City Kolkata Financial News

Emiliano Martinez, the acclaimed goalkeeper who played a crucial role in Argentina's World Cup triumph in Qatar, arrived at Kolkata's Netaji Subhas Chandra Bose International Airport to an exuberant reception from passionate supporters. The atmosphere was electric as fans enthusiastically cheered for the football star.  During his stay from July 3 to July 6, Martinez is scheduled to participate in various engagements. These include meet-and-greets, engaging in discussions with schoolchildren at Santosh Mitra Square, and unveiling the names of Pele, Diego Maradona, and Garfield Sobers at the gates of the esteemed Mohun Bagan Club.  "I am really excited, feeling great.

Promoter buying usually indicates that markets have priced in a lot worse in the stock than what is warranted. Of all the stakeholders, it's the promoters who know the most about their businesses and future potential. If they are willing to part with their personal money to buy stocks from the open market, there is a good possibility that they believe the stock is undervalued and will potentially rise in the future.

ET Intelligence Group: Kolkata-based Senco Gold is the largest organised jewellery retail player in eastern India run by the fourth generation of a traditional Bengali business family.

disinvestment of helicopter service provider Pawan Hans as the winning bidder – Star9 Mobility – was disqualified due to pending legal cases against it. In April last year, the government had decided to sell Pawan Hans for Rs 211.14 crore to Star9 Mobility, a consortium of Big Charter Pvt Ltd, Maharaja Aviation Pvt Ltd and Almas Global Opportunity Fund SPC.

₹121.5 crore from anchor investors ahead of its initial share sale. Senco Gold Limited has allotted 38,32,807 equity shares to 21 anchor investors and raised ₹ 121.50 crore ahead of company’s proposed IPO, the upper price band of ₹ 317 per equity share (including premium of ₹ 307 per equity shares) with face value of ₹10 per share.

Mint had reported in February, and April, that the government found that a partner of the winning bidder consortium had adverse rulings issued by the National Company Law Tribunal’s Kolkata bench against it in another matter and that it had issued a show cause notice to the company concerned. Also, that the government intended to scrap the disinvestment process altogether.

New Delhi: The government Monday scrapped the strategic disinvestment of Pawan Hans Ltd, a public sector enterprise under the ministry of civil aviation, after it disqualified the successful bidder Star 9 Mobility Pvt Ltd on grounds of one of its consortium partners of being embroiled in a separate legal case where adverse rulings have been issued by the company law tribunal.  Mint had reported in February, and April, that the government found that a partner of the winning bidder consortium had adverse rulings issued by the National Company Law Tribunal's Kolkata bench against it in another matter and that it had issued a show cause notice to the company concerned. Also, that the government intended to scrap the disinvestment process altogether.   "Government has decided that successful bidding consortium M/s Star 9 Mobility Pvt Ltd is disqualified from the process of strategic disinvestment of Pawan Hans Ltd in terms of provisions of PIM and RFP," the department of investment and public asset management (DIPAM) said in a statement Monday.

Tejashwi Yadav, his father and former railways minister Lalu Prasad and mother and former chief minister Rabri Devi in connection with the land for jobs scam case, officials said Monday. The charge sheet, which also names 14 others, is the second charge sheet in the case.

NDR Warehousing (“NDR”), one of India’s largest warehouse development and operating platforms. This comes after Investcorp led a $55 million investment round in NDR Warehousing last year.

Hetmyer's Rs 8.50 crore annual IPL fees earned from Rajasthan Royals or Andre Russell's Rs 16 crore retention fee from Kolkata Knight Riders is an indication how cricket's financial landscape has changed and playing for the West Indies isn't a motivation anymore. It is the money that matters and has created the biggest hindrance for Cricket West Indies (CWI) from at least keeping the top players interested throughout the year.

The kitchen budgets are on a tight squeeze, therefore, the markets are witnessing a change in the spending habits of the consumers. Instead of buying fresh tomatoes, people have shifted to buying small cartons of tomato puree, from fresh ginger to single-use sachets of ginger paste and loose cumin powder to tiny 7-gm sachets, reported TOI. «Since last week I've been using tomato puree in my cooking and its value for money,» TOI quoted Sukanya Sinha, a postgraduate student who lives in south Kolkata, as saying.

Guwahati has witnessed a 15 per cent rise in passenger footfall in June this year to almost five lakh travellers, an official said on Sunday. A spokesperson of the Adani Group-controlled facility said the LGBI Airport in Guwahati recorded a footfall of nearly five lakh passengers in June 2023, witnessing a sharp increase from the corresponding month of the last year.

Cricket World Cup, businesses in India are also set to gain from the matches. The tournament will be held from October 5 to November 19 and played across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai and Kolkata. The pandemic left the hospitality sector ravaged, which has now limped back to normalcy.

Jet fuel or ATF price on Saturday was hiked by 1.65 per cent — the first increase in rate after fourth months of reduction warranted by softening oil prices. Aviation Turbine Fuel (ATF) price was increased by Rs 1,476.79 per kilolitre, or 1.65 per cent, in the national capital to Rs 90,779.88 per kl, according to a price notification of state-owned fuel retailers. Rates vary from state to state.

Pakistan is set to send a security delegation to India for inspecting the venues before giving clearance for the national team's travel to the neighbouring country for this year's ICC ODI World Cup. An official source in the Inter-Provincial Coordination (Sports) Ministry told PTI that the government, including the foreign and interior ministry would decide when to send the security delegation to India once the new chairman of the Pakistan Cricket Board was elected after the Eid holidays.

The Enforcement Directorate has searched wallet or user IDs associated with Binance crypto exchange, as part of its ongoing probe related to mobile gaming app E-nuggets, sources told CNBC TV-18 on November 11.

Major cryptocurrencies were trading in the green early on October 22 as the global crypto market cap is $918.85 billion, a 0.62 percent increase over the last day. The total crypto market volume over the last 24 hours is $53.90 billion, which makes a 21.73 percent increase.

The Enforcement Directorate has frozen Rs 7.12 crore worth of Bitcoins and seized Rs 1.65 crore in cash as part of an ongoing money laundering investigation against the promoter of a Kolkata-based mobile gaming app that is alleged to have duped many people.

The Indian Directorate of Enforcement (ED) revealed that it froze the assets of a mobile gaming application called E-nuggets. The ED froze WRX [WazirX] and USDT [Tether] cryptocurrencies that were worth INR 47.64 lakhs. 

Krishna joined Rishabh Pant, Virender Sehwag, Zaheer Khan, Smriti Mandhana, Cheteshwar Pujara, Ruturaj Gaikwad, M Siraj, Shafali Verma, Rashid Khan, Jason Holder, Quinton De Kock, and many others as player partners of the platform. Through this association, Krishna’s NFTs will be available exclusively on Rario. Prasidh Krishna is a right-arm fast bowler from India, who regularly clocks over 140 kph and is known for his accurate line and length.

Bitcoin (BTC) has dropped over 33 per cent this week and has failed to hold support at the 2017 cycle high. It is now trading below $18,000, with the total crypto market cap hovering near $800 billion. The volatility has been aided by the US Fed’s interest rate hikes as well as liquidation issues faced by centralized DeFi platforms such as Celsius and the possible collapse of 3AC venture capital. Bitcoin’s demand from big investors has been decreasing, as per data. With the portfolio of most investors in deep red, the pain is likely to extend further. Micheal Saylor’s Microstrategy, Bitcoin’s biggest institutional investor, is down more than $400 million on its BTC investment. US-based exchanges have indicated a freeze in hiring for the rest of the year.