City Jaipur Financial News

Driven by rapid urbanisation, mushrooming of shopping malls and surge in spending, tier II-III towns have seen a significant increase in manpower demand, said Yeshab Giri, chief commercial officer, operational talent solutions, at Randstad India, a talent management company. Cities such as Jaipur, Indore, Ahmedabad, Coimbatore, Lucknow, Vadodara, Surat, Bhubaneswar, Bhopal, Chandigarh and Vizag are witnessing 25-30% more demand than the previous festive season, he said. «Currently, ecommerce and logistics firms in tier II-III cities are hiring approximately 65% of the overall talent,» said Lohit Bhatia, president, workforce management, at Quess Corp. Metros and other tier I cities traditionally see a greater spurt in festive demand, he said.

Mumbai: The all-India House Price Index (HPI) moderated to 3.3 per cent in the June quarter of 2024-25 from 5.1 per cent in the year-ago period, according to data released by the Reserve Bank of India on Friday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. «All-India HPI increased by 3.3 per cent (y-o-y) in Q1:2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; annual HPI growth varied widely across the cities — ranging from a high of 8.9 per cent (Kolkata) to a low of (-)1.7 per cent (Delhi),» the central bank said.

Food delivery giant Zomato has an exciting new feature for customers. Food lovers can now book orders up to two days in advance. Orders can now be scheduled from no less than 13,000 eateries around Delhi, Mumbai, Chandigarh, Lucknow, Jaipur, and Bengaluru if they exceed Rs 1,000. Goyal mentioned that these establishments were chosen due to their history of maintaining ample stock and consistently preparing meals on time. These restaurants have consistently ensured a well-stocked inventory and have shown reliability in their kitchen operations. More restaurants and cities will be included in the future, and the service will soon be available for all orders. «Improve your meal planning by placing orders up to two days ahead, and we’ll ensure timely delivery,» Goyal shared in a social media update.

Also read: Perfect outdoor escapes: In search of wild greens Trail running has shown gradual growth over the last few years in pockets of the country with plenty of races in the Himalaya and the Western Ghats, while a few runners like Kieren D’Souza and Sannat Sachdev have shifted base to the mountains to train and race internationally— Kieren moved from Bengaluru to Manali; Sannat from Jaipur to Bir. “The standards are very high globally and we are just about catching up. In other countries, there are loads of local races and trail running clubs.

Confederation of All India Traders (CAIT) on Sunday anticipated a festive trade of over Rs 12,000 crore across the country during the Rakhi festival. The trade body said that the markets are witnessing a massive rush for Rakhi shopping, and people are very enthusiastic about the festival. It urged customers to celebrate the festival with Indian goods. Observing the demands for indigenous Rakhis, the trade body stated that customers prefer indigenous Rakhis over Chinese Rakhis during this year's festive season.

Kolkata doctor rape case LIVE updates: Following the IMA's call for a nationwide protest after the rape of a PG resident at the RG Kar Medical College and Hospital shook the country, several inconsistencies have been flagged by the victim's family. They hinted to the probing agency CBI that the interns and other residents might have been involved in the case too.

West Bengal and across the country on Saturday started a 24-hour nationwide strike to protest the rape and murder of a trainee doctor at the government-run RG Kar Medical College in Kolkata last week. The protest was called by the Indian Medical Association (IMA), the largest organisation of medical staff in the country, which has placed five demands including justice for the victim, a central law to protect healthcare workers from violence at workplaces, and a thorough overhaul of the working and living conditions of resident doctors. The West Bengal government, meanwhile, issued detailed guidelines and measures to be taken at hospitals, medical colleges and all workplaces for women across the state with the aim to provide safe working conditions, and launched a flagship programme, 'Rattirer Shaathi' (Helpers of night).

Pro Kabaddi League (PKL) franchises spent Rs 33.7 crore on the 20 most sought-after Kabaddi players during the Season 11 Player Auction. The franchises spent Rs 17.7 crore on the first day of the auction on August 15, followed by Rs 16 crore the next day. Bengal Warriorz spent Rs 4.90 crore during the auction, followed by Bengaluru Bulls (Rs 4.94 crore), Dabang Delhi K.C. (Rs 4.12 crore), Gujarat Giants (Rs 4.93 crore), Haryana Steelers (Rs 4.99 Crore), Jaipur Pink Panthers (Rs 4.86 Crore), Patna Pirates (Rs 4.64 Crore), Puneri Paltan (Rs 4.67 Crore), Tamil Thalaivas (Rs 4.96 Crore), Telugu Titans (Rs 4.68 crore), U Mumba (Rs 4.91 crore), and UP Yoddhas (Rs 4.87 crore). In Category, Tamil Thalaivas and Haryana Steelers acquired Sachin and Mohammadreza Shadloui Chiyaneh for over Rs 2 crore, making Chiyaneh the first international player to earn over Rs 2 crore in consecutive years.

Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice. Nair retired from SBI as DMD and chief credit officer (CCO) as recently as May this year. He takes over from S Krishnan who had resigned in September 2023 just a week after the bank wrongly credited Rs 9,000 crore to a Chennai cab driver. Krishnan was asked to continue till a replacement was found even as there was a lot of too and fro for contenders between the bank and the RBI.

Mint. “We see potential for at least 20-25 airports, including those in metros, to become hub airports," one of them said.

MUMBAI : As the nation celebrates Independence Day, a surge in travel enthusiasm has gripped well-to-do Indians. The extended holiday weekend has sparked a travel frenzy, with bookings for both domestic and international destinations witnessing a significant rise.

Air India Express has launched six new daily direct flights in a single day, said a press release on Tuesday. The Tata-owned Air India subsidiary airlines will be flying five new routes as a part of this launch which include Guwahati-Jaipur, exclusive to Air India Express. The new flights are operating on the Chennai-Bhubaneswar, Chennai-Bagdogra, Chennai-Thiruvananthapuram, Kolkata-Varanasi, Kolkata-Guwahati, and Guwahati-Jaipur routes. Moreover, to accommodate growing demand on the Chennai-Thiruvananthapuram route, which was previously served by two weekly flights, the airline has now added an extra daily service, increasing the total to nine flights per week. Air India Express now connects Chennai directly to 10 destinations which include Bagdogra, Bengaluru, Bhubaneswar, Guwahati, Hyderabad, Kolkata, and Thiruvananthapuram domestically, and Dammam, Kuwait, and Singapore internationally.

ITC Hotels said on Monday it had signed a Welcomhotel property with SRK Hospitality Pvt. Ltd. in Pushkar. Expected to open in 2026, it will be spread across nearly three acres. Located 50 kilometers from the Kishangarh airport, Welcomhotel Pushkar will offer 96 guestrooms, with banquet facilities and various food and beverage offerings including an all-day dining restaurant, lobby lounge, a specialty restaurant and bar. Recreational spaces include a swimming pool, fitness center, spa and a kids’ club. Anil Chadha, Chief Executive, ITC Hotels said the Welcomhotel brand continues to grow under the asset right strategy. «We recently opened the 25th Welcomhotel in Belagavi (Belgaum) Karnataka last month. Pushkar, located close to Ajmer and Jaipur, is one of Rajasthan’s most visited leisure destinations for its versatile offerings. Welcomhotel Pushkar shall showcase the legacy of this charming region,» he added.

To assess their real estate attractiveness and growth potential for the next five to six years, Colliers India has analysed over 100 emerging cities in its latest report, «Equitable Growth and Emerging Real Estate Hotspots.» From this pool of over 100 cities, 30 emerged as high-potential growth centres. Notably, 17 of these cities are expected to witness accelerated real estate development across three or more asset classes. The 17 emerging real estate hotspots are spread across the country. They are Amritsar, Ayodhya, Jaipur, Kanpur, Lucknow, and Varanasi in the North; Patna and Puri in the East; Dwarka, Nagpur, Shirdi, Surat in the West; and Coimbatore, Kochi, Tirupati, Visakhapatnam in the South and Indore, says Colliers India report.

smaller cities, which hold the default advantage of lower operational costs and low attrition rates. Two recent reports – the Economic Survey and Infosys ESG – suggest that tech firms and global capability centres (GCCs) of multinationals are increasingly expanding their operations beyond metros, thanks to a newer base of talent available after their relocation during Covid. What is driving them to smaller cities is high availability of talent that migrated during pandemic and didn’t return to their work locations post pandemic plus cost benefit across operations, said Munira Loliwala, vice president for strategy and growth at TeamLease Digital.

chikankari or phulkari from Punjab. Kashmir is one of the most militarised zones in the world with both political and economic instability. Its papier maché, wood carving, pashmina, carpet-weaving, and aari, sozni and kashida embroideries have long been coveted by art enthusiasts around the world but little has been done to ensure that the benefits reach the artisans.

Reserve Bank of India (RBI) on Thursday said 97.92 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,409 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal was announced, has declined to Rs 7,409 crore at the close of business on July 31, 2024. «Thus, 97.92 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,» the central bank said in a statement.

₹37,500 a night for a regular room, about 15-25% higher than its usual rates, Mint found in its research. Similarly, pool view suites at the plush ITC Grand Bharat in a remote corner of Gurugram in Delhi-NCR will start from ₹32,000 a night excluding tax, which is ₹8,000 higher than its usual rate.

India’s fast-expanding data centre industry is evolving beyond traditional hubs like Mumbai and Chennai, and expanding to emerging hotspots such as Kochi, Jaipur, Ahmedabad, Lucknow, Patna and Visakhapatnam as companies look to serve a growing but distributed user base across the country, executives from top companies said.

startup ElectricPe has raised USD 3 million (about Rs 25 crore) in a funding round led by Green Frontier Capital. The funding round saw participation from existing lead investors Blume Ventures, Micelio Fund and NB Ventures.