City Kolkata Financial News

ICC Men's World Cup 2023 and then apologizing for his controversial remark, former Pakistan all-rounder Abdul Razzaq is in the news again. And this time too, for all the wrong reasons. Razzaq launched a fresh tirade against the Indian cricket team after their defeat to Australia in the World Cup final.

digital payment fraud and cyber security issue. The meeting to be chaired by Financial Services Secretary will discuss issues related to financial cyber security and increasing digital payment fraud, sources said. During the meeting Indian Cyber Crime Co-ordination Centre will make a presentation on the latest statistics of digital payment frauds as reported in National Cyber Crime Reporting Portal (NCRP), including challenges and issues faced in countering such issues.

Bank of India (RBI), banks will remain closed in the following regions: Agartala, Aizwal, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Telangana, Itanagar, Jaipur, Jammu, Kanpur, Kohima, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar. Apart from this, banks will remain shut in Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Hyderabad-Andhra Pradesh, Imphal, Kochi, Panaji, Patna, Shillong and Thiruvananthapuram.

Calcutta High Court on Friday upheld a single bench order allowing a public meeting to be organised by BJP and addressed by Union Home Minister Amit Shah on November 29 here. The division bench presided by Chief Justice T S Sivagnanam dismissed an appeal by the West Bengal government, challenging the November 20 order of the single bench.

Mamata Banerjee said on Thursday that although plans were underway to expel Trinamool Congress MP Mahua Moitra, it would eventually help her before the elections — ending her silence over Moitra and making her party's stand clear following the recent 'cash for query' controversy. «She will benefit from the process. Now, she speaks inside Parliament.

Mamata Banerjee said on Thursday that she will go to New Delhi demanding funds for MGNREGA and other central schemes from Prime Minister Narendra Modi in mid December during Parliament's winter session. She also warned of staging dharna in New Delhi if denied permission to meet the Prime Minister. Banerjee stated that she aims to meet the Prime Minister with her MPs.

Amazon and the West Bengal Industrial Development Corporation (WBIDC) have signed a Memorandum of Understanding (MoU) to enhance exports from West Bengal. Through this partnership, numerous Micro, Small, and Medium Enterprises (MSMEs) in West Bengal will have the opportunity to sell their 'Made in India' products to customers on Amazon in over 200 countries worldwide. WBIDC will establish e-commerce export hubs and set up an e-commerce export facilitation cell in key districts of West Bengal, including Kolkata, North 24 Paraganas, South 24 Paraganas, Howrah, Hooghly, and others.

Narendra Modi a "Panauti", West Bengal Chief Minister today called PM Modi a «Paapi». She said this while addressing party workers at the Netaji Indoor Stadium in Kolkata.

Narendra Modi on Thursday and said the Indian cricket team won all matches in the ICC World Cup 2023 except the one that was attended by "sinners". “The Indian team played so well that they won all the matches in the World Cup, except the one attended by the sinners," Mamata Banerjee was quoted by news agency PTI as saying, without naming anyone. Her statement came days after Congress leader Rahul Gandhi for calling PM Modi a “panauti (bad luck)", while speaking at a rally in poll-bound Rajasthan on Tuesday.

Uber on Wednesday announced that it will soon start a bus service in Kolkata for office-goers. By March next year, Uber Shuttle will have 60 air-conditioned buses on predefined routes, connecting business districts with residential areas of the city, it said in a statement. Uber will invest $10 million in the state by 2025, and create about 50,000 livelihood opportunities over the next five years, it added.

India is readying a route on the Ganga river to move e-commerce cargo using the National Waterway 1. An agreement on these lines was signed between the Inland Waterways Authority of India (IWAI) and Amazon Seller Services for promoting cargo movement and transportation of customer shipments and products on Wednesday. An official statement said this partnership seeks to harness the efficiency and sustainability of water transport to optimize logistics, diminish environmental footprints, and promote economic development. Speaking on the occasion, Union Ports, Shipping, and Waterways Minister, Sarbananda Sonowal said, “This partnership would be an important step towards enhancing the movement of e-Commerce cargo through our Inland Waterways.

Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said.

KPMG LLP, a multinational audit, tax and advisory firm, has further expanded its presence in India with the opening of a new global delivery centre office in Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said. KPMG currently has over 250 professionals in Kolkata and has ambitious plans to double its workforce by FY'25, it added. This expansion reflects the firm's recognition of Kolkata's vibrant talent pool and its strategic importance to KPMG's growth strategy, the firm said. «The professionals in Kolkata are joining a team of individuals developing critical skills that support the audit today and the more data-driven audit we are driving towards,» said KPMG U.S.

UFO was spotted in the skies, officials told PTI. The disruption caused delays for three flights and led to the diversion of two planes before services were normalised after three hours, they added. The Indian Air Force Eastern Command at Shillong was also informed, as per the official.

NEW DELHI : Purple Style Labs, the parent of luxury fashion omni-channel platform Pernia’s Pop-Up Shop, has secured an $8-million (about ₹66.6 crore) Series-D round led by Sanket Parekh of the Pidilite family office, with participation from Signet, the family office of Harish Shah, Hira Group’s family office and other investors. Existing investors also participated, including Singularity Growth Opportunities Fund I, Neelesh Bhatnagar of NB Ventures, fashion designer Masaba Gupta, and the former partners of Premji Invest, Rahul Garg and Atul Gupta. The company was valued at $352 million for the fundraising.

Bank of India (RBI) imposed a penalty of ₹25,000 on Pudukkottai Co-operative Town Bank Ltd for non-compliance of the directions issued on ‘Board of Directors - UCBs’. “The Reserve Bank of India (RBI) has, by an order dated October 12, 2023, imposed a monetary penalty of ₹25,000 on The Pudukkottai Co-operative Town Bank Ltd., Pudukkottai, Tamil Nadu (the bank).

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident. According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them.

Reliance Industries Chairman and Managing Director, Mukesh Ambani, is expected to attend the upcoming Bengal Global Business Summit (BGBS), a state government official told PTI. The event will also see the attendance of prominent figures from companies such as ITC, Ambuja Neotia, and the Hiranandani Group, it added. Meanwhile, the attendance of Gautam Adani, the chairperson of Adani Group, remains uncertain, representatives from the group are slated to be in attendance.

World Cup 2023 at the Narendra Modi Stadium in Ahmedabad on November 19. Ahead of the mega encounter, all eyes are set on the predicted playing XI of both sides, the pitch report and where the match could be watched live. The India vs Australia final will be a day-night match, with a reserve day listed on November 20 if the match cannot be played or completed on November 19.

Narendra Modi said on Saturday he was "delighted to know" that Mick "found joy among the people and culture here (India)". Mick is the lead vocalist of British rock band The Rolling Stones'. With a reference to a song by The Rolling Stones "You Can't Always Get What You Want', PM Modi said, "‘You Can’t Always Get What You Want’, but India is a land brimming with seekers, offering solace and ‘Satisfaction’ to all...Do keep coming..." PM Modi said this while responding to Mick Jagger's "Thank you" note to India.