City Kolkata Financial News

Parliament security breach incident, was arrested on Thursday evening, police sources said. According to them, Jha was arrested from the national capital. In a major security breach on the anniversary of the 2001 Parliament terror attack on Wednesday, two men — Sagar Sharma and Manoranjan D — jumped into the Lok Sabha chamber from the public gallery during Zero Hour, released yellow smoke from canisters and shouted slogans before being overpowered by MPs. Around the same time, two others, including a woman, raised slogans and released yellow smoke from canisters outside the Parliament premises, prompting police to round up the duo. According to police, the Parliament security breach was well-coordinated, meticulously planned and carried out by six people, all of whom are now in police custody. While Sagar, Manoranjan, Amol and Neelam were nabbed from incident spot, their accomplice Vishal, in whose house they stayed before reaching Parliament, was detained from Gurugram. «Jha was arrested from New Delhi,» a police source said on Thursday. Neighbors of Lalit Jha, the alleged mastermind in the Parliament security breach, were surprised to see his images on news channels, recalling him as a reserved individual who seldom engaged with the community at Burrabazar in Kolkata. Papun Shaw, a tea stall owner at Rabindra Sarani in the Burrabazar area, the business district of the city, identified Jha as a 'teacher' who disappeared two years ago. Shaw said, «He was known as a teacher, used to teach local students. A few years back, he came to the area and was living alone.

A home is in all likelihood the most expensive asset purchase people make during their lifetime. However, when it comes to adequately protecting this asset, we tend to be targets of optimism bias. It is no surprise that home insurance penetration is just about 1% in India. This is in stark contrast to countries like US, UK, France, Australia and China that have home insurance penetration in the range of 90-97%.

₹50 crore over the next decade, aiming to build on its current presence of 32 stores across nine cities and partnerships with eight international brands. This expansion reflects a marked change in India's luxury landscape, noted by co-founders Samir Gadhok and Avani Raheja. India's rapidly growing luxury goods market is projected to hit $8.5 billion in 2023, a significant increase from 2021, as per Euromonitor International.

Hyderabad with a rank of 153, Pune at 154 and Bengaluru in the 156th position are the three highest placed among Indian cities in Mercer's worldwide quality of living ranking for 2023 which rates Vienna in Austria at the top of the list. Chennai is the fourth Indian city in the list at the 161 spot followed by Mumbai at 164. Kolkata (170) and New Delhi (172). Mercer's Quality of Living data assesses the practicalities of daily life for expatriate employees and their families in assignment locations worldwide. Vienna retained its top position in the list, which was last published in pre-Covid 2019.

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.

Tata Power said on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, the company said in a statement.

ALSO READ: Glenn Maxwell says, ‘IPL will probably be the last tournament I ever play’, explains why BCCI Secretary Jay Shah said a maximum of 77 slots are now available with up to 30 being slotted for overseas players. Also, ₹2 crore is the highest reserve price with 23 players choosing to be slotted in the highest bracket, while 13 players are in the auction list with a base price of ₹1.5 crore.

₹24.60 crore from the upcoming public offer. Established in 2006, Shree OSFM E-Mobility Limited, formerly recognized as Om Sai Fleet Management (India) Private Limited, specializes in delivering employee transportation services to prominent multinational corporations (MNCs) with a widespread presence in major cities throughout India. The company has offices in 42 sites in cities like Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata.

Two-wheeler manufacturer Royal Enfield has opened its first warehouse in the eastern region to cater to the needs for spare parts, a spokesperson of the company said on Monday. With the establishment of the warehouse near Kolkata, the transit time for the supply of motorcycle parts will reduce significantly and also help develop channel partners.

After the T20 match, India play three One Day Internationals which is scheduled between December 17 and December 21. Thereafter, the first test starts on Dec. 26 in Pretoria, with the second on January 3 at Newlands in Cape Town. The India series will be South Africa's first international match since losing to Australia in the Cricket World Cup semifinal at Kolkata. After the World Cup India had played a 5-match T20 against Australia at home and had beaten the World Champions 4-1 in the series. According to weather forecasts, there are chances of rain interrupting the second T20 match between South Africa and India in Gqeberha, AccuWeather says the probability of precipitation on Tuesday (December 12) is 83% in Gqeberha, and probability of thunderstorms is 17%. «Some sun, then turning cloudy with a couple of showers, mainly later; breezy in the afternoon,» says AccuWeather website. The match day-night match is scheduled to start at 8:30 pm (IST) on Tuesday. The weather today in Gqeberha is partly sunny according to the website.

ITC’s pivot to fast moving consumer goods (FMCG) has helped the company to not just diversify and reduce dependence on its traditional tobacco business, but to also give a clear road map on its next stage of growth. A look at ITC’s top line shows the revenue share of its tobacco business has nearly halved—from 62% in FY14 to 37% in FY23. This change can’t come about unless you understand the Indian consumer. Sanjiv Puri, chairman and managing director of ITC, is among the few executives who has a finger on their pulse.

₹2.5 lakh. The retired official, named SP Sinha, resided in Kolkata's Thakurpukur lost his life savings to a treacherous call deceiving to be from the bank where he held an account. The agent called Sinha and disguised as bank official stationed at “table number 3" of the same branch where Sinha held his pension account, reported Metro.

West Bengal's Murshidabad Medical College tragic befell, when nine newborns died within a span of twenty four hours. Out of the 10 babies, three were born in the hospital and seven were brought there from other medical facilities for treatment, hospital officials informed said. The senior official also informed that of the nine newborns who died, two were suffering from congenital heart diseases, one had congenital neurological problem, two were suffering from septicemia, three had low birth weight and one had congenital problem along with low birth weight.

The first half of fiscal year 2024 remained lacklustre for commercial office space activity across the top 7 cities, with both net absorption and new completions remaining largely stagnant compared to the same period last year. New office supply across the top 7 cities rose by a meagre 5% in H1 FY2024 against H1 FY23, and net office absorption saw a marginal yearly decline of 1% in this period.

ANI has reported. IT sources told ANI that the counting of notes up to an amount of ₹50 Crores completed till yesterday but since the number of notes is so high the machines stopped working.

ANI, the discussion on the "Economic Situation in the country", raised by Trinamool Congress MP Derek O'Brien on Dec 5, will continue in the Rajya Sabha today Additionally, BJP MPs Anil Jain and Neeraj Shekhar are to present the 249th and 250th reports (in English and Hindi) of the Department-related Parliamentary Standing Committee on Home Affairs in the Rajya Sabha. BJP MP Chhedi Paswan to lay the Statements of the Committee on the Welfare of Scheduled Castes and Scheduled Tribes (2023-24).

Himadri Speciality Chemical Ltd on Wednesday said it will invest Rs 4,800 crore over the next 5-6 years to set up a manufacturing facility for Lithium-ion Battery components. In a regulatory filing, the company informed that the board at its meeting held on Tuesday, has approved «setting up of the manufacturing facility for the production of Lithium-ion Battery (LiB) components with total annual production capacity of 200,000 tonnes, either directly and/or through its subsidiaries, with an estimated project cost of Rs 4,800 crores in phases over a period of 5 to 6 years.» The investment will be made largely from internal accruals and the balance from debt, it added.

Central Bureau of Investigations (CBI) has conducted search operations in around 13 locations in West Bengal and Karnataka in its investigation related to the IMPS transactions worth Rs 820 cr in UCO Bank accounts. Kolkata-based UCO Bank had registered a complaint against two Support Engineers who worked with the bank alleging suspicious transactions through Immediate Payment Service (IMPS) amounting to around Rs 820 crore. Despite reporting the matter to law enforcement agencies, the state-owned bank did not clarify whether this technical glitch was due to human error or a hacking attempt. Apart from the accused, the CBI's search also included the premises of private persons and bank officials.

Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft.

Congress may be relieved with its defeat in the Hindi heartland. Split of anti-BJP votes led to Congress' defeat, said Trinamool Congress chief Mamata Banerjee and SP chief Akhilesh Yadav in their first reaction to the poll results. «I think BJP will not return to power if seats sharing is finalised early after a proper consensus,» Banerjee said in Kolkata on Monday. BJP wins in MP, Rajasthan and Chhattisgarh were not impressive as margins were slim, she said.

Geomagnetic Storm Watch for Monday. There is a likelihood of moderate Northern Lights activity starting Sunday night into Monday morning, and there is potential to witness the lights as far south as southern Wisconsin and northern Nebraska. Ongoing solar eruptions have been sending plasma towards Earth, prompting the SWPC to issue another Geomagnetic Storm Watch.