City Kolkata Financial News

Former West Bengal CM Buddhadeb Bhattacharjee has been admitted to Woodlands Hospital with lower respiratory tract infection and Type Il respiratory failure. “He has been put on non-invasive ventilation, antibiotics, and other supportive management. Necessary investigations have been done and the reports are awaited.

Anurag Thakur on Saturday alleged that violence in West Bengal during the recently concluded panchayat elections was carried out by TMC activists as per instructions of Chief Minister and party supremo Mamata Banerjee. Thakur, who is in Kolkata to felicitate BJP's winning candidates in the rural polls, also claimed that over 57 people have been killed in clashes during the panchayat elections. He claimed that the BJP has doubled the number of seats in the rural polls as compared to the previous elections and the result is an indication that Banerjee's «days at the helm of things are numbered». «I would like to say that in the recently concluded panchayat polls, over 57 people have been killed. To fulfill Mamata Banerjee's wishes, people were killed. The entire law and order in West Bengal is in shambles. Mamata didi, your party leaders under your instruction restored to hooliganism (during this panchayat polls),» Thakur told reporters here. The BJP leader alleged that Banerjee, for the last 8-9 years, has been giving shelter to hooligans and criminals for her political benefit. «Compared to the last (rural) elections, this time the BJP has doubled the number of seats. This shows that people have started fighting back. Results show that Mamata Banerjee's days here are slowly heading to an end,» Thakur said.

Anurag Thakur on Saturday alleged that the visit of members of opposition bloc INDIA to Manipur was a «mere show-off». After arriving at Kolkata on Saturday morning, the senior BJP leader alleged that when Manipur used to burn under previous governments, those visiting the northeastern state now did not utter a single word in the Parliament. «When Manipur used to remain shut for months, they had not spoken a word,» he said.

Warehouse by Mudita has emerged as a groundbreaking luxury multi-designer outlet, breathing new life into the Indian fashion industry with its unique approach of offering surplus inventory from top designers. With its innovative strategy of offering premium designer fashion at exceptional value, this visionary enterprise has made high-end fashion readily available to a wider audience. The recent exhibition in Kolkata stands as a testament to the brand's phenomenal success, surpassing expectations and capturing the city's passion for luxury fashion.

Shree Cement Ltd on Friday said it has commenced commercial production at its clinker grinding unit in Purulia district of West Bengal having an annual cement capacity of 3 million tonnes. The Kolkata-based company said this factory is its first one in the state which will help meet the growing demand for cement in West Bengal.

Monsoon has always been synonymous with a generous serving of ilish/hilsa for the Bengali community. The season of rain and cloudy skies is always incomplete without a plateful of piping hot hilsa curry & rice, or a fried fish or two! No other fish evokes a sense of hunger, pride, and nostalgia in the hearts of Bengalis than the evergreen, ever-yummy King Of Fish- hilsa! Inhabitants of a remote village in the Sundarbans are getting to relish several helpings of this fragrant fish! The villagers are indulging in the delectable hilsa for breakfast, lunch, and dinner after their fishermen caught thousands of tonnes of small hilsa fish from the local rivers. As per a rule, ‘khoka ilish’ or juvenile hilsa cannot be sold in the Kolkata markets. In order to be eligible for sale, the fish has to be 500g or more. The fish that has been caught weighs between 90 and 300 grams. This has led to the fish being sold at extremely cheap rates at the Sundarban markets such as Diamond Harbour, Namkhana, Kakdwip, etc. In an interview with the Times Of India, a resident of Sunderbans revealed how a mere sales policy had led to delicious meals day in and day out, for the villagers. “We are having fried hilsa even with morning tea!” revealed Saral Das, a resident of Mousuni, an island in the Sunderbans archipelago. Fishing weighing around 120 kg is being sold for as low as Rs 80. Those weighing 250 kg are available at Rs 150.

AUV named 'Neerakshi' is a collaboration of Kolkata-based warshipmaker Garden Reach Shipbuilders and Engineers (GRSE) Ltd and MSME entity AEPL, officials said. The commercial launch of the AUV is likely to be within six months to a year after completion of user trials by the Indian Navy, Coast Guard and possibly the Army too, he said GRSE chairman and managing director Commodore (Retd) P R Hari said at the launch of the AUV.

IWAI) transported heaviest ODCs meant for Numaligarh Refinery’s expansion project. The cumulative weight of the three ODCs is more than 3275 MT. The heaviest of the three is at 1286 MT, making it the single largest ODC ever to be transported via Brahmaputra.

UCO Bank on Friday posted an 80 per cent jump in net profit to ₹223 crore in the April-June quarter, mainly due to a decline in bad loans. The Kolkata-based lender had posted a net profit of ₹124 crore in the year-ago period. The total income in the first quarter of the current fiscal rose to ₹5,857 crore against ₹3,797 crore, UCO Bank said in a regulatory filing.

airport shortly after take-off. The flight returned at 2.18pm after Delhi Air Traffic Control (ATC) informed the on board cabin crew that they noticed tyre debris on the runway after the plane took off. The flight has returned to Delhi and is undergoing necessary checks.

Sundarbans are relishing a bounty of hilsa fish, Bengal's favorite delicacy, consuming it for breakfast, lunch, and dinner. The local fishermen have netted large quantities of hilsa, but of a size that cannot be legally sold in Kolkata markets due to rules prohibiting the sale of 'khoka ilish' or juvenile hilsa. As a result, this abundant catch is being sold at low prices near the rivers and the Bay of Bengal coastline in the Sundarbans region.

IFCI has put on sale ₹455 crore of total outstanding loans of EMC, a power transmission company. The lender has invited bids from investors and set the anchor bid at ₹140 crore, aiming for a recovery of 31%. The base bid has been structured as ₹140 crore in an all-cash deal, which the winning bidder must pay within 90 days.

Nalwa Steel and BTL EPC plan for bankrupt McNally Bharat Engineering resulted in a tie, as both resolution plans received an equal number of votes from lenders, said people aware of the development. Resolution plans given by Naveen Jindal-promoted Nalwa Steel and Power and Kolkata-based Shrachi Group-promoted BTL EPC received 90.16% voting resulting in a tie-breaker situation on Wednesday when the voting deadline ended for the company undergoing insolvency proceedings. As per the Insolvency and Bankruptcy Board of India (IBBI) the resolution professional is mandated to invite lenders to vote on all eligible plans.

Air India on Thursday said it will start direct flights between Delhi and Dhaka from September 15. The airline already operates flights between Kolkata and Dhaka.

New Delhi: Union minister Jitendra Singh on Thursday said that the UPSC has allowed candidates who had opted for Imphal as a centre for exam, to change and appear in any of the centres, viz., Aizawl, Delhi, Dispur, Jorhat, Kohima, Kolkata and Shillong. In a written reply to a question in the Rajya Sabha, the minister informed that this option was provided in the the Civil Services (Preliminary) Examination, 2023 (held on 28 May 2023) and in the recruitment tests for accounts officer/ enforcement officer and assistant provident fund commissioner (APFC) in the employees provident fund organisation (EPFO) (held on 2 July 2023).

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

Air India will commence its direct flights from Delhi to Dhaka from September 15, the airline announced on Thursday. In a move to enhance connectivity between the capital cities of India and Bangladesh, Air India will fly four times a week between the two cities using its Airbus A320 aircraft.

₹75,000. A month ago, when World Cup schedule was announced, most hotels, including homestays, had taken an over 100% price hike in their asking room rate. Prices of 5-stars hotels had gone up from ₹5,000-8,000 a night to ₹40,000 to ₹1 lakh for 15 October.

Nazibur Rahman Bora surrendered before the police after killing his wife Sanghamitra Ghosh and in-laws (Sanjeev and Junu Ghosh), Assam police said. «The accused has surrendered before police. He confessed that he had committed the crime.

Bidhannagar Police on Monday got custody of a high-flying thief, Nadeem Qureshi in connection with a two-year-old burglary at Sourav Abasan in Salt Lake, TOI reported. Qureshi, 45, has committed as many as 1,200 odd burglaries across 14 states over 25 years. The burglar king owns properties worth crores in Mumbai and Pune, the police said.

ITC management chose to keep 40% of the hotels business with itself after demerger, investors continued to dump shares of cigarettes-to-hotels major ITC for the second day on Tuesday. Nifty's star performer has lost around 7% in the last two days. After yesterday's 4% decline, ITC stock went down another 3% to Rs 455.95 today on BSE.