Monday, September 21
Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has secured the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution process.The consortium’s resolution plan, involving a total settlement of Rs 919 crore, was cleared by the CoC, with the Resolution Professional issuing a formal Letter of Intent (LoI) on the same day.This marks another high-profile acquisition of a stressed asset in Mumbai’s luxury hospitality and retail real estate space.HHPL’s key asset is a prime 1.85-acre land parcel in Mumbai’s upscale Juhu area, overlooking the Arabian Sea. The proposed acquisition aligns with Oberoi Realty and Shree Naman Developers’ core focus on premium real estate development and strength
US President Donald Trump said Tuesday that he had struck a deal with Indonesia -- without providing specifics of the agreement -- a week after threatening steeper tariffs on the Southeast Asian country."Great deal, for everybody, just made with Indonesia," Trump wrote on his Truth Social platform, saying that he worked with the country's president directly. "DETAILS TO FOLLOW!!!"The Trump administration has been under pressure to finalize trade pacts after promising a flurry of deals, as countries have sought negotiations with Washington to avoid Trump's tariff threats.But the US president has so far only unveiled deals with Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat levies with China.Last week, Trump renewed his threat of a 32 percent levy on Indonesian
The Indian market is likely to consolidate on Tuesday, tracking mixed global cues.The Nifty future closed negatively with losses of 0.20% at 25,173 levels on Monday. India VIX was up 1.3% to close at 11.98 in the previous session.On the options front, the maximum Call OI is at 25,500 and then at 25,300 strikes, while the maximum Put OI is at 25,000 and then at 25,100 strikes.Call writing is seen at 25,100 and then at 25,200 strikes, while Put writing is seen at 25,100 and then at 25,000 strikes.“Options data suggests a broader trading range in between 24,600 to 25,600 zones while an immediate range between 24,800 to 25,300 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty formed a bearish candle on the daily frame on Monday and has
