Share to Twitter Share to Linkedin When the Pentagon revised its defense strategy to focus on China in 2018, no military service moved faster than the Marine Corps to begin making changes. Incoming Commandant General David Berger declared in his initial guidance the following year that Marines needed to be trained and equipped “to operate inside actively contested maritime spaces” in support of other naval forces. This wasn’t a new mission for the Corps, but because the spaces Berger had in mind were first and foremost in the Chinese littoral, the potential danger was unprecedented. China has been fielding increasingly capable antiship and antiaircraft missiles along its coast for some time, along with the overhead surveillance systems needed to find and track hostile forces. Other nations are doing the same, but not on the scale of China’s efforts; combined with Beijing’s huge naval shipbuilding program, the new missiles and sensors present a … [Read more...] about The Marine Corps’ Light Amphibious Warship Seems To Be Faltering. Here Is A Novel Solution.
Shipping corp of india
Adani Group chairman Gautam Adani Touting February 3, 2023, as an eventful day might be an understatement for the Adani Group. A stunning recovery from the worst-ever intraday fall in Adani Enterprises' stock to Finance Minister Nirmala Sitharaman's first comments on the entire Hindenburg-Adani fiasco , there was a lot of action. After falling 35 percent intraday, Adani Enterprises closed in the red on NSE – down 2 percent – while on BSE it was over a percent higher. Adani Ports closed 5 percent higher on the NSE at Rs 488.40 after falling to Rs 395 intraday. ACC and Ambuja Cements gained 5 percent and 4 percent, respectively. Meanwhile, Adani Total Gas and Adani Wilmar ended at a 5 percent lower circuit. Here's a recap of all that happened, starting from pre-market developments ASM Framework Read More Pre-market open, the big news was National Stock Exchange (NSE) placing Adani Enterprises, Adani Ports and Ambuja Cements under an additional … [Read more...] about Adai Group stocks: A recap of everything that happened on February 3
Gautam Adani. The business empire of Gautam Adani is in mayhem, losing more than $100 billion in value and sending the Indian tycoon tumbling down the global rich list after allegations of major accounting fraud. - Who is Gautam Adani? - Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich. Moving to Mumbai in his teens to work sorting diamonds, he formed his own import-export business. His big break came in 1995 when he acquired a shipping port just as India's economy was opening up. Today, Adani Group has interests in everything from power generation and Australian coal mines to cement, media, food and Israeli ports. Its seven main listed units had a combined market value in January of around $220 billion. Read More The meteoric rise in the share prices of Adani's units -- the flagship Adani Enterprises rose more than 1,000 percent in five years -- has helped make Adani fabulously wealthy and fund further … [Read more...] about Why is Gautam Adani’s Indian empire in turmoil?
Mindspace Business Parks REIT has raised Rs 100 crore debt for working capital requirements. In a regulatory filing, Mindspace Business Parks REIT informed that it has completed an issuance of commercial papers of Rs 100 crore for a maturity of three months at an interest rate of 7.2 per annum. The funds will be utilised towards the working capital requirements of Mindspace REIT's asset SPVs (special purpose vehicle). Loan to value of Mindspace REIT stood at 16.8 percent as on September 30, 2022. In September this year, capital markets regulator Sebi allowed Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to issue commercial papers. The move would enable REITs an additional short-term fundraising avenue through shorter tenor instruments at a potentially lower interest cost and swifter timelines. "After successfully exploring capital market fundraising through issuance of multiple debentures, we are glad to be the first Indian REIT to … [Read more...] about Mindspace Business Parks REIT raises Rs 100 cr debt for working capital requirements
Share to Twitter Share to Linkedin Gasoline prices are rising again – up more than 30 cents a gallon in the past month and around 15 cents in the last two weeks alone. Motorists should brace for more pain. One reason is that the global market for refined products is about to be upended by the latest European Union (EU) sanctions on Russia’s petroleum industry. On February 5, the EU will ban imports of Russian refined products like diesel, jet fuel, gasoline, and heating oil. While global oil markets have recently handled a similar ban on Russian crude imports quite well, these product sanctions could be far more disruptive. Markets for refined fuels are much more complex than for crude, with refineries configured to process certain types of feedstock crudes and to manufacture varying slates of products, depending on regional demand patterns. The issue for Europe is that it relies on Russia for about 40 percent of its refined product imports and … [Read more...] about EU’s Ban On Russian Diesel To Stoke Turmoil In Global Fuel Markets
A trade group of local exporters of garments and hard goods such as furniture and footwear is set to promote Philippine-made products to Japanese buyers during the official visit of President Marcos Jr. to Japan next week, aiming to recapture a market worth about $250 million a year. Foreign Buyers Association of the Philippines (Fobap) president Robert Young told the Inquirer that he would be joining the Philippine leader’s trade delegation in Tokyo, where he is set to make a pitch to Japanese firms. “Our biggest buyer then was Yasuda, [which is] now buying from Thailand, India, Vietnam, and China,” said Young, referring to the Yasuda Co Ltd, whose businesses include the wholesale distribution of men’s and boys’ apparel and furnishings. Young said he would tackle the business-to-business aspects in the garments, apparel as well as furniture sectors during the trade mission. The Fobap official recalls that the Philippines used to ship at least one 40-foot container full of … [Read more...] about PH garments exporters to make fresh pitch to Japan