City Kolkata Financial News

06.08 / 05:37

Citi Provident Gap After Ahmedabad, Kolkata requests BCCI to reschedule Pakistan World Cup game: Report

BCCI) to reschedule Pakistan-England World Cup match, scheduled for to be played at Kolkata's Eden Gardens on November 12, Press Trust of India reported citing sources. The Cricket Association of Bengal officials cited security concerns of Kolkata police for the match which is slated on Kali Puja. Kali Puja is one of the biggest biggest festival in West Bengal, and thousands of local clubs organise festivities with a large police deployment required to maintain law and order situation across the length and breadth of the city.

06.08 / 02:11

COST Twitter Progressive country cover electronic NOT Chandrayaan-3: Sling-shot mechanism used for launch as our rockets not powerful, says former ISRO scientist

Chandrayaan-3 spacecraft, which has covered about two-thirds of the distance to the Moon since its launch, successfully entered into the Lunar orbit on Saturday, former ISRO scientist Tapan Mishra said the lunar mission was an illustration of the country breaking new grounds in space exploration. Speaking to in Kolkata, Mishra said, «Our rockets (launch vehicles) are not very powerful. Once the rockets escape the earth, they need a velocity of 11.2 km/s to make further progress.

05.08 / 16:51

COST UPS Kolkata copywriter becomes victim of AI revolution, her pay declines by 90%: Report

New York Post on 2 August. According to the report, Sharanya Bhattacharya – once a ghostwriter and copywriter for a creative solutions agency – now earns only 10 percent of what she used to earn earlier – all thanks to ChatGPT. Before ChatGPT's introduction by the firm, she used to earn around $240 a month by picking up a few SEO-optimized articles each week.

04.08 / 14:45

COST Citi Aviat Airlines Metro country OMCs may have scope to cut fuel rates, says petroleum minister Hardeep Puri

Nirmala Sitharaman announced an excise duty cut on petrol and diesel. The prices have remained stagnant despite a decline in international crude price over the past one year. The decision of state-run OMCs not to cut oil prices, however, has drawn criticism for the government from the opposition as inflation has been on the rise.

03.08 / 21:13

AXY awards NCLAT reviewing dismissal of Simplex insolvency case

NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures. The appellate tribunal has admitted that the Kolkata bench of the NCLT erred in relying on the judgment of Vidarbha Industries Power versus Axis Bank to dismiss the lender's plea against the company.

02.08 / 17:43

COST UPS Provident Aware Veda country Suniel Shetty invests in mental health app

₹55 crore over the next two years in the app to offer accessible, inclusive mental health support to people and provide a solution to help end the stigma of mental health. The made-in-India app, Shetty said, will democratize mental health treatment in India and worldwide. “I have seen the dedication of Manun since he launched Veda and when he came up with the idea to launch an app to make it affordable and accessible to people, my first question to him was how can I help? This app is a significant step in supporting people with mental health tools and online therapy so they can thrive in all aspects of their lives.

01.08 / 15:17

UPS Extreme Aware shootings AGRO country Rice export ban clogs ports with 200,000 tonnes stock

NEW DELHI : Cargos and containers full of rice are lying at Indian ports, unshipped after the government announced export restrictions with immediate effect last month. Though most cargos had obtained customs clearance before the directorate general of foreign trade put out the notification banning white rice exports on the evening of 20 July, as much as 200,000 tonnes of the grain are still lying at ports, including 5,000 tonnes at Syama Prasad Mookerjee Port in Kolkata.

01.08 / 07:55

FIVE Remark Parke love performer Indian Time NOT Kapil Dev asks BCCI to buy chartered flights for Indian team; and this is not the first time

Kapil Dev was asked whether India had the right board (BCCI) now, to which he replied that he wasn't sure. When the team performs exceptionally well, it appears to be the right board with nothing wrong, as per the veteran cricketer who spoke to The Week. Dev also mentioned that the right board should strive for improvement.

01.08 / 03:41

COST Provident Aviat Commercial LPG gas cylinder prices slashed by Rs 99.75 from today

price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June. The cost of 19 KG commercial LPG gas cylinders has undergone a substantial cut of Rs 99.75, effective from August 1st.

01.08 / 03:23

COST Airlines Metro Jet fuel prices hiked for the second consecutive month: Check prices here

₹98,508.26. Kolkata, another major metro, has also witnessed an upward trend in ATF prices, with rates soaring to ₹1,07,383.08 per kilo-litre. Meanwhile, Mumbai, the financial hub of India, recorded a price hike, with ATF now priced at ₹92,124.13 per kilo-litre.

31.07 / 18:25

Manufacturing NCLAT rejects plea against CCI nod to AGI Greenpac

New Delhi: The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by Independent Sugar Corp. Ltd (INSCO) challenging the Competition Commission of India (CCI)’s approval to AGI Greenpac’s acquisition of Hindustan National Glass, India’s oldest glass manufacturer. On 15 March, the competition regulator had approved the acquisition of HNG by AGI Greenpac.

31.07 / 15:53

BLOCK cover hospital Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty

Peerless Group on Monday announced ambitious plans to invest over Rs 1,000 crore in capital expenditure over the next three years, a major portion of which will be channelled into the development of hospital and real estate projects. In the financial year 2022-23, the Peerless Group reported a revenue of Rs 635 crore from operations. This notable increase of 22 per cent over the previous fiscal's revenue of Rs 520 crore has been seen as a successful outcome of the company's transformation efforts undertaken last year, the company said.

31.07 / 14:13

Citi Career country National 2024 open XAT 2024 registration open; national-level MBA entrance exam to be held on January 7, 2024, across 80 cities

Registration for Xavier Aptitude Test (XAT) 2024, the national-level MBA entrance exam, has now begun. The test is scheduled to take place on Sunday, January 7, 2024. With its scores accepted by over 160+ prestigious management institutes across the country. For XAT 2024, the registration fee is Rs. 2100. However, candidates applying for XLRI programmes are required to pay an additional fee of Rs 200 each, according to an official release.

31.07 / 09:19

BLOCK HC restrains TMC's plan to gherao BJP leaders' homes for Centre’s decision to withhold ₹1.15 lakh crore

Abhishek Banerjee on 21 July during the ‘Shahis Diwas’ rally in Kolkata. During the 21 July Martyr's rally in Kolkata, TMC leader Abhishek Banerjee had announced that TMC would gherao BJP leaders' houses in Kolkata on 5 August.

31.07 / 01:57

Aviat Airlines Boeing Returns Delhi-bound Air India flight returns to Melbourne due to medical emergency. Details here

airport in the evening at around 9.30 pm. Earlier on 28 July, a Paris-bound Air India flight had returned to the Delhi airport shortly after the take-off, following a sighting of suspected tyre debris on the runway after departure. In a statement, the airline said the flight landed safely at Delhi airport at 1418 hours.

30.07 / 19:15

Lowe's Cooper Progressive Former West Bengal CM Buddhadeb Bhattacharjee's condition continues to be critical

KOLKATA: Former Bengal Chief Minister Buddhadeb Bhattacharjee's condition is critical and he is on ventilator support with Type II respiratory failure, after he was hospitalized on Saturday afternoon. He is suffering from acute lung and lower respiratory tract infection. The former Chief Minister was admitted last afternoon at a premier private hospital Woodlands in Kolkata, following respiratory distress.

30.07 / 17:05

Manufacturing exclusive settlement Time Negotiation still on between McLeod, Carbon Resources over one-time debt settlement

McLeod Russel India Ltd and Carbon Resources for a one-time settlement of the former's debt with lenders, officials of both companies said on Sunday. The talks will take some more time to evaluate and agree on a mutually acceptable mechanism, and thus, the timeline for an exclusive negotiation agreement needs to be extended, they said. The timeline of the exclusive negotiation expired on July 28.

30.07 / 12:53

UPS hospital 'Buddhadeb Bhattacharya is stable but…': Kolkata hospital shares update on ex-CM of West Bengal

Bhattacharya's condition improved ‘slightly’ on Sunday. Bhattacharya has been put on invasive ventilation and is being administered antibiotics, and other supportive management. The oxygen saturation of the 79-year-old Bhattacharya, who was rushed to the private hospital from his Palm Avenue residence via a green corridor on Saturday afternoon, improved slightly, but he continued to be on invasive ventilation, a senior doctor said.

30.07 / 07:55

Citi show fall Mumbai New supply of office space down 25pc in April-June in top 7 cities; NCR, Mumbai see steep fall: Vestian

New supply of office space fell 25 per cent to 11.30 million square feet during April-June across seven major cities amid subdued demand and high base effect, according to Vestian.

30.07 / 05:17

UPS Slight improvement in ex-Bengal CM Buddhadeb Bhattacharya's health condition

Kolkata: The health condition of former West Bengal chief minister Buddhadeb Bhattacharya improved slightly though he remained critical on Sunday morning, doctors treating him at a city-based hospital, said. The oxygen saturation of the 79-year-old Bhattacharya, who was rushed to the private hospital from his Palm Avenue residence via a green corridor on Saturday afternoon, improved slightly, but he continued to be on invasive ventilation, a senior doctor said. «His health condition remained critical but stable as oxygen saturation in his blood improved.

29.07 / 16:19

Former West Bengal Chief Minister Buddhadeb Bhattacharjee hospitalized

Bhattacharjee has been kept on non-invasive ventilator support in Intensive Care Unit (ICU) of premier private hospital Woodlands Hospital after his oxygen saturation dropped. A nine-member inter-disciplinary medical team has been formed, which is closely monitoring his treatment. According to the medical bulletin, Bhattacharjee is suffering from lower respiratory tract infection and he is suffering from Type-II respiratory failure.

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