City Kolkata Financial News

24.07 / 19:29

Provident CEO Platform country exclusive Holdings Financial Bandhan Financial Holdings to acquire Aegon Life Insurance

Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based Bandhan, which began as a microfinance company, to expand its remit beyond banking and asset management.

23.07 / 18:47

Enterprise performer Robust home sales improve realty companies' liquidity profile

property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic. The buoyancy in residential demand in mid, premium and luxury segments across India's top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies' higher.

23.07 / 18:11

UPS Enterprise performer Sustained housing sales helps improve developers’ liquidity, credit profile

The buoyancy in residential demand in mid, premium and luxury segments across India’s top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies’ higher. The performance helped strengthen their leverage and credit profiles and this is expected to sustain over the medium term.

23.07 / 07:25

Target Citizens stage country Suvendu Adhikari files FIR against Mamata, Abhishek Banerjee on 'gherao' call

Suvendu Adhikari, said on Sunday that he has filed an FIR against the West Bengal chief minister, Mamata Banerjee and Trinamool Congress national general secretary Abhishek Banerjee over their call to gherao the residences of BJP leaders throughout the state on August 5. While addressing the party's annual 'Martyrs' Day' rally on Friday, Abhishek Banerjee had announced this agitation programme so that the BJP leaders would not be able to come out of their homes during that period. Later, in her speech, Mamata Banerjee also said that this demonstration should be conducted at a distance of 100 metres from the residences of the BJP leaders.

22.07 / 17:54

Manufacturing Titagarh Rail Systems Q1 Results: Net profit at ₹61 crore driven by higher income

₹61.77 crore for the April-June quarter of 2023-24 driven by higher income. The company posted a consolidated net loss of ₹6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE.

22.07 / 14:13

Citi Aware Platform Celebrity country beautiful social The pursuit of beauty: What explains Damani's big bet on Health and Glow?

Nykaa have dominated the sector in the recent past, it is increasingly seeing consolidation of brands or bigger conglomerates making an entry. The latest is Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain.

22.07 / 12:57

CEO country open Fabindia partners Dolomite to open Jamie Oliver’s cafes

New Delhi: Homegrown lifestyle brand Fabindia has partnered Dolomite Restaurants Pvt Ltd to open Jamie Oliver’s branded cafes at many Fabindia Experience Centres across the country. Dolomite Restaurants is the master franchise of Jamie Oliver brands in India and operates Jamie’s Italian, Jamie’s Pizzeria, Jamie’s Diner and Jamie’s Cafes. Fabindia operates 357 stores in 127 locations across the country, apart from 13 international outlets.

22.07 / 06:47

Citi cover Delhi's green cover to be increased to 25% in coming years: CM Arvind Kejriwal

Arvind Kejriwal on Saturday said Delhi's green cover has to be increased from the existing 23 per cent to 25 per cent in the coming years to make the national capital world's greenest and cleanest city. Kejriwal, attending a Van Mahotsav where Delhi Lt Governor V K Saxena was the chief guest, said this year, more than one crore saplings will be planted across the city.

21.07 / 18:45

Platform Fighting country Power 26 parties have come together to keep BJP out of power: Mamta Banerjee

Lok Sabha elections, Trinamool Congress supremo Mamata Banerjee on Friday gave a clarion call to oust the BJP from the Centre under the newly formed opposition platform — INDIA (Indian National Developmental, Inclusive Alliance). Banerjee claimed that if the BJP government comes to power again, democracy will cease to exist in the country. «In 2024, a new India will be born for development, unity, harmony and oneness and to save democracy,» she said during a mega public rally in Kolkata on Martyr's Day.

21.07 / 18:29

COST UPS Airlines show cricket World Cup cricket: India-Pak faceoff sends airfares soaring

NEW DELHI : With the 2023 ICC Men’s Cricket World Cup captivating cricket fans, domestic airfares to Ahmedabad, where the crucial India-Pakistan match will be played on 15 October, have surged more than fourfold. Fares have shot up as fans scramble for tickets to witness the clash between the two teams in India after more than a decade. The last time India and Pakistan played each other on Indian soil was on January 2013 in Delhi.

21.07 / 09:27

Drunk intruder with guns breaches West Bengal CM Mamata Banerjee's security

ANI, Vineet Goyal, commissioner, Kolkata Police, said, “Kolkata Police has intercepted one person, identified as Sheikh Noor Alam, near CM Mamata Banerjee’s residence while he was trying to enter the lane. One firearm, one knife and contraband substances found on him besides several ID cards of different agencies.

21.07 / 09:17

Citi Man Man arrested for trying to enter Mamata Banerjee's home with arms in car

West Bengal Chief Minister Mamata Banerjee's Kalighat residence. The man wearing a black coat and tie identified as Noor Alam was arrested after he tried to drive a car with a 'Police' sticker to Banerjee's residence on Harish Chatterjee Street, Kolkata Police Commissioner Vineet Goyal said.

21.07 / 08:21

Banner Support Watch: TMC supporters throng Kolkata for 21 July rally in Mamata Banerjee's display of support after INDIA

Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI). Meanwhile, the rally will be seen as a display of the TMC's widespread support and influence.

21.07 / 00:57

UPS Provident Digital Cooper Mobile star CRCS Sahara Refund: Are you eligible for a refund? Check here

As of now, not all investors are eligible to claim for a refund through this website. According to Amit Shah, the Union Home Minister and Minister of Cooperation, the first payment of up to Rs 10,000 would be made through this portal to one crore investors who have deposited Rs 10,000 or more. Only claims submitted online through this site will be considered for a refund. Do note that there will be no charge for filing a claim.

20.07 / 18:39

Aware Racing Parke IBC DS Group completes acquisition of Viceroy Hotels

The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt. Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, said a lawyer aware of the matter. Viceroy Hotels owns the Marriott-managed Renaissance Bengaluru Race Course Hotel and had a debt of over Rs1,000 crore.

20.07 / 16:53

Career Monsoon Session of West Bengal Assembly: Governor and TMC govt at loggerheads again

Bengal Governor and Trinamool Congress government in Bengal are at loggerheads again over the starting of monsoon session in Bengal assembly. The state government was planning to start the monsoon session on July 24 and had sent the file to Governor CV Ananda Bose for his approval. However, the Governor questioned why it was sent at such a short notice and called state Parliamentary Affairs Minister Sobhondeb Chattopadhyay to Raj Bhawan immediately.

19.07 / 17:57

Progressive Mobile show country Ease doing business for differently-abled

India Campaign/Sugamya Bharat Abhiyan, launched in 2015, reports and anecdotal evidence abound to show that navigating India remains a nightmare for PwDs. In this context, the Comptroller and Auditor General of India's (CAG) reported decision to order a pan-India audit of disability features in government buildings constructed or retrofitted between April 2022 and March 2023 is very welcome. According to Census 2011, there are 26.8 million PwDs in the country.

19.07 / 14:57

Digital CEO Platform Action cover social Will `nip in the bud' the transgressions of managers: HDFC Bank

HDFC Bank will `nip in the bud' the transgressions of managers and will build an `inclusive' organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The private lender which has faced a lot of flak over alleged misdemeanour by its managers said that they were cognizant that the experience of working with HDFC Bank can be better on several counts.

19.07 / 13:03

Provident Citizens Career Metro social Informal employees prioritising prestige, career potential over wages: Report

informal employees are prioritising factors such as prestige and career potential over wages today, says a Quess Corp report. The report by leading business service provider Quess Corp titled ‘New Collar Generation Report' uncovers the aspirations of India's informal economy post-pandemic.

19.07 / 12:15

COST UPS Man Remark country Meet Dr Lalit Khaitan, the man scripting a spirited success story for Radico Khaitan; know how he created Magic Moments Vodka & 8 PM whisky

In the dynamic world of the liquor industry, one name stands out for revolutionising the Indian market with his experience-led wisdom – Dr. Lalit Khaitan, the Chairman and Managing Director of Radico Khaitan Limited. Over the years, Dr. Khaitan has spearheaded Radico Khaitan’s remarkable transformation from a modest bottler to one of India’s leading Indian Made Foreign Liquor (IMFL) players.

19.07 / 10:55

UPS Citi Provident Gap country Porter launches Intercity courier service for seamless shipping across India

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

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