City Jaipur Financial News

real estate data analytic firm PropEquity, Jaipur saw the maximum 65 per cent rise in weighted average prices to Rs 6,979 per square feet in the housing projects launched during January-September this year. In the last calendar year, the average rates in Jaipur stood at Rs 4,240 per square feet. Samir Jasuja, Founder & CEO of PropEquity said, "Tier II cities have seen renewed interest from developers, corporates, financial institutions and investor community." The cheap availability of land in these cities followed by the massive development of connectivity infrastructure and strong demand has led to an increased supply of premium and luxury housing, he added.

Adani Group stocks will be in focus on Monday after Gautam Adani, chairman of the energy-to-infrastructure conglomerate, addressed ongoing challenges, including allegations of bribery and fraud involving Adani Green Energy. Speaking at the 51st Gem & Jewellery Awards in Jaipur on Saturday, Adani described the allegations as opportunities to strengthen the group. «Less than two weeks ago, we faced allegations from the US regarding compliance practices. Every attack makes us stronger, and every obstacle becomes a stepping stone for resilience,» Adani said, referring to charges filed by the US Department of Justice and the SEC.

Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surf...

Manipur’s Jiribam district. Protesters claim these men were village guards, unfairly labelled as militants by the police. “We stand in solidarity with the victims of the Zo community across Manipur, Myanmar and Bangladesh,” says Roneihpuii, a familiar face in the crowd who represented Mizoram at an international beauty pageant in Jaipur only two months ago. “Chins, Kukis and Bawms are our siblings—oppressed, tortured, burnt and killed. Borders may divide us, but our hearts remain united,” she tells ET. While Kukis mostly reside in Manipur, Chins and Bawms are from Myanmar and Bangladesh, respectively.

Adani Group side has been charged with any violation of the Foreign Corrupt Practices Act (FCPA), or any conspiracy to obstruct justice, Gautam Adani said on Saturday. He was speaking at an award ceremony in Jaipur. This is the first time that the billionaire founder of the Adani Group has spoken since the US Department of Justice and the US SEC levied charges of bribery among others, on certain executives of the group, including him on November 21. “This is not the first time we have faced such challenges,” he said at the award function. “What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group,” he said.

Gautam Adani responded by saying that this is not the first time the company has faced such challeneges and every attack made us stronger. «We had our successes, our challenges were even bigger. These challenges have not broken us. They made us tougher. We will rise stronger, said Adani while addressing the 51st Gem & Jewellery Awards, Jaipur. „Less than 2 weeks back, we faced allegations from the US. This is not the first time we faced such challenges. What I can tell you is that every attack makes us stronger,“ said Adani. U.S. authorities accused Adani, 62, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

Subscribe to enjoy similar stories. It’s peak wedding season in India and airlines and operators of charter jets are rejoicing with the honeymooners. India’s peak wedding season spans from November to March, aligning with a higher number of dates deemed auspicious for matrimonial alliances.

Datta Power Infra on Wednesday said it has signed an initial agreement with the Rajasthan government to invest around Rs 5,000 crore in the renewable energy sector. The memorandum of understanding (MoU) was signed between company representatives and officials of the state government in Jaipur, Datta Power Infra said in a statement. Datta Power Infra looks to set up 1,000 MW renewable energy capacity, including solar, wind and hybrid projects. The projects across across Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh and Jodhpur districts would generate jobs for 500-750 people, the company said.

Bharat Dev Varma, husband of actress Moon Moon Sen and father to actresses Raima and Riya Sen, passed away at his Kolkata residence on Tuesday. According to reports, Bharat’s health took a critical turn, prompting his family to summon an ambulance from a hospital in the Dhakuria area. Unfortunately, he succumbed before he could reach the medical facility. Bharat Dev Varma was a descendant of the former royal family of Tripura. His mother, Ila Devi, was a princess of Cooch Behar and the elder sister of Gayatri Devi, the Maharani of Jaipur. His grandmother, Indira, was the only daughter of Sayajirao Gaekwad III, the Maharaja of Baroda. Bharat married Moon Moon Sen in 1978. Moon Moon also has royal lineage, being the daughter of iconic Bengali actress Suchitra Sen and Dibanath Sen. Her father hailed from a prominent family in Ballygunge Place and was the son of Adinath Sen, one of Kolkata’s wealthiest businessmen. Additionally, her great-grandfather, Dinanath Sen, served as the Diwan (minister) to the Maharaja of Tripura.

Delhi, Noida, Gurgaon and other tier 2 cities in North India such as Lucknow, Jaipur and Chandigarh are reaching out to consumers with details of what they are doing to keep the AQI at the safe level. Operators said that though there is a dip in footfall, shoppers are still preferring mall over high streets in these cities. “There is a dip in footfall as people are preferring to stay indoor in deteriorating air quality. However, serious shopper, have move to mall from high-street as they know mall maintain a certain level of air quality and it’s safer indoor than outdoor,” said HarshVardhan Bansal, cofounder of Unity Group, which operates half a dozen malls in Delhi and Punjab.

Saudi Arabia's arid climate challenges mirror those faced by regions like Rajasthan, presenting a unique opportunity for collaboration and knowledge sharing, a Saudi minister official said on Monday. Dr Osama Faqeeha, Deputy Minister of Environment, Water and Agriculture, and Advisor to the United Nations Convention to Combat Desertification (UNCCD) COP16 Presidency, made the remarks days ahead of the COP16 meeting to be held in Riyadh from December 2 to 13 under the theme — 'Our Land. Our Future'. «Successful initiatives like the Ghandivan project in Jaipur, which has transformed a barren wasteland into a thriving ecosystem through community-driven efforts, offer valuable insights that can be adapted across different regions,» he said, adding that Saudi Arabia is leveraging water conservation practices and pursuing ambitious rural development programs. «We are focused on raising awareness of the impact of land degradation, drought, and desertification. The scale of our challenge is stark: globally, we lose land equivalent to four football fields every second, amounting to 100 million hectares annually,» Faqeeha said.

Officials of the ministry of aviation and directorate general of civil aviation (DGCA) will meet airline and airport execs on Monday to discuss the matter, people familiar with the matter said.

Reserve Bank of India (RBI) deputy governor Michael Patra said on Wednesday. «It is estimated that the digital economy currently accounts for a tenth of India's GDP; going by growth rates observed over the past decade, it is poised to constitute a fifth of GDP by 2026,» he said at an event in Jaipur. He acknowledged that rapid digitalisation and the integration of advanced technologies could pose several challenges. «New technologies also involve challenges: disruptions in respect of traditional technologies and the labour market; resource intensity, demanding substantial investment in technology, learning and infrastructure; potential cyber threats and data breaches; ethical concerns, data privacy and potential malicious use,» he said.

Adani Thiruvananthapuram International Airport Ltd is not a 'transfer of business', but supply of services and hence is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) has said. The Kerala AAR ruling is contrary to the rulings passed by the Rajasthan and Gujarat Appellate Authority for Advance Ruling (AAAR) in the case of transfer of Jaipur and Ahmedabad airports and Uttar Pradesh AAR in the case of Chaudhary Charan Singh International Airport in Lucknow. These authorities had exempted such transfers from goods and services tax (GST). The Airports Authority of India (AAI) in its application before the AAR said it has entered into a concessionaire agreement with Adani Thiruvananthapuram International Airport Ltd for the operation, management, and development of the airport for 50 years. The AAI sought rulings from the AAR on a set of queries, including whether the agreement involves transfer of business and whether such a transfer would be treated as 'supply as going concern' and be exempt from GST.

Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (SIDBI). The launch took place on Saturday. Around 150 MSME Clusters were connected virtually for the launch with senior bank officials being present in each of these Clusters. The programme aims to ensure access to Financial Services and promote the growth of Micro, Small and Medium Enterprises (MSMEs) across the country, the Ministry of Finance said in a statement.

Venue : Sawai Mansingh Stadium, Jaipur Rajasthan squad - Abhijeet Tomar, Ram Chouhan, Salman Khan, Yash Kothari, Arafat Khan, Deepak Hooda, Kukna Ajay, Mahipal Lomror, Manav Suthar, Rahul Chahar, Zubair Ali, Bharat Sharma, Kunal Singh Rathore, Aniket Choudhary, Deepak Chahar, Khaleel Ahmed Hyderabad squad - Abhirath Reddy, K Himateja, Rahul Singh, Tanmay Agarwal, Tilak Varma, Nitesh Reddy, Rohit Rayudu, Tanay Thyagarajan, Dheeraj Goud, Rahul Chigullapalli, Aniketh Reddy, Chama Milind, Kartikeya Kak, Rakshan Readdi, Saranu Nishanth Rajasthan vs Hyderabad Match Details Match 69 of Ranji Trophy, 2024/25 between Rajasthan and Hyderabad to be held at Sawai Mansingh Stadium, Jaipur at 09:30 AM.

Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round led by Avataar Venture Partners, Sofina and Madison India Capital, with existing investor Norwest Venture Partners also participating, the Jaipur-based company said on Tuesday. The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. The transaction marks business-to-business focused growth-stage fund Avataar Venture Partners’ first investment in the financial services sector in India.

IndiGo flight from Jaipur to Chennai on Saturday caused confusion among approximately 160 passengers when it took off again soon after landing at Chennai airport. Airport authorities explained that the incident was due to crosswinds affecting the landing. The aircraft touched down on the main runway beyond the threshold point, prompting the pilot to take immediate action. Realizing there might not be enough runway space to slow down safely, the pilot decided to take off again promptly. No passengers were harmed during the incident. Flight 6E265 from Jaipur usually arrives in Chennai at 1:05 pm. On Saturday, the flight arrived earlier, around 12:45 pm. However, due to crosswinds, the pilot was unable to land at the runway's start, and the plane touched down in the middle. The pilot then took off immediately, circled around, and landed again at 12:58 pm.

Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh. A bench headed by Justice B R Gavai and comprising Justices P K Mishra and K V Viswanathan said it was not inclined to entertain the plea filed by the petitioner who was not directly or indirectly related to the alleged act. «We don't want to open a pandora box,» said the bench. The court said it will hear those affected by the demolition of properties.

Diljit Dosanjh has charted history. The Punjabi pop sensation achieved a significant milestone, becoming the first Indian artist to grace the cover of Billboard Canada's magazine. This marks an epochal moment, as the debut print edition of the publication will prominently feature exclusive images of the Punjabi icon, along with never-before-seen content and behind-the-scenes stories from his revolutionary Dil-Luminati tour. Billboard Canada shared the exciting news on its official Instagram account, along with the caption, «Diljit Dosanjh will make global history as the first Indian artist to be featured cover-to-cover in a special edition of Billboard (@billboardca). It marks a monumental moment for the iconic publication. Pre-order link in bio (sic).» The edition will be available both as a standalone issue or as part of a box set featuring four unique covers, one of which remains a mystery as it will be revealed later in December, part of a global Billboard initiative.