Category: Business

Zara billionaire Ortega buys Chicago apartment tower for $232 million – Times of India

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Amancio Ortega, the billionaire founder of the Zara clothing chain, snapped up a luxury apartment building in Chicago for $232 million to add to his growing US property portfolio.Ortega’s family office Pontegadea acquired 727 West Madison from a joint venture of Ares Management and F&F Realty, according to a company spokesperson.The purchase adds the 45-story…

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Forex reserves rise $12m to $8.1b | The Express Tribune

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KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday. By the end of the week on August 11, 2023, the central bank’s foreign currency reserves were recorded at $8,055.3 million, indicating…

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Rupee extends losses against US dollar – SUCH TV

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The Pakistani rupee fell by Rs2.99 against the US dollar during interbank trade on Wednesday, extending its losses from the previous day. The local currency was changing hands at Rs294.50 against the greenback at around 12:24pm, according to data from the Exchange Companies Association of Pakistan (ECAP). In the open market, the dollar was being…

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Fiscal Health: Chhattisgarh Second Best After Maha; Bengal, Punjab, Kerala Biggest Laggards – News18

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Chhattisgarh, one of the poorest states in the country, is the second best in overall fiscal health scorecard after Maharashtra, and ahead of Telangana, while the bottom three are Bengal, Punjab and Kerala, shows a report by a foreign brokerage. Based on the FY24 first budget estimates, the top three states are Maharashtra, Chhattisgarh and…

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Business

Indian Railways Passenger Gets Whopping Food Bill With 66 Percent GST; IRCTC Says…

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Passengers travelling via the Indian Railways often turn to Twitter in case they face any problems. These complaints by the passenger travelling via trains are often addressed by the behemoth organisation via their Twitter handles. This is probably why the Twitter handle is often flooded with the grievances of the passengers. Adding to the list, one…

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China’s Economy Faces Yet Another Threat: Falling Prices

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The United States has spent much of the past 18 months struggling to control inflation. China is experiencing the opposite problem: People and businesses are not spending, pushing the economy to the verge of a pernicious condition called deflation. Consumer prices in China, after barely rising for the past several months, fell in July for…

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Full list of Wilko stores at risk of closure as firm files for administration

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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Wilko’s plans to file for administration puts all of its 400 stores at risk and could mark the end of the largest privately owned retailer in the UK….

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Business

Star Health: At 79, Star Health’s founder set to launch another insurer – Times of India

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MUMBAI: Insurance veteran V Jagannathan, known for building Star Health Insurance from scratch in 2006, after retiring as CEO of a public sector insurer, is planning an encore. The feisty 79-year-old has drawn up plans to launch yet another health insurance company. The move to set up another company comes months after Jagannathan abruptly quit…

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Business