
Global Health allots 1.10 lakh equity shares under ESOP
Global Health has allotted 20,000 equity shares under ESOP and 90,000 equity shares under to GHL Employees Welfare Trust ('ESOP Trust') under Part -B of GHL LTIP 2024 Plan i.e. GHL Employees Stock Purchase Scheme, 2024. Post aforesaid allotments, the paid-up share capital of the Company has increased from Rs 53,73,20,764/- divided into 26,86,60,382 equity shares of Rs. 2 each to Rs. 53,75,40,764/- divided into 26,87,70,382 equity shares of Rs. 2/- each.Powered by Capital Market - Live News
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Time of India
18 minutes ago
- Time of India
Govt signs agreements for Rs 18k-cr investments in maritime trade infra
Bhubaneswar: Odisha govt on Thursday signed two major concession agreements, promising a combined investment of over Rs 18,000 crore in maritime trade infrastructure which is expected to create 8,450 jobs. Gopalpur Ports Limited committed to a Rs 16,554 crore investment to expand and develop the Adani Group-controlled Gopalpur Port. This will increase the port's cargo handling capacity to 50 million metric tonnes (MMT) — from the current 20MMT — and generate approximately 5,000 jobs, further solidifying Odisha's position as a key player in maritime trade, a govt statement said. JSW Utkal Steel Limited, a subsidiary of Sajjan Jindal-led JSW Group, is likely to invest Rs 2,100 crore for the construction of a 52 million tonne cargo handling jetty at Jatadhara river mouth near Paradip in Jagatsinghpur district. This project is expected to generate 3,450 direct and indirect jobs, significantly enhancing the region's economic landscape, the statement added. Chief minister Mohan Charan Majhi, who was present at the signing ceremony, emphasised the state's focus on development of maritime trade, highlighting plans for new ports at Inchudi and Bahuda, alongside development initiatives for Subarnarekha and Astaranga ports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo The agreements were signed in the presence of key industry leaders, including Anil Kumar Singh, president of JSW Utkal Steel Limited, and Sandeep Jaiswal, business head of Gopalpur Ports Limited. The CM expressed confidence that these projects, led by globally renowned companies, will usher in a new era of port-led development in Odisha. Commerce and transport minister Bibhuti Bhushan Jena reiterated the importance of developing ports and jetty in the state's overall growth strategy, aiming to leverage Odisha's extensive coastline for further infrastructural development. The government's vision for 2036 and 2047 includes ensuring adequate port capacity to support coastal shipping operations. Plans are underway to increase Paradip Port's capacity from its current 289 MMTPA to 300 MMTPA, while also expanding non-major port capacity in the state to 200 MMTPA by 2036. To enhance coastal connectivity, the govt intends to develop eight new non-major ports in addition to the existing Dhamra and Gopalpur ports. Furthermore, there are strategic plans to transform Gopalpur and Paradip into green energy hubs, with a focus on developing green hydrogen, ammonia, and integrated port-based industrial ecosystems.


Time of India
18 minutes ago
- Time of India
Kol office space demand doubles but residential sales dip in Q2 2025
Kolkata: Demand for office space in Kolkata doubled to 6 lakh sq ft from 3 lakh sq ft in the April-June quarter, even as residential sales stuttered and fell by 10% against Jan-Mar 2025, with approximately 3,525 units sold in the second quarter of 2025. According to Colliers, a global diversified professional services company specialising in commercial real estate services, engineering consultancy, and investment management, the absorption of 6 lakh sq ft comes as a major boost in the wake of just 1 lakh sq ft absorbed in the Jan-Mar quarter. The 7 lakh sq ft absorbed in the Jan-June period is a 40% hike over the 5 lakh sq ft absorbed in the first half of last year. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The encouraging development in office space transactions was somewhat offset by the sub-par performance in residential real estate, with 7,425 units sold in the first half of 2025, 28% less than the 10,290 units sold in the corresponding period last year. Kolkata added 2,505 units in April-June 2025, a dip of 54% over Jan-June 2025 and a 17% rise against April-June 2024. Around 48% of the new supply was added in the mid-segment (Rs 40 lakh-Rs 80 lakh). According to real estate consultancy firm Anarock, one of the prime reasons for the declining sales was the geopolitical tension both on the domestic front and at the global level, which pushed many homebuyers into the wait-and-watch mode amid job insecurities. Increasing property prices have also made property buying quite unaffordable for many. Despite the headwinds, new supply in the city increased by over 23% in the first half of 2025 to 7,905 units, up from 6,440 units in Jan-June 2024. With added new supply in the city over the last half of 2025, the unsold stock in the city has seen a 3% increase. However, the industry is optimistic about the future. With a tentative return to normalcy on the geopolitical front, a resurgence of the stock markets, and a gradual easing of interest rates after a massive repo rate cut, there is every reason to look forward to renewed momentum in the Kolkata housing market.


Time of India
an hour ago
- Time of India
Families drown in debt under relocation project
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