Destinations Financial News

Farmers Protest Noida Traffic Advisory: Traffic congestion gripped the Delhi-Noida and Delhi-Ghaziabad borders as a result of both the scheduled farmers' protest and heightened security measures implemented by the authorities. Huge traffic jams were witnessed on the highways that connect Delhi, Noida and Ghaziabad via Ghazipur and Chilla borders. Many people take the Ghazipur border road to go to Delhi from Noida.

Indian onions are fetching as much as ₹140 a kilogram in Malaysia, Sri Lanka and the UAE, more than ten times the wholesale price in Nashik, tempting smugglers to defy a ban on the export of the bulb vegetable, traders said.These «rogue exporters», traders said, are shipping out onions by mis-declaring them as potatoes, shallots or even labelling them as grapes. India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.

Unified Payment Interface (UPI) services were rolled out in Sri Lanka and Mauritius on Monday during a virtual ceremony attended by Prime Minister (PM) Narendra Modi and the top leadership of the two island nations, underlying New Delhi's leadership in the Indian Ocean Region. India's RuPay card services were also launched in Mauritius. Lankan President Ranil Wickremesinghe and PM Pravind Jugnauth of Mauritius were present on the occasion. Jugnauth said the co-branded RuPay card would be designated as a domestic card in Mauritius. Calling it a special day, Modi said, «Today we are connecting our historical relations in a modern digital way. This is proof of our commitment to the development of our people. Through fintech connectivity, not only cross-border transactions but also cross-border connections will be strengthened. India's Unified Payments Interface, that is UPI, is now performing a new responsibility — Uniting Partners with India.»

FICCI) Northeast Advisory Council and Assam State Council have welcomed the Assam State Budget for 2024-25. The budget's strategic allocations and visionary initiatives are poised to catalyse sustainable development, economic revitalization, and social empowerment across the state, it said. Ranjit Barthakur, Chairman of FICCI Northeast Advisory Council, lauded the Assam State Budget 2024-25 for its integrated approach towards development, particularly emphasizing the budget's dual focus on enhancing infrastructure and supporting social and environmental initiatives. «The budget smartly navigates Assam's development path by significantly increasing capital expenditure to Rs. 16,338 crore in FY 2022-23, from Rs. 2,951 crore in FY 2015-16, demonstrating an unparalleled commitment to infrastructure. Equally commendable is the allocation of Rs. 2445.71 crore to the Agriculture Department for sustainable practices, Rs. 2369.86 crore for transforming 322 schools, and a visionary Rs. 1207.25 crore towards the Environment and Forest Department. The allocation of Rs. 40 crore for the Amrit Brikshya Andolan, aiming to plant 3 crore saplings, marks a significant step towards environmental conservation. This is in line with the global sustainability commitments he said. These figures highlight the government's balanced approach to achieving economic growth, social welfare, and environmental sustainability,» he elaborated.

₹53.67 apiece on the BSE. Easy Trip Planners, the online travel tech platform, announced the in-principal approval of the board by proposing its newest joint venture: a luxurious 5-star hotel in the prime location of Ayodhya. The hotel’s prime location is less than 1 kilometer from the revered temple, the company said in a release.

Mint takes a look at the world's largest centres of international traffic, the benchmarks set by the world's busiest airports, and the key factors that drive their efficiency. An airport hub is characterized by a concentration of air traffic and flight operations. These airports act as transfer points for passengers to reach their final destination.

Goa, Delhi’s favourite holiday destination, with criminals using a north Indian restaurant as cover, seems perfect for the portly private eye. Delhi Police’s Economic Offences Wing, which carried out this real-life operation last August, must have had no problem getting volunteers. All they knew was that the targets, a couple accused of embezzling more than Rs 4 crore, had taken cover running a restaurant in North Goa with ‘Rasoi’ in its name. So, to apprehend the criminals, the team booked into a hotel and ordered from every restaurant with Rasoi in its name. We’re told that the orders were lavish — shahi paneer and naan are mentioned, but there must have been much more — presumably to ensure the restaurant delivered directly, rather than through a delivery app. They then followed the delivery guy back and finally, on the fifth order, hit gold at a restaurant named Aunty ki Rasoi.

Piyush Goyal, Commerce & Industry Minister, says “the more we are criticised, the more power this government and particularly Prime Minister Modi gets. We are an aspirational government. We are a hungry government, hungry as in not in the belly, but hungry for more. As they say in Hindi, yeh dil mange more, or dil jitna zyada mangega, utni zyada mehnat karega. The more you desire, the more you work hard for meeting those aspirations, those goals, and I think it is very fair to say that we have miles to go before we sleep and I would think till the last breath of every human being that should be the spirit.”

₹5 crore to the RTDC for operating the Palace of Wheels, along with a share of 18% of the total turnover, the report mentioned. The officials of Palace of Wheels told the English daily that the train has traditionally been serving non-vegetarian food and alcoholic beverages to cater to both foreign and domestic tourists.

Rajya Sabha will on Saturday, the last session of the ongoing Budget session of Parliament, hold a short-duration discussion on the White Paper put out by the Centre and on the Pran Pratistha of Ram Lalla. BJP parliamentarians Sushil Kumar Modi and Prakash Javadekar will raise the discussion on the White Paper, informing its impact on the lives of the people of the country. The nearly 60-page White Paper, which was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday, claimed that the banking crisis was one of the most important and infamous legacies of the UPA government.

Interest in market leading spot Bitcoin ETFs has exploded one month after launch, according to Bloomberg’s Senior ETF analyst Eric Balchunas.

The real estate sector is observably one of the most fragmented sectors in the country, engaging a large workforce and contributing around 7% to Indian GDP. Metro cities such as Mumbai and Delhi-NCR are gaining maximum traction due to being a hub for businesses. However, compared to other competitive metro markets, Hyderabad is set to become the most promising real estate destination in the country. As per a recent industry report, Hyderabad, along with Mumbai and Pune, will be driving growth in the real estate sector in 2024. The following are some of the key factors that will propel the city’s real estate to the next level in 2024.

The concept of a ‘holiday’ in India is undergoing an alteration and has come to a stage of maturity. This has come about due to a number of factors which include a stressful work life and therefore a need for regular short breaks, rising income levels and higher aspirations for a better lifestyle etc. The holiday bug has caught the fancy of Indians in a big way, but with a difference. If we took a peek into the past, a few years ago investing in a holiday home was the privilege enjoyed by a few HNIs or NRIs. Since then, there has been a perceptible shift, post Covid 19, where we are seeing younger generation of Indians looking at purchasing property in holiday destinations across the country.

PVR INOX, the popular cinema exhibitor, is set to change Mumbai's cinematic landscape with the introduction of its inaugural standalone IMAX with Laser theatre at INOX EROS in Churchgate. This brings a remarkable transformation of the 86-year-old iconic EROS cinema, elevating it into the city's premier destination for an immersive and technologically advanced cinematic experience.

Jaishankar on Monday said the Statue of Unity in Gujarat has become a major tourist destination due to the Narendra Modi government's efforts to boost tourism, which also generated jobs for local tribal youths. Jaishankar inaugurated a skill centre dedicated to training local tribal youths in the hospitality sector at Ekta Nagar near the Statue of Unity in Narmada district. As many as 120 tribal youths will be trained annually at this «Hospitality Skill Centre» started by Tata Group firm IHCL, as per a state government release.

India’s exports, given the existing capabilities, the finance ministry said in its economic review for January. It also said that despite subdued global trends dictating the course of foreign direct investment (FDI) flows to India lately, the country continues to chart its way forward and remain a preferred destination.

ARTHA FinPlan, shared, “At present, one may look for FDs for goals like creating a contingency fund and earning a fixed income. For example, a short-term FD can be aligned with a contingency fund. Investors especially senior citizens can invest in for their fixed income requirements.

Weekends are all about downtime. After a week full of work to meet deadlines, everybody needs some breather to relax and recuperate. From watching a favourite web series to planning a vacation, weekends are designated as family and me time. Salone Sehgal, founding general partner, Lumikai, talks to BrandWagon Online about his weekends, favourite vacation destination and more.

winter destinations of Kashmir, Himachal Pradesh, and Uttarakhand are reevaluating their travel plans due to an uncommon absence of snowfall. These regions, traditionally bustling with visitors during the winter season, are now facing a decline in tourism activity.

₹4,389 crore allocation for the current fiscal year. This increase, though modest, aligns with the government's commitment to establish India as a key global player in the textile industry. However, the limited hike could present challenges for the ministry in utilizing its funds efficiently.

Gurugram, one of the most significant cities amongst top metro cities, has become a focal point for Grade A office spaces, with a unique catalyst driving this surge—Global Capability Centers (GCCs) that global companies set up offshore to access specialized high-skill talent to ensure sustainable business growth. These GCCs, synonymous with innovation and research and development (R&D), are transforming India’s economic orientation.