Tag: buys

Foxconn buys large tract of land near Bengaluru, BJP cheerful

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Bengaluru: Foxconn, the world’s biggest contract electronics manufacturer and assembler of iPhones, has bought a huge tract of land on the outskirts of Bengaluru.
The key Apple supplier has stated this in its filing at London Stock Exchange. The news has come as a shot in the arm to the ruling BJP ahead of crucial Assembly elections scheduled on May 10.
Investment by Foxconn in the state had run into controversy following the opposition parties questioning ruling BJP and calling it a publicity stunt.

The ruling BJP had announced the establishment of an iPhone assembling unit by Foxconn in Bengaluru. Later, the claim was disputed by the company.
An embarrassed Chief Minister Basavaraj Bommai had released the letter of appreciation by Foxconn to defend against the attacks by the opposition.
According to latest reports, the company made the statement in this regard at London Stock Exchange. According to the statement, the 1.2 million square metre (13 million square foot) plot has been acquired near Devanahalli located close to Bengaluru International Airport. According to sources, the land was bought for Rs 106.24 crores.
This is seen as part of the company’s strategy to look for alternative production destinations away from China following rigid Covid rules, the sources said.
The Karnataka State High-Level Clearance Committee (SHLCC) had approved Foxconn investment proposal in March. The company proposed to manufacture mobile devices.

The official statement from the Large and Medium Industries Ministry said that Foxconn Hon Hai Technology India Mega Development Private Ltd (FHH) would invest Rs 8,000 crore with employment opportunities for 50,000 people.
The delegation led by Foxconn CEO and Chairman Young Liu had visited the state and held a meeting with Bommai in Bengaluru. The appreciation letter released by CM’s office was written by Foxconn CEO to Bommai and termed their visit a great success.
JD-S leader and former CM H.D. Kumaraswamy had asked the ruling BJP to clarify whether the announcement regarding Foxconn by the Chief Minister was a publicity stunt or if any MOU was signed.
He had earlier maintained that the Karnataka BJP government had the policy of maximum publicity and zero result policy.
“Chief Minister Basavaraj Bommai and two other ministers took free publicity by stating that iPhone manufacturer Foxconn company from Taiwan has come to the state for investment. They held the signed letters in their hands stating the MOU had been signed and posed before the media,” Kumaraswamy had stated.
The Taiwanese company, on the other hand, told the media that there are no definitive agreements made to invest in Karnataka. At this, Kumaraswamy had said that if this is the case, what really happened in the presence of CM Bommai and demanded the government clarify the matter.
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#Foxconn #buys #large #tract #land #Bengaluru #BJP #cheerful
( With inputs from www.siasat.com )

May 9, 2023
Sanya Malhotra buys new house in Gurgaon ahead of release of ‘Kathal’

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Mumbai: In a short span of her career, the ‘Dangal’ girl Sanya Malhotra made a niche of her own. The actor is now ready with her new release ‘Kathal’, the trailer of which got released recently.
Ahead of the film’s release, the actress brought a four BHK in Gurgaon, Delhi for herself and her family where she plans to spend time whenever she gets a chance away from her tight schedule. Sanya comes from Delhi and she started the promotion of her upcoming ‘Kathal’ from her hometown. The actor will be seen in the role of police officer for the first time in ‘Kathal’.
In the trailer, we can see a comedy drama revolving around a female police officer (Sanya) and her journey of unfolding the mystery of 2 jackfruits being stolen from the garden of a MLA played by actor Vijay Raaz. The movie also features Rajpal Yadav in the role of a journalist.

Co-writer and director Yashowardhan Mishra commented on the film, “It is such a thrilling experience to be launching the trailer of my first film, Kathal- A Jackfruit Mystery. Through our storytelling clubbed with an ensemble of extremely hardworking and talented actors, we have created a story that will make the audiences laugh while also making sure they go away with a strong thought. Quirky satire comedies are few and far to come by, and we have sketched every character’s graph with extreme sensitivity and thought. I cannot wait for the audiences to watch the film on 19th of May, streaming only on Netflix.”
Adding onto this, Oscar-winning producer Guneet Monga Kapoor said, “We at Sikhya always take pride in delivering homegrown stories that are global in their approach. We are excited to give our audiences a family entertainer, Kathal – the jackfruit mystery, this summer! Sanya along with Rajpal, Vijay, Anant and the others will take you on a joyride to uncover the mystery of the stolen kathals, helmed by Yashowardhan Mishra, our debut director. We are so thrilled to be launching the film on Netflix along with Balaji Telefilms, both of whom have supported us in bringing distinctive and relevant content to a global forefront.”
Sanya also has Sam Bahadur, and Mrs in the pipeline. After Pagglait, Kathal marks Sanya’s second collaboration with Guneet Monga.
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#Sanya #Malhotra #buys #house #Gurgaon #ahead #release #Kathal

( With inputs from www.siasat.com )

May 7, 2023
JPMorgan Chase buys First Republic in bid to end bank turmoil

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The bank’s demise is the latest fallout from the stunning fall of SVB, which sparked runs at similar institutions, including Signature. These banks all had an unusually large number of deposits that weren’t backed by the FDIC because they catered to companies and wealthy individuals whose balances far exceeded the $250,000 deposit insurance limit.
That led to runs as depositors worried about the solvency of these banks, which all held significant portfolios of assets that had dropped in value.
JPMorgan CEO Jamie Dimon on a call with analysts said the banking system is stable, but acknowledged that “no crystal ball is perfect.”
“Hopefully this mini-bank crisis is over,” he said.
The Treasury Department in a statement said the banking system “remains sound and resilient, and Americans should feel confident in the safety of their deposits and the ability of the banking system to fulfill its essential function of providing credit to businesses and families.”
The FDIC will share some of the losses from First Republic’s portfolio of residential mortgages and commercial loans, and provide $50 billion in financing for the buyer, according to a press release from JPMorgan. The agency said it expects a $13 billion hit to its deposit insurance fund, which is financed by fees from banks.
In its release, JPMorgan said it has bought $173 billion in loans and $30 billion in securities. It will also assume $92 billion in deposits, “including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation.”
On March 16 — less than a week after uninsured depositors at SVB and Signature Bank were rescued by federal banking regulators — 11 of the nation’s largest financial institutions, including JPMorgan, deposited $30 billion into First Republic in an attempt to shore up its balance sheet.

The lender was slammed by more than $100 billion of withdrawals as panic swept across the regional banking sector last month, and the majority of uninsured deposits remaining at First Republic came from that infusion of cash.
The deal means government officials did not have to decide whether to once again back uninsured deposits at a failed bank, as they aim to keep calm in the banking sector.
FDIC board member Jonathan McKernan, a Republican who joined the agency in May, said he was “pleased we were able to deal with First Republic’s failure without using the FDIC’s emergency powers.”
“It is a grave and unfortunate event when the FDIC uses these emergency powers,” he said. “The March 12 rescue of SVB and Signature’s uninsured depositors was an admission that 15 years of reform efforts have not been a success,” arguing that the agency should “avoid the temptation to pile on yet more prescriptive regulation or otherwise push responsible risk taking out of the banking system.”
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#JPMorgan #Chase #buys #Republic #bid #bank #turmoil
( With inputs from : www.politico.com )

May 1, 2023
Death threat: Salman Khan buys new Nissan bulletproof SUV

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Mumbai: Superstar Salman Khan is one of the most loved celebrities of India. The actor has landed into various controversies from time to time during his 3 decade career in Bollywood but he still enjoys a massive fan following across the globe. From his personal life to professional activities , his fans are always eager to know everything about him. The actor is one among the motorhead celebrities and owns several expensive cars. He has recently added a new bulletproof Nissan Patrol SUV to his garage.
Yes, after his friend SRK bought a brand new Rolls-Royce Cullinan, it is now reported that Salman Khan has acquired a new SUV from Nissan. The white colour Nissan SUV car is bulletproof and the actor was spotted travelling in it.
Yes, the Tiger Zinda Hai actor was recently spotted travelling in his new vehicle in Mumbai and he was escorted by police. The video has been shared by several YouTube channels and the car has become the talk of the town now.

Salman Khan has earlier got a death threat after which his security cover was enhanced. Some social media users are of the opinion that Bhaijaan decided to own the bulletproof car after receiving death threats.
On the professional front, he will be next seen in Kisi Ka Bhai Kisi Ki Jaan, which will hit the theaters on the eve of Eid.
Watch video below.

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#Death #threat #Salman #Khan #buys #Nissan #bulletproof #SUV

( With inputs from www.siasat.com )

April 7, 2023
Naga Chaitanya buys new home in Hyderabad

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Hyderabad: Nothing beats the feeling of building and moving into your own home, and Naga Chaitanya will never forget that moment. The young Akkineni hero has recently moved into his dream home, which is located next to his family’s home, and it is a space that truly reflects his taste and style.
According to reports, Naga Chaitanya went to great lengths to create a luxurious and comfortable environment for himself.
For the unversed, Naga Chaitanya used to live with his ex-wife Samantha in their Jubilee Hills home before their divorce. After their separation, Chay moved out of their nest and stayed with father Nagarjuna for few months. Then he reportedly moved to a five-star hotel while waiting for his new home to be finished. Latest reports have it that Naga Chaitanya has finally moved to his new abode which is all things cozy.
On the professional front, Naga Chaitanya is preparing for the release of his upcoming action film, ‘Custody,’ directed by Venkat Prabhu. Naga Chaitanya plays a police officer, and Krithi Shetty plays his love interest in the film. Fans are eagerly awaiting the release of the teaser, which will reveal more about the plot and characters.
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#Naga #Chaitanya #buys #home #Hyderabad
( With inputs from www.siasat.com )

March 17, 2023
UBS buys Credit Suisse in rush deal

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FRANKFURT — Swiss banking giant UBS will buy the country’s second-largest bank Credit Suisse in a deal that will come as a relief to financial markets in Europe and across the world.
UBS said in a statement that the total price is 3 billion Swiss francs, or about $3.25 billion, in UBS shares.
The deal was pushed through in an effort to avoid further turmoil in global banking following the failure of Silicon Valley Bank and another regional lender in the U.S.
“With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the Swiss National Bank said in a separate statement, noting that the deal was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank.
The central bank added that UBS and Credit Suisse can obtain a liquidity assistance loan of up to 100 billion francs.
Highlighting the urgency of securing a deal for the bank before markets open on Monday, Swiss authorities adjusted laws to allow further provision of liquidity by the Swiss central bank, while the government agreed to provide additional guarantees.
The expeditious rescue of Credit Suisse was welcomed by the European Central Bank as well as the Federal Reserve in the U.S.
The “swift action” by the Swiss authorities “are instrumental for restoring orderly market conditions and ensuring financial stability,” ECB President Christine Lagarde said in a statement.

The 167-year-old Credit Suisse has been involved in a series of scandals that have undermined the confidence of investors and clients. It has thus found itself in the eye of the storm when the collapse of Silicon Valley Bank sparked fears of a banking crisis.

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#UBS #buys #Credit #Suisse #rush #deal
( With inputs from : www.politico.eu )

March 15, 2023
Messi buys 35 gold iPhones worth a staggering Rs 1.7cr. Know why

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Buenos Aires: Star footballer and captain of Argentina national team Lionel Messi has decided to make his teammates and staff happy by giving them gold Iphones. He has commissioned gold iPhones for every member of the FIFA World Cup 2022 winning Argentinan squad and also the staff to make the win more historical and memorable.
Reports suggest that Messi has ordered 35 gold iphones worth Rs 1.73 crores and got them delivered to his Parisian apartment. Every 24-carat mobile device has the player’s names, squad numbers and also Argentina’s logo engraved on it.
IDesign Gold CEO, Ben told The Sun privy to the developments that Messi wanted a special gift for all the players and staff to celebrate the historical win.
He is quoted in the report,“Lionel is not only the Goat but he’s one of IDESIGN GOLD’s most loyal customers and got in touch with us a couple of months after the World Cup final. He said he wanted a special gift for all the players and staff to celebrate the amazing win but didn’t want the usual gift of watches. So, I suggested gold iPhones inscribed with their names and he loved the idea.”
Lionel Messi won his first world cup trophy as captain while Argentina won their third title after defeating France in penalties in the final match of FIFA WC Qatar 2022.
FIFA World Cup 2022 Winnings Argentina Squad:
Emi Martinez, Franco Armani, Geronimo Rulli, Marcos Acuna, Juan Foyth, Lisandro Martinez, Nicolas Tagliafico, Cristian Romero, Nicolas Otamendi, Nahuel Molina, Gonzalo Montiel, German Pezzella, Angel Di Maria, Leandro Paredes, Rodrigo De Paul, Alexis Mac Allister, Enzo Fernandez, Exequiel Palacios, Guido Rodriguez, Lionel Messi, Lautaro Martinez, Paulo Dybala, Angel Correa, Julian Alvarez, Thiago Almada, Alejandro Gomez.
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#Messi #buys #gold #iPhones #worth #staggering #1.7cr

( With inputs from www.siasat.com )

March 2, 2023
Virat Kohli buys new Villa; here’s full list of his properties

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Mumbai: Indian cricketer Virat Kohli is known for his style. Whether it is his stylish shots with the bat, stylish looks or stylish lifestyle, the cricketer is considered as the most stylish cricketer in the world. He is even featured in various stylish and luxurious commercial advertisements. As you might be aware that King Kohli is earning a lot of money from various franchises, BCCI and brand endorsements, here in this write-up we will give a sneak peek of his luxurious properties.
2,000sq ft Villa in Alibaug
Recently, Virat Kohli added another address to reach out to by purchasing a new villa. According to reports, he bought a 2,000 sq ft villa in Avas Living – a luxury bungalow project in Awas Village, Alibaug. Awas is known for its natural beauty and is one of the preferred locations among prominent personalities. This is Virat and his wife Anushka’s second property in Alibaug.
Reportedly, Virat Kohli shelled out Rs 6 crore to become the proud owner of this luxurious villa. It offers a 400 sq ft swimming pool too. It is also said that the Avas Living project is designed by Sussanne Khan and Virat is their wellness ambassador.
Here’s Virat Kohli and Anushka Sharma’s property portfolio.
Virat and Anushka, who are supremely successful in their respective professions, have built a strong property portfolio which includes, an apartment in Mumbai, a bungalow in Delhi and a farmhouse in Alibaug
Luxurious Home In Mumbai
Virat Kohli is a proud owner of a luxurious home on the 35th floor in Tower C of the three-tower complex named Omkar in Mumbai’s Worli. King Kholi lives with his wife Anushka Sharma here. This Worli home of the cricketer costs approx Rs 34 crore. According to various reports, the sea-facing house comes with many amenities.
Farmhouse in Alibaug
Alibaugh is where most of the B-town celebrities own a farmhouse or a holiday home. The place is known for its greenery and is a less polluted area. Virat Kohli has also bought the property for Rs 20 crore in Alibaug. He and his wife own a lavish farmhouse in the area.
Bungalow In Gurugram
The cricketer also owns a bungalow near the national capital. Reportedly, it is the best among all his homes in terms of interior design. It is spread across 10,000 sq ft. The bungalow is worth crores and it is also reported that family members of the cricketer and his wife often visit the place to spend some quality time together.

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#Virat #Kohli #buys #Villa #heres #full #list #properties
( With inputs from www.siasat.com )

March 1, 2023
Sumbul Touqeer Khan buys house in Mumbai at 19

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Mumbai: ‘Imlie’ actress Sumbul Touqeer Khan has purchased a new house in Mumbai and shared a video informing her fans about it.
In the video, Sumbul can be seen showing her flat and saying that the construction work of her house is still going on. She also asked her fans for their suggestions so that she can design her flat more beautifully.
While introducing her architect Radhika in the video, she wrote in the caption: “Naya Ghar (new house), work in progress, must give your views.”
Her architect also mentioned: “So I am grateful and blessed to announce that I am designing a house for my FavA@sumbul_touqeer. Thanks to God and My family for supporting me throughout. To All the Sumbul fans please share your ideas, i will try to incorporate them as per my design”
Post Sumbul’s video, many of her industry friends and fans congratulated her.
Sumbul was also recently seen in reality show ‘Big Boss 16’.
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#Sumbul #Touqeer #Khan #buys #house #Mumbai
( With inputs from www.siasat.com )

February 27, 2023
Man buys Pharma company’s shares instead of medicines, dies.

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The total number of demat accounts in India is significantly increasing everyday as more and more people build trust on the share market. SIPs are the most preferred investment among people. However, some people are going overboard with their investment plans and are cutting their regular expenses to buy shares and SIPs.

Seeing a post on LinkedIn about compounding magic, Abhishek bought shares of a Pharma company instead of the medicines prescribed by the doctor and his health kept deteriorating while his investment kept getting healthier. Unfortunately, on Friday the man succumbed to the poor health and healthy investment.

Speaking to The Fauxy, Abhishek’s friend, Rohan said “He read a post on Linkedin about compounding magic that compared the share price and cost of Britannia biscuits over a period of ten years, and Abhishek wouldn’t stop talking about it. He went so crazy that whenever he would buy something he would first check if the company of that product is listed in the BSE or NSE.”

Abhishek’s Doctor told The Fauxy “Abhishek was diabetic and his BP was shooting up, I prescribed him the medicines, but I guess he bought the share of that Pharma company instead”

“Abhishek isn’t with us but his investments are wish he had taken term insurance too” said Abhishek’s wife.

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#Man #buys #Pharma #companys #shares #medicines #dies
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

February 24, 2023