City Kolkata Financial News

August bank holiday list August 29 (Tuesday)- Thiruvonam- Banks are closed in Kerala. August 30- (Wednesday)- Raksha Bandhan- Banks are closed in Rajasthan, Himachal Pradesh. August 31- (Thursday)- Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol- Banks are closed in Uttarakhand, Assam, Kerala, Uttar Pradesh.

₹54600 per 10 grams for 22 carats, and ₹59550 per 10 grams for 24-carat in the spot market. Bangalore- Rs59400 Chennai- Rs59750 Delhi- Rs59550 Kolkata- Rs59400 Mumbai- Rs59400 Pune- ₹59450 Bangalore- ₹54450 Chennai- ₹54750 Delhi- ₹54600 Kolkata- ₹54450 Mumbai- ₹54450 Pune- ₹54450 However, the rates mentioned above do not include GST, and other levies. 24k gold is available in the market in the form of bars and coins.

India tries to boost domestic supplies of food grains and onions by restricting exports through levying customs duty and other steps, exporters and government officials are divided on what is the correct market price of the commodities on which the tax is calculated. The lack of a proper system to calculate the tax, say both sides, is being misused by some traders for under-invoicing to nullify the impact of customs duty and illegal shipment of banned commodities. At present, customs duty is calculated on the value of the commodity shown by the exporter in the invoice. “The value of onions shown by some exporters at Kolkata is $150/tonne, while the transport cost of onions from Nashik to Kolkata is $140/tonne. This implies that the exporter purchased onions at Re 0.80-1.00/kg, while the current price of the export quality onion is Rs 23-24/kg,” said an exporter of onion from Maharashtra, who requested not to be identified. Meanwhile, sensing the misuse of the system in the export of non-basmati parboiled rice, the government said on Sunday that only the export contracts having a minimum price of $1,200/tonne will be cleared for shipments under the basmati rice category. India has imposed a 20% customs duty on parboiled rice and banned the export of non-basmati white rice.

Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla group company undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), according to sources aware of the matter. The resolution offer made by Dalmia Bharat Refractories was cleared by over 75% of creditors of Birla Tyres, well past the two-thirds majority threshold mandated under the Insolvency and Bankruptcy Code for approval of revival plans of stressed companies.Axis Bank leads the group of creditors. Voting on the resolution plan concluded last week.ET had first reported on August 19 that Dalmia Bharat had submitted a revised plan for Birla Tyres. The resolution proposes to repay around ₹300 crore of Birla Tyres' debt.

Indian government has appointed Geetika Srivastava, joint secretary (Indo-Pacific) in the external affairs ministry, to head the post of chargé d’affaires in the Indian high commission in Islamabad, said a report by Hindustantimes.com citing people familiar with the matter. She will be the first woman diplomat to hold this post in the Indian high commission in Islamabad.

Saradha group money laundering case and named a former DGP and an ex-CPM MLA as accused.

Kolkata, August 2023: Leading FMCG Giant Prabhuji Sweets and Namkeens, proudly announces an exclusive partnership with Bollywood superstar Shah Rukh Khan and acclaimed actress Rashmika Mandanna. While Prabhuji Sweets and Namkeens' products are cherished delicacies that have been synonymous with India's culinary heritage, this collaboration is rooted in a shared vision to celebrate and share authentic Indian flavors with the world.

The Caribbean Premier League (CPL) recently witnessed a groundbreaking moment as the red card system was put into action during the 12th match of the ongoing season. The new system, introduced by the league to counter the issue of slow over-rates, made its debut as Trinbago Knight Riders faced off against St Kitts and Nevis Patriots. In an attempt to maintain the pace of the game, the CPL had earlier announced the implementation of a football-inspired red card system, effective from the 2023 season onwards.

Also Read: Heavy rains to continue in northeast India till Monday: IMD Furthermore, the weather authority has also foreseen occurrences of thunderstorms accompanied by lightning across various parts of the nation. Thunderstorms accompanied by lightning are expected in various regions on August 28, encompassing Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram, Tripura, Tamil Nadu, coastal Andhra Pradesh, south interior Karnataka, Puducherry, Karaikal, Yanam, as well as the Andaman & Nicobar Islands.

firecracker factory in West Bengal's North 24 Parganas district on Sunday morning, police said. The explosion happened when several people were working at the factory in Nilgunj's Moshpole in Duttapukur police station area, around 30 km north of Kolkata, they said. Among those injured were many women and children, they added. The impact of the blast was such that not only did the house where the factory was operating turn into a heap of rubble, but some neighbouring concrete houses were also damaged. Police said they suspect that several people are still stuck under the rubble. Rescue and relief work are underway in the area, and firefighters are working to douse the blaze that broke out as a result of the explosion, they said. A huge contingent of police and personnel of the disaster management department are also at the spot, they added. Twelve people were killed in a similar explosion at an illegal firecracker factory in Purba Medinipur district's Egra in May. Leader of Opposition Suvendu Adhikari of the BJP alleged that the state has turned into the storehouse of powder kegs. «There is no monitoring of illegal activities by the police.

The Indian Express, the individual taken into custody has been recognized as Bhakt Banshi Jha (36), originally from Darbhanga, Bihar. According to authorities, Jha was employed as a delivery personnel at a courier company based in New Delhi.

Praggnanandhaa along with three other quarter-finalists, will undergo a four-day tactical camp here from August 30.

Pakistan spy, who is a resident of Bihar, was arrested from Kolkata and sensitive documents were seized from his possession, a senior police officer said on Saturday. Acting on a tip-off, Kolkata Police personnel nabbed the man from his residence in Howrah on Friday. «He was found directly involved in activities prejudicial to the safety of the country,» the officer said. The man was arrested late on Friday night after hours of grilling, he said. «Secret information in the form of photographs, videos and online chats were found in his mobile phone.

Indians were granted a total of 17,379 work visas last year, Federal Foreign Office of Germany said. Germany granted a total of 152,336 national work visas to foreigners in 2022, representing a significant increase compared to 2021. Out of the total visas issued to Indians, 8,613 work visas were granted by the German Consulate General in Bangalore. The second-highest number of work visas for Indians was granted by the German Consulate General in Mumbai (3,013), followed by the Consulate General in Chennai (2,483), the German Embassy in New Delhi (2,434), and the German Consulate in Kolkata (836). Turkish nationals are the second-largest beneficiaries of work visas issued by Germany followed by Bosnians, Kosovars, Russians, Albanians, and North Macedonians. This comes at a time when German cabinet on Wednesday passed a draft bill to ease the citizenship law, hoping a faster track to German nationality will attract skilled migrants to plug chronic labour shortages holding back Europe's biggest economy. Some experts caution that progress may be slow, noting parts of Germany's administrative machinery are already creaking under a big backlog of existing citizenship applications.

₹54,650 per 10 grams for 22 carats, and ₹59,600 per 10 grams for 24-carat in the spot market. Silver prices remained stable at ₹73849 per kg.

Mint in an exclusive interview. “Earlier, the Indian airports were merely destination airports, but today we find a rising trend of people flying from one part of the world and come to Delhi, Mumbai, Hyderabad, and Kolkata, and take another onward flight without really exiting into any Indian city. That trend is increasing," Vinay Malhotra, head of global sales at IndiGo, said.

ragging incident on August 10 and brought many questions to the forefront about how such acts continue to happen across the country despite checks in place, as claimed by the universities. Now, the inside details have come out in the open, which shed light on the sadistic behaviour of all those who were involved in this heinous act that led to the death of a student. According to Kolkata Police's initial probe, the deceased first-year student of Jadavpur University was paraded naked in the corridor of the main hostel's second floor minutes before he fell off from there and died, reported PTI. Investigators have also found that the teen was "sexually molested" and that the 12 people arrested, including present and former students of the varsity, «had played active roles» in the entire episode, leading to the Nadia teen's death, a senior police officer said on Tuesday. «The teen was definitely ragged and sexually molested. He was paraded naked in the corridor after he was forced to undress in room no.

₹54,300 and ₹59, 220 respectively. Gold prices moved up in the domestic futures market on August 23. MCX Gold for October 5 series traded 0.07 per cent higher at ₹58863 per 10 grams around 12:09 pm.

ICC Men’s Cricket World Cup 2023. With unwavering confidence, we anticipate a seamless ticketing experience, aimed at offering fans unobstructed access to the thrilling on-field encounters.

PTI reported on Wednesday. The police have arrested 12 people so far in connection with the case and they include the current and former students of Jadavpur University who "had played active roles" in the entire episode. "The teen was definitely ragged and sexually molested.

Reliance Retail Ventures Ltd, the retail business of Mukesh Ambani’s Reliance Industries Ltd, is looking to raise Rs3,048 crore through an infrastructure investment trust (InvIT) of its warehousing and logistics infrastructure assets, shows a draft document filed with Sebi. ET first reported on 12 April that Reliance was planning to monetise the warehousing and logistics assets of its retail business through an InvIT and that the group had set up a trust under the name of Intelligent Supply Chain Infrastructure Trust for this purpose. Reliance Retail will hold a minimum of 25% units of the trust and balance will be sold to incoming investors. Of the total issue proceeds of Rs3,048 crore, around Rs100 crore will be used for acquiring equity shares of a special purpose vehicle (SPV) created to hold the warehousing assets, while a sum of Rs2,928 crore will be used to provide a loan to the SPV for acquisition of the warehousing and related logistics assets. The initial proposal is to acquire warehouse space of 12.77 million square feet and related logistics infrastructure for a consideration of Rs4,261 crore. Additionally, the trust has also entered into a lending agreement with Sikka Ports and Terminals Ltd, a Reliance group entity, to avail a rupee term loan of Rs2,122 crore, which will also be utilised towards acquisition of the warehousing assets. The portfolio of assets will comprise 64 warehouses spread across 34 cities across India including key warehousing markets such as Delhi NCR, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Pune and Hyderabad.