Tuesday, August 25
The United States has intercepted an oil tanker off the coast of Venezuela in international waters, U.S. Homeland Security Secretary Kristi Noem confirmed Saturday, a move that comes just days after U.S. President Donald Trump announced a "blockade" of all sanctioned oil tankers entering and leaving Venezuela. It's the second time in recent weeks that the United States has gone after a tanker near Venezuela amid a large U.S. military build-up in the region. Noem confirmed the Coast Guard intercepted a tanker that was last docked in Venezuela. "The United States will continue to pursue the illicit movement of sanctioned oil that is used to fund narco terrorism in the region," she said in a statement posted to social media. "We will find you, and we will stop you." Three U.S. offici
Mumbai, As malls in western countries brace for an existential crisis, global capital is pivoting toward a market that seems to defy every global retail trend - India, according to real estate consultancy firm Anarock.While the US has witnessed a net closure of nearly 1,200 mall stores since 2020, with rising vacancies forcing almost 40 per cent of empty malls to undergo rezoning or repurposing, India is experiencing a retail resurgence driven by strong consumer demand and growing institutional investor confidence, Anarock said this week.According to Anuj Kejriwal, CEO, Retail Leasing and Industrial and Logistics, Anarock Group, Indian malls are set to see over USD 3.5 billion in capital inflows over the next 3 years."88+ foreign brands have entered the Indian retail market and are seeking
WASHINGTON -- When President Donald Trump hosted the crown prince of Saudi Arabia last month, he pulled out all the stops. To the traditional pomp of a formal White House visit, he added a few even fancier touches: a stirring military flyover, a procession of black horses and long, regal tables for the lavish dinner in the East Room instead of the typical round tables.For surprised White House veterans who were paying attention, the unusual flourishes looked a little familiar. Just two months earlier, King Charles III of Britain welcomed Trump for a state visit that included, yes, a stirring military flyover, a procession of black horses and a long, regal table for the lavish dinner in St. George's Hall at Windsor Palace.In his first year back in office, Trump has unabashedly adopted the t
Inox Clean Energy Limited has acquired Vibrant Energy, a Macquarie-owned renewable energy independent power producer (RE IPP), Inox said on Sunday. The deal has valued Vibrant at $200 million (equity), said sources.Vibrant, with a total portfolio of 1.3 GW, of which 800 MW is in operation, has long-term PPAs with global blue-chip commercial and industrial (C&I) customers having a weighted average tenure of 20 years, it said.On Sunday, the company announced the execution of definitive agreements with Macquarie Corporate Holdings Pty Limited and other shareholders to acquire Vibrant Energy. The projects are located across multiple Indian states including Madhya Pradesh, Maharashtra, Karnataka, Telangana and Andhra Pradesh. With its integrated platform combining renewable power generation
