Latest news with #IN
Mid East Info
4 days ago
- Business
- Mid East Info
Nisus Finance invests Dh183 million in two properties, considers Dh669 million more investment in Dubai's real estate
Nisus announces stellar growth with a 55 percent jump in Assets Under Management surpassing IN₹15.72 billion as revenue growing 56 per cent in financial year ending March 31, 2025 Nisus Finance Investment Consultancy FZCO NiFCO Dubai, a fully-owned subsidiary of Nisus Finance Services Company Limited (NIFCO), announced the investment of Dh183 million in two properties in Dubai while it is currently actively evaluating investment to the tune of Dh669 million in new properties. The company is looking forward to a four-fold growth in its Assets Under Management AUM that jumped 55 percent to IN₹15.72 billion US$183.85 million in the financial year ending March 31, 2025, from IN₹10.12 billion US$118.35 million in FY2024. Around 29 percent or IN₹4.55 billion US$53.21 million of the AUM came from its operations in the UAE. NiFCO has also engaged M/S Houlihan Lokey to raise global capital for the UAE and India funds, while it has sanctioned US$68 million Dh250 million for investment in Dubai. It is in advanced discussions for a further US$200 million (Dh730 million) credit limit to deploy in the UAE's high-growth real estate market that will fuel the sector's growth. In addition, NiFCO is in advance stage of discussions on the deployment of a further US$200 million Dh730 million from two prominent global funds. These funds, once deployed, will increase the company's investment by US$468 million Dh1.71 billion this year. In 2024, NIFCO Dubai invested a total of Dh183.35 million including Dh93.85 million IN₹2.3 billion in a project located at the Jumeirah Village Circle (JVC) while it invested a further Dh89.5 million (IN₹2.15 billion) in a property in Furjan Dubai. 'We have already invested Dh183 million in two residential properties in Dubai and are actively evaluating Dh669 million (IN₹15.55 billion) in investments across residential and commercial projects in prime Dubai locations like JVC, Al Barsha, Sports City, and DIP. These strategic moves aim to unlock high-yield opportunities and fuel strong growth,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group NiFCO, says. 'We are currently looking at bigger and more lucrative opportunities in the UAE and the GCC where the opportunities are growing and we want our investor community to benefit from these opportunities.' Nisus Finance meanwhile, reported a 35.5 per cent year-on-year growth in profit after tax reaching IN₹325.8 million (US$3.81 million) in the financial year ending March 31, 2025, compared to IN₹240.5 million (US$2.81 million) recorded in FY2024, on IN₹673 million (US$7.87 million) revenue which jumped 65 percent, compared to IN₹430.4 million (US$5.03 million) recorded in the previous year, due to strong growth in its UAE business carried out through its UAE subsidiary Nisus Finance Investment Consultancy FZCO (NiFCO Dubai). The company's total assets jumped to IN₹1.79 billion (US$20.93 million), up from IN₹491 million (US$5.74 million) in FY2024. The company reported a 42.3 percent Return on Capital Employed (ROCE) while Return on Investment (ROI) reached a healthy 33.3 percent in the last financial year when its Net Worth reached IN₹1.61 billion – reflecting a robust performance. The company's Revenue-to-AUM ratio stood at 4.3 percent while Earnings per Share (EPS) reached IN₹16.31 and Net Asset Value per Share reached IN₹67.31. Nisus Finance last year made some successful marquee exits. It had earlier invested in one of India's first self-redevelopment project in Mumbai. The project, managed by Trilogy Developers, merges two societies into a mixed-use development. Last year, it exited from the project with 21 percent IRR while it also unlocked value with high-yield exit under its Real Estate Special Opportunities Fund (RESO) 1 from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate at 18.74 percent IRR. The company also divested from two projects in Bengaluru, achieving a 19 percent IRR through its Real Estate Credit Opportunities Fund (RECOF) 1. NIFCO also exited from Plotted Development Project Treasure Hills by Treasure Group in Indore with 19 percent IRR. 'Our FY25 performance reflects the strength of our core platform—lean, profitable, and execution-focused. With the IPO success, we are well-positioned to accelerate strategic growth in FY26 and beyond,' Amit Goenka says. 'Robust AUM growth, diversification of revenue base and strengthening of the India and UAE team, enhancing execution and delivery capabilities have been our key growth drivers, supported by targeted expenditure in marketing and brand building during the Initial Public Offering IPO phase, supporting long-term brand equity and visibility have helped us to record such impressive growth.' In India, investments worth IN₹10 billion are under evaluation across high-growth cities like Mumbai, Pune, Bengaluru and Indore covering both performing credit and special situations. The firm aims to drive strong returns and manage risk through strategic market selection and asset diversification. 'In the FY2026, our objective is to achieve IN₹40 billion (US$467.81 million) with total income ranging from IN₹1.2 billion to IN₹1.4 billion (US$16.37 million) while we remain on target to become a global asset manager with US$$1 billion AUM by 2028 through blue ocean strategies to drive multi-dimensional revenue streams by providing investment opportunities across capital stacks,' Amit Goenka says. Nisus leverages a decade of experience, utilising local market expertise and proprietary data to capitalise on emerging trends and consistently deliver superior risk-adjusted returns. NIFCO specialises in urban infrastructure financing and private capital market transactions. The company, along with its subsidiaries and associates, focuses on two main areas: Fund & Asset Management and Transaction Advisory Services. With over a decade of experience in India, Nisus manages IN₹15.72 billion in assets for FY 2025, to deliver gross IRR of more than 19 percent. The Company's RESO fund has been awarded an 'Excellent' rating by Care Edge Advisory, recognising its strong focus on diversified AIF funds and asset management. The company got listed on BSE SME platform on December 11, 2024. About Nisus Finance: Nisus Finance Services Co. Ltd. (NiFCO) is a leading, publicly listed real estate investment firm headquartered in India, with a proven track record of delivering high-yield, performance-driven assets across the country. In line with its global expansion strategy, NiFCO has extended its investor outreach across Southeast Asia, Europe, and the Middle East, bringing its deep sector expertise and innovative financial solutions to the UAE and broader GCC region. As part of this regional growth, NiFCO has launched the 'Nisus High Yield Growth Fund Closed Ended IC' ('Fund'), a DIFC-registered Property Fund and Qualified Investor Fund, incorporated under the laws of the Dubai International Financial Centre (DIFC). The Fund is an incorporated cell of Gateway ICC Limited and is advised by Nisus Finance Investment Consultancy FZCO ('NiFCO Dubai'), located in Dubai, UAE. Gateway Investment Management Services (DIFC) Limited has been appointed as the Fund Manager.
Newsweek
6 days ago
- Entertainment
- Newsweek
Fan-Favorite AEW Superstar Missing From TV Due To Injury: Report
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A new report has revealed the reason for Jamie Hayter's current absence from All Elite Wrestling programming. The former AEW Women's World Champion is once again sidelined and is not medically cleared to compete. This marks another unfortunate setback for the star, who has a history of significant injuries. Her latest issue comes after a long road to recovery from a previous career-threatening ailment. Hayter Sidelined Following Recent Attack According to a report from Fightful Select, Hayter is not medically cleared for action, which is why she has been off television. Her last appearance was on the episode of AEW Dynamite following the Double or Nothing pay-per-view. On that show, Hayter was written out of storylines via an attack by the debuting Thekla. The report notes that AEW would be featuring Hayter on programming if she were available, and that creative plans involving Thekla have been adjusted due to Hayter's status. Hayter Previously Detailed Grueling Injury Recovery This current absence is especially concerning given the severity of the herniated discs that kept Hayter away from the ring for over a year. In a past interview with Renee Paquette, she detailed the grueling nature of that recovery. All Elite Wrestling ALL IN at Wembley Stadium in London on August 27, 2023. All Elite Wrestling ALL IN at Wembley Stadium in London on August 27, 2023. Courtesy of AEW "I wasn't even aware of the injury until it was really bad. I couldn't walk," Hayter recalled. "I couldn't even stand up straight. My body was at an angle, I just couldn't do anything." She explained that the pain was constant and debilitating. The injury made even simple daily tasks nearly impossible to complete. "I couldn't laugh, I couldn't sneeze, I couldn't cough, I couldn't sit down, I couldn't stand in the shower, I couldn't lay down on my back, I couldn't really do anything." More news: WWE News: Steve Austin Reveals Real-Life Vince McMahon Confrontation The Mental Toll Of Recovery The physical pain also led to a significant mental and emotional struggle. Hayter admitted that she began to question her passion for the wrestling business. "It got to a point where I was like I don't know if I even want to do it again. I don't know why," she said. "I think it was the pain and everything that happened. I just really wasn't sure. It was almost like I had to find myself again, find my purpose, and find my passion to do it again." She was bed-bound for months before she could begin to feel like herself again. "When the pain from my injury kind of subsided a little bit, that's when I could see the light a little bit more... When the pain subsided, I could start moving again. For me personally, being physical is my enjoyment; that is what I do best." More WWE News: For more on WWE, head to Newsweek Sports.
NDTV
09-06-2025
- General
- NDTV
Explosion On Singapore-Flagged Ship Off Kerala Coast, Navy Responds
Kochi: An explosion was reported on board the Singapore-flagged container ship MV Wan Hai 503 off the coast of Kerala on Monday morning, a Defence PRO said. The underdeck blast was first reported at around 10.30 am by the Maritime Operations Centre in Mumbai to their counterparts in Kochi. The 270-metre-long vessel, with a draught of 12.5 metres, had left Colombo on June 7 and was en route to Mumbai, expected to arrive on June 10. #Update Of the 22 crew, 18 crew have abandoned the ship on boat. Crew being rescued by CG and IN assets. Vessel is presently on fire and adrift. @indiannavy @IndiaCoastGuard @IN_HQSNC @IN_WNC — PRO Defence Kochi (@DefencePROkochi) June 9, 2025 "On 09 Jun 25, at about 1030 h, MOC (Koc) received an information from MOC (Mbi) about a reported underdeck explosion onboard MV Wan Hai 503. The vessel is a Singapore Flag Container ship, 270 m long and draught 12.5m with LPC Colombo," the PRO said in a communication. He said in response, the Indian Navy diverted INS Surat, which had been scheduled to dock in Kochi, to provide immediate assistance. The Western Naval Command redirected the vessel at 11 am, the PRO said. In an update, the PRO said, "Of the 22 crew, 18 crew have abandoned the ship on boat. Crew being rescued by CG and IN assets. Vessel is presently on fire and adrift." A Navy Dornier aircraft sortie is also being planned from the naval air station INS Garuda in Kochi to assess the situation and coordinate support.
Yahoo
06-06-2025
- Entertainment
- Yahoo
No Joke, The Lights Went Out At The Sydney Opera House During Vivid
The Sydney Opera House had an ironic incident in the Concert Hall last night (June 3rd) for its final night of Vivid LIVE for 2025. While the venue itself was lit up from the outside, the stage lights inside went out during Japanese Breakfast's set around 9:45pm during a performance of the song 'Slide Tackle'. What was originally believed to be an intentional part of the lighting design was quickly revealed to be legitimate, with a technician from the back of the room yelling that they were 'working with the House to get the lights back on' as the band played on for another two songs. After playing 'Picture Window' with only the overhead lights and a prop lantern, the band – who were making their Sydney Opera House debut – were escorted off stage for an unplanned intermission, which lasted 15 minutes. Unfortunately, when the band returned to continue with the show, the lighting issue had not been resolved. 'The whole system is down,' said frontwoman Michelle Zauner to the sold-out audience following 'Men In Bars'. Two songs later, however, the entire lighting system came back online midway through the band's performance of 'Kokomo, IN'. 'That's live music, baby!' Zauner remarked following a rapturous applause from the audience at the song's conclusion. At the time of writing, neither the Sydney Opera House nor Japanese Breakfast have publicly commented on the technical snafu. The band's performance wrapped up a busy two weeks for the Opera House, which saw Sigur Rós bring their orchestral tour to the Concert Hall with three sold-out shows with the Sydney Symphony Orchestra and the final Australian performances from Anohni & The Johnsons, as well as Beth Gibbons, Miss Kaninna, Surprise Chef and Emily Wurramara. Vivid Sydney will continue on until next weekend (June 14th) across various other venues in the city. This includes the Oxford Art Factory, where septuagenarian UK rap duo Pete & Bas are set to perform tomorrow night, as well as the City Recital Hall in Angel Place, where Soccer Mommy will perform next Thursday night. The full remaining program can be found at Love Letter To A Record: YoWo Music's Pearl Harnath On Japanese Breakfast's 'Psychopomp' Open Season 2025: Kamasi Washington, The Preatures, DIIV + More Sigur Rós Review – A Calming Serenity Comes to Fortitude Valley The post No Joke, The Lights Went Out At The Sydney Opera House During Vivid appeared first on Music Feeds.
Kuwait Times
03-06-2025
- Business
- Kuwait Times
Zain accelerates national talent empowerment in digital economy
Company concludes successful partnership in TechEdge Program with KFAS and NBK KUWAIT: Zain announced the successful conclusion of its participation in the TechEdge program, one of the leading training initiatives focused on digitally empowering young talent. The program was held under the umbrella of Zain's Innovation Nation (IN) initiative, in strategic collaboration with the Kuwait Foundation for the Advancement of Sciences (KFAS), the National Bank of Kuwait (NBK), and the National University of Singapore (NUS). The program spanned several phases, starting locally in Kuwait, followed by virtual masterclasses, and culminating in a global learning experience hosted by NUS in Singapore. The initiative aimed to equip early-career Kuwaiti professionals with advanced technology skills through intensive workshops on artificial intelligence, data science, cybersecurity, cloud computing, software development, entrepreneurial thinking, and more. Zain expressed its pride in the outstanding performance of its employees, Nada Ibrahim and Othman Al-Shammari, who demonstrated remarkable dedication and passion throughout the program. Both actively participated in real-world innovation challenges that bridged theory with practice. In recognition of their inspiring performance, they were honored by Zain Kuwait CEO Nawaf Al-Gharabally, CTO Daaij Al-Oud, and Chief Purpose & HR Officer Nawal Bourisli. Al-Gharabally honors Othman Al-Shammari in the presence of Bourisli and Al-Oud. Ibrahim and Al-Shammari with fellow TechEdge participants in Singapore. Commenting on the achievement, Nawal Bourisli said: 'At Zain, we believe in the power of Kuwaiti youth to lead the future of the digital economy. Our support of the TechEdge program aligns with our strategy of investing in national talent through our broader Innovation Nation initiative, which reflects our long-term vision of equipping the next generation with the skills that are becoming the foundation of tomorrow's job market.' She added: 'We take great pride in the success of this program and in the exceptional global experience it offered the participants in partnership with a prestigious academic institution like NUS. These types of initiatives embody our deep commitment to accelerating digital transformation, transferring private sector expertise, and fostering a culture of innovation in the workplace.' This program represents a strategic collaboration between the three institutions and falls within national efforts to contribute to the realization of the New Kuwait 2035 Vision, which aims to diversify the economy and drive innovation through increased reliance on digitalization. The objectives of TechEdge align with Zain's strategic vision to empower talent, accelerate digital literacy, and cultivate a workplace environment built on innovation and sustainable growth. These goals are embodied in the Innovation Nation initiative, which has resulted in numerous successful projects over the past years and continues to cement Zain's leadership in driving Kuwait's innovation and digital transformation.
