City Kolkata Financial News
22.10 / 04:29
markets
Digital
Assurant
Strategy
hospital
SOLIDARITY
Colleges
Bengal junior doctors end hunger strike after meeting with Chief Minister Mamata Banerjee
RG Kar Medical College rape and murder case in Kolkata ended their hunger strike after a two-hour-long meeting with Chief Minister Mamata Banerjee at the state secretariat Nabanna on Monday night. «Today at the meeting with the Chief Minister, we got the opportunity to discuss many things and she also spoke to us about many things. We have got assurance of some directives, which she said we would get by 3 pm p.m. tomorrow,» SayantGhosh Hazra, a junior doctor, told ANI after the meeting. Seventeen junior doctors participated in the meeting with Chief Minister Mamata Banerjee. The meeting was telecast live from the secretariat.
21.10 / 15:39
markets
COST
Digital
Strategy
Experts
Universities
PAM
Partha Pratim Sengupta likely to assume charge at Bandhan Bank on Nov 1
Partha Pratim Sengupta is likely to assume charge as managing director and chief executive officer of Bandhan Bank on November 1, ending four months of leadership gap at the Kolkata-based universal bank having a microfinance legacy. The immediate challenges for Sengupta would be to address the asset quality stress the lender has been facing, especially on its microfinance portfolio, and to contain the higher operational expenses, according to banking experts. A few formalities are yet to be completed, but he will most probably take charge on November 1, two people in the know said. «If not, he will definitely join within the first week of November,» said another bank official.
21.10 / 12:41
markets
Man
social
concert
song
singer
Videos
Shreya Ghoshal's concert turns romantic as Kolkata man proposes to girlfriend; singer dedicates song. Viral Video
The proposal began when the man, Rishi, held up a placard during the concert that read, “Shreya, you’re my second love.” Amused, the 40-year-old singer paused her performance and playfully asked, “Then who’s your first love?” Without missing a beat, Rishi pointed to his girlfriend, Antara, and expressed his desire to propose to her in front of the audience.
21.10 / 07:23
COST
UPS
Provident
trends
reports
Schools
India Inc wants to stay close to startups with incubators and accelerators
Subscribe to enjoy similar stories. Large companies and late-stage tech companies, along with government agencies and venture capital firms, are increasingly looking for ways to stay close to the startup ecosystem, launching in-house accelerators and incubators to remain agile and fend off competition that's nipping at their heels. While edtech unicorn PhysicsWallah launched its PW School of Startups in September, gaming unicorn Games24x7’s TechXpedite was renewed for a second edition this month.
19.10 / 12:35
Assurant
WhatsApp
Healthcare
Justice
stage
hospital
Colleges
People take out 20-km-long protest march demanding justice for RG Kar victim
protest march on Saturday demanding justice for the woman doctor who was raped and murdered at state-run RG Kar Medical College and Hospital. The protesters, including doctors and members of the civil society, took out the march from Sodepur in West Bengal's North 24 Parganas district and it was scheduled to culminate at Esplanade in central Kolkata where junior doctors have been staging a fast-unto-death for the last fortnight. Participants raised slogans demanding justice for the woman doctor who was found raped and murdered in the medical college on August 9. Some junior doctors have been staging a fast-unto-death in Esplanade area for the last 15 days, demanding justice for the victim and calling for systemic changes in the state's healthcare infrastructure.
19.10 / 11:57
Manufacturing
Sustainability
President
Universities
PAM
innovations
Abhyuday Jindal to helm Indian Chamber of Commerce
Abhyuday Jindal has been named president of Indian Chamber of Commerce (ICC) an industry body founded in 1925, that has its headquarters in Kolkata, as per a press release. Jindal who graduated from Boston University with a degree in Economics and Business Management is the managing director of Jindal Stainless, a stainless steel manufacturer with annual turnover of Rs. 38,000 crore. “It is my vision to strengthen ICC’s role as a catalyst for economic growth and innovation. Drawing from my experience across sectors, I aim to promote sustainable business practices, foster inclusive growth, and advocate for policies that empower Indian industries globally”, said Abhyuday Jindal.
18.10 / 00:19
markets
Digital
Action
Sustainability
Experts
PAM
RBI bans four finance companies from sanctioning and disbursing new loans
finance companies, including Sachin Bansal-led Navi Finserv and Mitsubishi UFJ Financial Group-backed DMI Finance, from sanctioning and disbursing new loans as they were found to be charging excessive interest rates. This follows a warning by the RBI governor earlier this month over such practices. The other two companies are Manappuram Finance-promoted Asirvad Micro Finance Ltd and Kolkata-based MFI Arohan Financial Services Ltd. The RBI’s directive comes into effect from the close of business on October 21, the central bank said in a statement on Thursday. “Unfair and usurious practices continued to be seen during the course of onsite examinations as well as from the data collected and analysed offsite,” the RBI said. The action comes less than 10 days after central bank governor Shaktikanta Das warned some non-banking finance companies (NBFCs), microfinance companies (MFCs) and housing finance companies (HFCs) against “aggressively pursuing growth without building up sustainable business practices.”
16.10 / 07:29
markets
Provident
Airlines
Strategy
country
travelers
Destinations
IndiGo, Malaysia Airlines enter codeshare partnership for enhanced connectivity in India, Malaysia
Malaysia Airlines and IndiGo entered a strategic codeshare partnership following the Memorandum of Understanding (MoU) signed in April 2024. The partnership aims to boost connectivity and elevate the traveller experience across its key hubs within Malaysia and India.
16.10 / 00:37
markets
Digital
Platform
Strategy
community
wellness
Healthcare
Eldercare startup Primus Senior Living raises $20 million from General Catalyst, others
Eldercare startup Primus Senior Living has raised $20 million in a seed funding round led by General Catalyst, with participation from Zerodha cofounder Nikhil Kamath and Gruhas, the investment firm co-founded by Kamath and Abhijeet Pai of Puzzolana Group. General Catalyst contributed $7 million to the round, while Kamath and Gruhas invested the remaining $13 million, according to Adarsh Narahari, founder and managing director of Primus. Led by Narahari, Bengaluru-based Primus is developing a comprehensive eldercare platform offering various services, including healthcare, wellness, lifestyle, and social engagement—all delivered to elders in their homes.
15.10 / 13:11
markets
Citi
FIVE
Deloitte
trends
reports
Housing price of new projects jump over 145% in two Delhi-NCR areas in 5 years; check property price rise in your city
The report highlights that Gurugram has experienced the most significant increase in newly-launched housing prices, jumping from Rs 7,500 per square foot in 2019 to Rs 19,500 per square foot in 2024. It marks an increase of 160% in five years. Noida has experienced a price jump from Rs 6,500 in 2019 to Rs 16,000 in 2024, reflecting a rise of 146% in five years. Bengaluru prices has risen from Rs 5,051 in 2019 to Rs 10,020 in 2024, a notable increase of 98% in five years. In Hyderabad, the price rose from Rs 4,686 in 2019 to Rs 8,500 in 2024, representing an 81% rise in five years. Chennai recorded a surge from Rs 4,451 in 2019 to Rs 8,023 in 2024, indicating an 80% rise during the five-year period.
14.10 / 21:12
markets
MET
Digital
Strategy
Experts
hospital
RG Kar rape-murder: No outcome as West Bengal Chief Secretary sppeals to junior doctors to end hunger strike
Bengal Chief Secretary on Monday urged the agitating junior doctors to withdraw their hunger strike stating that seven of their ten demands have been met, and expressed concern over their health condition. However, the protest continued even after Chief Secretary Manoj Pant held a meeting with different senior doctors' associations, including the Indian Medical Association (IMA), on Monday. Meanwhile, the West Bengal Junior Doctor's Front (WBJDF) held a Raj Bhawan 'abhijaan' (march) on Monday and submitted a deputation to Governor CV Ananda Bose, seeking justice for the deceased doctor who was raped and murdered at RG Kar Medical College & Hospital on August 9. At least 12 doctors' organisations met the state administration, led by the chief secretary, home secretary and other senior health officials, at the Health Department Swasthya Bhawan. WBJDF members were not present at the meeting even as the fast-unto-death protest taken up by WBJDF at Esplanade entered the tenth day on Monday.
14.10 / 18:34
COST
Citi
Booking
Research
country
travelers
Hot air balloon, Limousines, and hammams: A luxurious ₹5 lakh Turkish Holiday
Subscribe to enjoy similar stories. Kolkata-based Paayel Sengupta and Ankur Das have a ritual of taking a foreign holiday each year. Having travelled across Southeast Asia extensively, this year they set their sights on a different journey—one that would take them to the captivating crossroads of East and West, beginning with the rich history and stunning landscapes of Turkey.
08.10 / 14:07
markets
UPS
Provident
Olympics
cricket
Sporting
hockey
Can the new Hockey India League replicate IPL’s success?
Subscribe to enjoy similar stories. Bengaluru: Dilip Tirkey remembers the evening of 13 January 2005 like it was yesterday. Tirkey, then India’s hockey captain, created history at the Gachibowli Stadium in Hyderabad.
08.10 / 06:57
markets
Digital
Election
Justice
stage
hospital
Colleges
Junior doctors stage 'fast-unto-death' over RG Kar horror, medics to bring out rally
West Bengal government urging them to return to work, junior doctors continued their 'fast-unto-death' for the fourth consecutive day on Tuesday amid Durga Puja festivities demanding justice for the RG Kar rape-murder victim, even as around 15 senior doctors joined them in solidarity by staging a symbolic hunger strike.
04.10 / 17:33
markets
UPS
MET
Justice
hospital
Colleges
Junior docs call off 'total cease work'; threaten hunger strike if demands not met within 24 hrs
junior doctors demanding justice for the RG Kar medic on Friday evening called off their 'total cease work' at state-run medical colleges and hospitals but threatened to launch a hunger strike till death if their demands were not met by the West Bengal government within 24 hours. «We are calling off our 'total cease work' and returning to duties. But we will continue our sit-in protest. We will give the state administration 24 hours to fulfill our demands or else we will start a hunger strike till death,» an agitating doctor, Debasish Halder of Kolkata Medical College and Hospital, said. Braving the incessant drizzle, junior doctors holding one big clock in their hands reiterated their demands including the directive to form a central inquiry committee for disciplinary proceedings against alleged perpetrators involved in «threat culture» in all medical colleges of West Bengal, among others. «But the state government must not think that we are calling off our agitation as we are scared. If they think there is nobody with us, they are wrong. We have full support of the common people,» he said.
02.10 / 15:43
markets
Citi
security
Football
travelers
Schools
Mohun Bagan football team refuses to travel to Iran for game against Tractor SC because of security fears
Mohun Bagan Super Giants has refused to travel to Iran to play Tractor SC in an Asian Champions League Two match scheduled for Wednesday because of the escalating security problems in the country and region. The Kolkata club asked the Asian Football Confederation to reschedule the match, which was due to take place in the northwestern city of Tabriz. The teams play in the continent's second-tier competition. The organization released a statement on Tuesday that said: «The matter will be referred to the relevant AFC Committees with further updates to be communicated in due course.»
01.10 / 19:45
markets
FIVE
Mobile
information
reports
Schools
Investigations
NIA conducts raids at 12 places in West Bengal over Maoist links
NIA) on Tuesday conducted raids at 12 places in West Bengal, including one in Kolkata in connection with alleged Maoist funding links. The raids were conducted in Kolkata's Netaji Nagar, North 24 Parganas district's Panihati, Barrackpore, Sodepur, Asansol and several other locations. The NIA along with the West Bengal Special Task Force (STF) conducted the raids. Two women, who worked with an NGO in the past, were quizzed in connection with the case by the NIA. Several documents were seized during the raids, people in the know said.
01.10 / 09:01
markets
UPS
IPO
Manufacturing
Analysis
Trade
track
Kolkata-based Rahee Infratech files DRHP for IPO
Rahee Infratech Limited, an integrated railway civil engineering, manufacturing, and construction company in India, has filed its draft red herring prospectus (DRHP) with the market regulator SEBI to raise funds through an initial public offering (IPO). The IPO with a face value of Rs 2 per equity share is a mix of fresh issues of up to Rs 420 crore and an offer for sale of up to 2.7 million equity shares.
01.10 / 02:19
Provident
Aviat
Manufacturing
Research
country
testing
New drone PLI to focus on R&D, manufacturing, may leave out testing
Subscribe to enjoy similar stories. New Delhi: The government is likely to allow sops for research & development and manufacturing under a new productivity-linked incentive policy for drones that is being discussed within the government, two people told Mint. The original proposal was to provide incentives for testing, R&D and manufacturing.
01.10 / 02:19
30.09 / 19:15
markets
Progressive
hospital
reports
Schools
Courts
Investigations
RG Kar case: 'Substantial leads' in CBI investigation, says Supreme Court
rape and murder of a 31-year-old resident doctor at RG Kar hospital has revealed «substantial leads». The observation was made by a bench headed by Chief Justice of India (CJI) DY Chandrachud on Monday after perusing the fourth status report submitted in a sealed cover by the federal agency. Refusing to divulge further details of the status report, the Bench said that «substantial leads» have emerged in the investigations pertaining to the rape and murder of the resident doctor and the alleged financial irregularities at the RG Kar Hospital allegedly involving Sandip Ghosh, former principal of the hospital, who was booked by the CBI.
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