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Shipping, and Waterways (MoPSW) has approved a research proposal on 'Valorization of Dredged Sediments'. According to a statement by the ministry on Saturday, the project has been sanctioned at an estimated cost of Rs 46,47,380. The 'Valorization of dredged sediments' is the reuse of sediments as raw material for civil engineering and other purposes. It can be a sustainable solution to reduce the strain on natural resources and eliminate waste.

FOX Business' Madison Alworth discusses Fourth of July barbecue costs on 'Varney & Co.'

Mint. Bangladesh—that has a market reminiscent of India from 15 years ago when the TV-viewing landscape was predominantly analogue—presents a significant opportunity for both the companies. “As we make our foray into Bangladesh, we find potential partners eager for our platform.

bank's latest policy meeting to gauge future interest rate cuts. Spot gold rose 0.7% to $2,345.00 per ounce by 1156 GMT. U.S. gold futures gained 0.9% to $2,354.60.

«The EBITDA margins have been historically around 9%. It came down consequent to COVID to around 7% and after that the increase in the material cost especially glass bottles and ENA,» says Ramakrishnan Ramaswamy, CFO, Allied Blenders & Distillers. Yes, we have seen the good listing coming in. Growth outlook for the industry is strong. So, what kind of revenue are you expecting as well as the EBITDA growth that you are pencilling in over the next two to three years? Ramakrishnan Ramaswamy: The growth expectation of the industry is around 9% and we would be in line with that, especially on the mass premium and on the other segment. So, we would be mid-teens on the premium segment and low-teens on the mass premium segment.

A new challenger has entered the RIA space, and it’s focusing its efforts on the unique needs of advisors looking to break away from captive broker-dealers.

vegetable prices soar. Prices of staples like onions and tomatoes have gone up and restaurants are looking at the last report of hiking prices, reported TOI. Discounts are out of question as well, so either way, costumes will have to spend more on enjoying a meal outside. While such sudden and steep prices are typically seasonal, this time they're beyond «digestible levels», Anjan Chatterjee, founder of Speciality Restaurants, which owns brands like Oh! Calcutta and Mainland China, told TOI. «It has been pinching us across. Our bottom lines are shrinking,» Chatterjee said, suggesting that a price review is underway. «Price increases are being absorbed as of now but we do not know what tomorrow holds,» he added.

Saurabh Mukherjea, Founder & CIO, Marcellus Investment, says a new India is being born – the challenger franchises, roughly 6,000 companies below the top 800. The top 800 companies are the rulers, they make profits of around $60 million. But the fastest profit growth in the country is in the 6,000 companies below the top 800. According to Mukherjea, their job, in the last year, increasingly has been to load up on these new businesses as India's profit landscape changes dramatically. What are the key highlights of your new report and research study and what triggered it? Saurabh Mukherjea: What triggered it is in the two years after COVID, we realised that while the investee companies were continuing to generate 20% profit growth, there was a whole ecosystem of smaller companies – around 6,000 smaller companies – which are growing profits at 30-35%. These are not PE or VC-funded companies but were perfectly ordinary smaller companies that are growing profits at a rapid rate.

U.S. health officials have approved a new Alzheimer’s drug that can modestly slow the disease

Insolvency and Bankruptcy Code (IBC) reforms are expected to be announced in the finance minister’s forthcoming Budget speech. As the IBC is a complex business law on the solvency of corporate enterprises, it deserves priority attention. When the IBC was adopted by India in 2016, Parliament had intended that the time period for insolvency resolution be mandatorily limited to 330 days, inclusive of one extension and the time taken in legal proceedings.

Andhra Pradesh chief minister N Chandrababu Naidu met Prime Minister Narendra Modi and Union ministers on Thursday to push for specific budget and ministry-specific demands for the debt-ridden state. A key ally of BJP-led NDA government, Naidu is eyeing enhanced assistance for Andhra Pradesh as it is evident that a 'special category' status is unlikely to be granted. According to sources, Naidu met the PM for about 20 minutes. Naidu, whose Telugu Desam Party (TDP) is a vital partner in the NDA government, sought enhanced assistance for Andhra Pradesh if the special category status cannot be granted to the state.

Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back, so that also is helping us to see more traction. So, overall, in Asia, India, and Bangladesh would see some more growth As per reports doing the rounds, the centre seems to be planning to bring in some of the textile products like t-shirts, innerwear, etc, under the PLI scheme for textiles. Tell me, if this inclusion were to come in, how does it help you? Sivaramakrishnan Ganapathi: It will create fresh investments in the sector, so that is good news. And I see that there should be a demand-pull going forward for the next three to five years. So, after an inventory-led low demand last year, we are seeing traction coming back and coupled that with a PLI that encourages additional investment, and if the investment thresholds are kept low, many more new investors will come in, which will be good for the industry. More capacity gets created in India, more can be served out of India, and it will increase exports.

small business borrowers. This is an increase from 50% at the end of FY23. In September 2019, the regulator had directed banks to link interest rates on retail loans and loans to some small businesses to the repo rate and the treasury bill yields.

NBCC has shown interest in taking over all the pending projects of real estate developer Supertech, which has been facing multiple cases from homebuyers over delayed deliveries besides an Enforcement Directorate investigation into alleged money laundering. During the insolvency proceedings of one of the group companies of Supertech, the interim resolution professional (IRP) had approached NBCC. NBCC has informed IRP and lender Union Bank of India that it is ready to take all the projects of Supertech, provided it is given complete access to the details of the projects and all the data related to them.

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'Mansion Global' host Katrina Campins discusses the state of the housing market on 'Making Money.'

The average rate on a 30-year mortgage fell slightly this week, a modest relief for home shoppers facing record-high home prices

The rally in the Japanese currency, which has been languishing at around 38-year lows, began on Thursday just after data showed U.S. consumer prices for June eased, boosting the odds of the Federal Reserve cutting rates as soon as September.

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.'

MMRDA to evaluate settling the Rs 1,700 crore debt owed by Mumbai Metro One Pvt Ltd (MMOPL) to its creditors through a one-time settlement. Metro 1, the oldest in Mumbai which currently serves 4.6 lakh passengers daily, is the only corridor executed through a public-private partnership. It is run by a special purpose vehicle, the Reliance Infrastructure-promoted MMOPL. MMRDA has a 26 per cent stake in the SPV, while Anil Ambani's R-Infra holds 74 per cent. There are six lenders in all: State Bank of India, IDBI Bank, Canara Bank, Indian Bank, Bank of Maharashtra, and IIFCL (UK).