City Kolkata Financial News

West Bengal Chief Minister Mamata Banerjee will inaugurate 47th International Kolkata Book Fair on January 18 in the presence of Alex Ellis CMG, British High Commissioner to India, Director of British Council-India Alison Barrett and eminent author Bani Basu along with other authors, dignitaries and various ministers of state. «There will be around 1000 stalls and Little Magazines. This year we have allotted stalls to many more small publishers at the Book Fair,» Sudhangshu Sekhar Dey, Honorary General Secretary of the Book Fair Guild said. Around 20 Countries across the globe will participate at the International Kolkata Book Fair 2024.

₹45,000 crore investment to develop river cruise tourism, aiming to leverage India's inland waterways for economic growth. This investment includes ₹35,000 crore for cruise vessels and ₹10,000 crore for cruise terminal infrastructure by 2047, the ministry said in a statement. The decision, aimed at transforming India's inland waterways into dynamic commercial channels, was taken at the inaugural Inland Waterways Development Council (IWDC) meeting in Kolkata.

Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffic and population density, as it aims to break the barriers for large-scale adoption of electric vehicles. India's top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.

Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.

Mumbai Police receive threat of blasts ahead of New Year, investigation underway Based on the complaint filed by the museum management, an offence under section 505 (1) (b), 506 (2), 182 of the Indian Penal Code was registered against unidentified persons at Colaba police station. An investigation into this matter is underway.

Mizoram chief minister Lalduhoma said that Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but not interested in mass tourism. Merchants' Chamber of Commerce & Industry (MCCI) organised a Felicitation & Interactive Session of the new Mizoram chief minister in Kolkata. He said, “Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but is not interested in mass tourism”. He said that Mizoram is the second largest producer of bamboo in Northeastern India and second largest producer of strawberries in India. It is a gold mine for researchers seeking out medicinal and aromatic plants.

Dilip Bhikhalal Desai, co-founder & chairman of professional services firm DHC Advisory LLP, has purchased a sea-view luxury duplex apartment in a super-premium tower opposite the Breach Candy Club in South Mumbai’s plush Breach Candy locality for over Rs 85 crore. The transaction values the apartment spread over 5,874 sq ft on the 10th and 11th habitable floor of super-luxury residential tower Bishopsgate at nearly Rs 1.45 lakh per sq ft, pushing it higher in the tally of most expensive homes sold on per sq ft basis anywhere in the country. Kolkata-based Desai has acquired the property along with his wife from a private family trust based out of Mumbai. The buyers have paid Rs 5.10 crore as stamp duty alone for the registration of the deal that took place on December 13. As per the agreement, the buyer will also get exclusive access to a total five covered car parking slots in the tower along with the duplex apartment, showed the documents accessed through IndexTap.com. Mumbai-headquartered DHC Advisory is among the oldest Indian professional services firms with presence across 11 cities and 20 offices.

Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.

shop online. After the Covid lockdowns, retailers had started shutting stores or reducing the size of stores to save on rentals.

Bandhan Bank reported a growth of 18.6 per cent in its loans and advances during the third quarter ending December 31 at Rs 1,15,964 crore. In a regulatory filing on Thursday, the Kolkata-based bank said the figure stood at Rs 97,787 crore during the year-ago period.

Mamata Banerjee's recent meeting with Prime Minister Narendra Modi on pending MGNREGA dues and various central schemes, two nodal officers have been appointed by the Centre and two by the Bengal government to resolve the issues. Sadvi Niranjan Jyoti, Union minister of state (MoS) rural development, who was in Kolkata on Wednesday to attend some political programmes, said, «People of West Bengal are also our own. Their rights cannot be snatched or taken away by any individual or “parivaarbaadi” (who pursues dynastic politics) people.

DB Realty, stands as a beacon of leadership in the Indian real estate arena. Born in 1959 in Kolkata, his journey from the vibrant city to the bustling metropolis of Mumbai marked the beginning of a career that seamlessly blended academic brilliance, sporting prowess, and visionary leadership. This article explores the early life, professional achievements, and enduring values that define Vinod Goenka's leadership, with a particular emphasis on luxury, lifestyle, and his commitment to sustainability.

Star Sports’ broadcast of IPL Auction 2024 which was held on December 19, has equalled the highest viewership for any ‘mini’ auction in BARC history. The live auction was watched by 22.8 million viewers, which is 29 per cent higher than last year.

Trinamool Congress Supremo Mamata Banerjee dislikes corruption and it is the ‘dirtiest” thing that exists in the party, Trinamool Congress Minister and Kolkata Mayor Firhad Hakim said on Monday while speaking on the party's 27th Foundation Day today. Meanwhile, West Bengal Chief Minister Mamata Banerjee took to X Handle and thanked people, saying that based on people’s strength and their “unflinching support”, her party will continue to fight for everyone in this “great democratic country”. «A section of Trinamool Congress has been involved in corruption and they did wrong but that does not mean all are corrupt,” Hakim said.

₹0.50 to ₹4.50 per cylinder. The Petroleum and Natural Gas Regulatory Board (PNGRB) may recommend a specific allocation of natural gas used for cooking, two people aware of the matter told Mint earlier in December, 2023. City gas distributors (CGD) supply both compressed natural gas (CNG) for transportation and piped natural gas (PNG) for cooking.

MV Chem Pluto, approximately 220 nautical miles South West of Porbandar indicates a shift in maritime incidents closer to Indian EEZ," the Indian Navy said. The Navy said the overall situation is being closely monitored by the Indian Navy in coordination with national maritime agencies. "The Indian Navy remains committed to ensuring the safety of merchant shipping in the region," the statement added.

New Year's Eve with a festive display, adding a touch of sparkle and brightness to kickstart the new year on a positive note. As the countdown to midnight progresses, individuals worldwide are gearing up to set their New Year's resolutions.

Republic Day, which falls on Friday this year, is the only national holiday when banks will be closed for long weekend as it is followed by fourth Saturday and Sunday. List of long weekends in 2024: Plan your holiday trips now to save money in the new year Here is a look at bank holidays in January 2024 across states: January 1 (Monday) New Year’s Day- Banks are closed in Mizoram, Tamil Nadu, Sikkim, Arunachal Pradesh, Manipur, Nagaland, and Meghalaya these states will be closed on January 1 on the occasion of New Year’s Day. January 2 ( Tuesday) New Year’s Celebration: Banks will be closed in Mizoram. January 11 (Thursday), Missionary Day: Banks closed in Mizoram. January 15 (Monday); Uttarayana Punyakala/Makara Sankranti Festival/Maghe Sankranti/Pongal/Magh Bihu- Banks closed in Karnataka, Orissa, Tamil Nadu, Andhra Pradesh, Telangana, Sikkim, Assam. January 16 (Tuesday); Thiruvalluvar Day- Banks closed Tamil Nadu. January 17 (Wednesday)- Uzhavar Thirunal/Sri Guru Gobind Singh Ji Birthday- Chandigarh and Tamil Nadu, January 22 (Monday)- Imoinu Iratpa- Banks are closed in Manipur. January 23 (Tuesday)- Gaan-Ngai- Banks are closed in Manipur. January 25 (Thursday)- Thai Poosam/Birthday of Md. Hazarat Ali- Tamil Nadu, Maharashtra, Uttar Pradesh. January 26 (Friday)- Banks are not closed in Tripura, Uttarakhand, Bengal.

The EMI (Equated Monthly Instalment) to income ratio for households has improved in 2023 after the brief decline in affordability in 2022, according to Knight Frank India’s proprietary Affordability Index.

₹15,000 crore. These projects consist of a range of developments like an airport, a railway station, a highway and an expansion of an existing railway line.

ANI. As per another traffic advisory that was also issued on Friday certain traffic regulations would be implemented from 6 pm of December 31 until 6 am of January 1. The advisory mentions that specific routes will remain closed for traffic include NS Road North Bound, Adam Street, P Ramchandani Marg, KS Dhariya Chowk, Madamcama Road, Barrister Rajni Patel Marg and Vinay K Shah Marg.