City Kolkata Financial News

Check all the LIVE Updates on Independence Day 2023 today. Independence Day 2023 Live: Prime Minister Narendra Modi will deliver his 10th consecutive Independence Day address to the nation today i.e.

Kolkata-based Senco Gold, a recent debutant on the exchanges, on Monday reported 23% growth in its consolidated net profit at Rs 27.6 crore for the quarter ended June 2023. It was Rs 22.5 crore in the year-ago period. Revenue from operations jumped 30% to Rs 1,305 crore in the June quarter, compared with Rs 1,007 crore in the corresponding quarter of last year.

Ramkrishna Forgings on Monday announced bagging a USD 13.65 million (about Rs 107 crore) order from clients in the North American region. The order is for supply of rear axle and transmission components, the company said in regulatory filing.

Mahatma Gandhi drove down in a pre-World War Cadillac automobile into Kolkata's Beliaghata, a densely populated locality and the epicentre of rioting in the megapolis, to be greeted for the first time in his life by crowds which shouted 'Go back Gandhi'. He had come to stay in a dilapidated single-storey building with Doric pillars situated in a tiny by-lane off Beliaghata main road, set between the sprawling Muslim slum of Miagunje and a lower middle class Hindu locality, to try to bring peace to the most populous city between Paris and Shanghai.

Many bank holidays differ from region to region and from bank to bank. State-wise holidays include Tendong Lho Rum Faat, Independence Day, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam, Raksha Bandhan, Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol.

Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) -- through a bidding process in February, the Kolkata bench of the National Company Law Tribunal (NCLT) approved the resolution plan of the state-owned asset reconstruction company NARCL for takeover of the twin Srei firms under Insolvency and Bankruptcy Code. "According to the resolution plan submitted, the NARCL will cease all fresh lending activities in the group's equipment financing arm -- SEFL, and after recovering the outstanding debt, it will be 'wound up'," the PTI reported citing the official sources. The loan repayment process may extend for the next seven years, the sources added.

Droupadi Murmu at Garden Reach Shipbuilders and Engineers Limited in Kolkata this Thursday, the Ministry of Defence said in a release today. Vindhyagiri, named after the mountain range in Karnataka, is the sixth ship of the Project 17A Frigates. These warships are follow-ons of the Project 17 Class Frigates (Shivalik Class), with improved stealth features, advanced weapons and sensors and platform management systems.

NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin Srei firms under Insolvency and Bankruptcy Code. The resolution plan had already received approval from banking sector regulator Reserve Bank of India.

India and the United Kingdom are striving to create a more transparent and corruption-free society, Union Minister Jitendra Singh has said. He also called for wider cooperation between the two countries in sharing information and communication technology (ICT) innovations, promoting cross-sector cooperation and forging partnerships to prevent and combat corruption, according to an official statement issued on Sunday.

₹4 lakh due to cyber criminals. The episode occurred when he attempted to cancel a train ticket through the IRCTC website. It has been reported that he stumbled upon a counterfeit website resembling a legitimate railway ticketing platform and subsequently received a phone call from an individual impersonating a railway official.

Tom Tugendhat said, amid India's continuing push for extradition of billionaire fugitives Vijay Mallya and Nirav Modi. Tugendhat, without citing specific cases, said legal processes must be adhered to in matters relating to extradition. «We both (the UK and India) have legal processes that must be gone through.

Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to the report. «Housing prices in the city have been on the rise over the past seven quarters. The recent surge in housing prices is owing to the rising demand boosted by positive government incentives such as extension of 2 per cent reduction in stamp duty and extension of 10 per cent reduced circle rates till September 2023,» the report said. Delhi-NCR came second as housing prices in the northern region have risen by 14 per cent YoY in Q2. Hyderabad witnessed a rise of 13 per cent in housing prices in the last year during the second quarter, said the report. At the micro-market level, Golf Course Road and Dwarka Expressway witnessed the highest rise in housing prices at 46 per cent and 40 per cent, respectively, on a YoY basis during Q2 2023. «Housing prices in Golf Course Road continue to surpass the prices of Delhi in Q2 2023 attributed to its improving connectivity and proximity to commercial office hubs in Gurugram, which have sparked a surge in demand for residential properties,» the report added.Pan India residential prices Q2 2023 (in Rs /sq ft) –

₹1 crore was announced following a meeting between External Affairs Minister S Jaishankar and UK Security Minister Tom Tugendhat in Delhi. The 95,000 pound investment is intended to enhance the government's understanding of the threat posed by "pro-Khalistan extremism", complementing the joint work already underway between the UK and India through the joint-extremism task force. New Delhi has batted for the UK government to ensure security of its diplomatic premises and its personnel.

Digi Yatra facility will be launched at six more airports, including at Mumbai and Kochi, in August. Currently, the facility is available at seven airports. It was first launched on December 1, 2022 at the airports in Delhi, Varanasi and Bengaluru.

India is seeking a consensus among G20 nations against fugitive economic offenders to ensure their faster extradition and asset recovery, Union Minister Jitendra Singh said on Friday. Ahead of the crucial G20 anti-corruption ministerial meeting in Kolkata on Saturday, he said economic offences have been a problem faced by many, especially when offenders flee the country's jurisdiction.

“As per inputs received from ministry of power, preliminary studies carried out for nine cities having 4 million plus population, namely Delhi, Mumbai, Pune, Ahmedabad, Surat, Bengaluru, Chennai, Hyderabad and Kolkata indicate a requirement of 18,000 nos. of Public EV Charging Stations by the year 2030,” Pandey said. According to a statewise breakup, as of July, Maharashtra had the highest number of EV charging stations followed by Delhi and then Karnataka.

ITC's hotel business will sharpen capital allocation, improve asset efficiency ratios, unlock value for its shareholders as well as enable leveraging of institutional synergies, company chairman and MD Sanjiv Puri today said. «The continued interest of ITC in the new entity will provide long-term stability and instill a sense of assurance among partners, investors, and employees while enabling the new entity to leverage ITC’s institutional strengths including the timeless goodwill, world-class brands and governance processes,» Puri told shareholders at the company's annual general meeting (AGM).

77th Independence Day this year. Delhi Police have put security arrangements in place in the national capital ahead of the Independence Day celebrations. Prime Minister Narendra Modi, who is popular for carrying unique headgear and attire on Independence Day, will hoist National Flag from the historic Red Fort and will address the nation afterward.

N R Narayana Murthy has spoken about how democracy can work in a better way during the convocation of Techno India University in Kolkata. The business magnate said that democracy works best in an environment of pluralism, where every citizen has the freedom to practice one's own beliefs and faith without imposing it on others. According to him, democracy will prosper only if a mindset is created that highlights the commonalities of various beliefs rather than the differences.

Cricket World Cup 2023 are in full swing, as it is just a couple of months away. As the excitement has been building up among cricket fans, disturbing news came from an important cricket venue.

Narendra Modi lead NDA government on Thursday defeated a no-confidence motion in parliament after a fiery speech by the premier at the climax of a three-day debate. The motion was defeated in a voice vote called by the speaker of the lower house, television images showed, shortly after opposition MPs including Congress party leader Rahul Gandhi walked out of the chamber.