warehousing and inventory management, documentation and customs clearance, and end-to-end distribution. The company similarly operates a robust, IT-enabled platform to support these services and sustains a strong global network through international alliances and affiliations with organizations such as the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and the Transport Worldwide International Group (TWIG). It has performance-based agreements with leading international airlines such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa that ensure strong connectivity and service coverage across major markets. Skyways Air Services Limited has grown to become a multi-modal logistics player with cold storage facilities around Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo, and an integrated platform to offer air and ocean, road, and express delivery services. As of December 31, 2024, and for the periods ended March 31, 2024, 2023, and 2022, the company and its subsidiaries had 1,035, 950, 840, and 712 employees, respectively. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India-Russia relations are expected to further deepen and expand across areas of bilateral cooperation as the two countries work towards their target of USD 100 billion in bilateral trade by 2030, Russian Deputy Consul General Aleksandr Fursov said. View More
Mumbai (Maharashtra): India-Russia relations are expected to further deepen and expand across areas of bilateral cooperation as the two countries work towards their target of USD 100 billion in bilateral trade by 2030, Russian Deputy Consul General Aleksandr Fursov said. Speaking to the media ahead of the second edition of the Global Impact Forum , scheduled to be held in Mumbai in September, Fursov said the partnership between the two countries was likely to grow stronger across sectors. "I think they will continue to get stronger and to expand and deepen in each and every sphere of our bilateral cooperation. We have this aim of reaching 100 billion dollars trade by the year of 2030, so let's look and see what we can do with that," Fursov said. The USD 100 billion trade target was set by Prime Minister Narendra Modi and Russian President Vladimir Putin during the 22nd India-Russia Annual Summit in Moscow in July 2024, as the two countries sought to expand and make bilateral trade more balanced. Fursov said the upcoming forum would focus more on building conversations and improving understanding between countries rather than primarily serving as a platform for signing agreements. Live Events "It's more about conversation. It's more about talking to each other, get to know each other better and to avoid this lack of information we have right now," he said. The Global Impact Forum Edition II , organised by AP Globale, will be held on September 5-6 at the Taj Mahal Palace in Mumbai under the theme "Civilisational Legacy". The forum brings together participants from business, government, policy and academia, with discussions around investment, entrepreneurship, diplomacy and international cooperation. AP Globale Director Janhavi Pawar spoke to and said the second edition has been designed keeping the BRICS theme in mind, with a focus on soft power and investment in India. Highlighting the business relevance of cultural understanding , Pawar said, "When it comes to soft power it helps retain trade, investments and talent in a country even during geopolitical instability." She said understanding local cultures and sentiments was particularly important for companies entering new markets, adding that the forum aims to build greater understanding and trust between participating countries and delegations. India-Russia bilateral trade stood at about USD 59.86 billion in 2025-26, according to an official bilateral brief, against a record USD 68.7 billion in the previous financial year. The two countries have also been working to address tariff and non-tariff barriers, logistics bottlenecks, payment mechanisms and insurance-related issues to support the USD 100 billion trade goal. They have also agreed to continue developing bilateral settlements using national currencies. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!