Rating: buy; Embassy REIT: Stable performance

The Embassy Office Parks REIT (Embassy REIT) delivered a resilient Q3FY23 performance with same-store office portfolio occupancy levels remaining flattish q-o-q at 88% and net operating income (NOI) remaining flat q-o-q  at Rs 700 crore. The REIT manager had given guidance for 5.0msf of leasing in FY23 vs. 2.2msf in FY22 and has achieved 9MFY23 […]

India is ready to lead: The US-China-led world order has collapsed, causing a leadership vacuum

By Harsh V Pant If there ever was any doubt, the year 2023 marked the final nail in the coffin for what had remained of the global order. The disarray in the world continued unabated as multiple conflicts shaped the global environment, faultlines sharpened further among major powers, and international institutions continued their debilitating streak. […]

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