Metro Financial News

Urban Vault, a managed co-working firm, has leased 100,000 sq ft of office space at Brigade Summit, a mixed-use project by Brigade Group in Whitefield, Bengaluru as the firm plans to expand the business to meet the increasing demand for managed workspaces. The new facility will include more than 2,000 desks and will see Urban Vault—a self-funded, bottom-line-driven company enter the Whitefield micro market that is witnessing many flexible operators expand operation. «The demand for prime office space has significantly revived. Large and medium-sized corporations are now preferring hassle-free managed office space from operators,» Urban Vault, Co-founder and CEO, Amal Mishra said.

Residential housing prices in the Delhi-National Capital Region (Delhi-NCR) jumped by 30% year-on-year during the April-June quarter of 2024, the highest among the top eight cities in India, according to the report. In the Delhi-NCR region, the average housing prices jumped 69% in Dwarka Expressway during the quarter under review. Meanwhile, the average housing prices soared 45% year-on-year in Greater Noida during Q2 2024, according to the report. «Both these markets saw select marquee projects by leading developers during the quarter within luxury and ultra-luxury segments,» the report said. Bengaluru came second in the list as the housing prices jumped by 28% year-on-year in the southern city, as per the report. In Bengaluru, «the Periphery & Outer East micro markets witnessed the highest price rise at 42% year-on-year. Ongoing Metro extensions and upcoming suburban rail projects are likely to further boost residential activity, especially in Inner East and Periphery and Outer North micro-markets,» the report added. «1BHK apartments continued to see healthy demand, with their prices rising at 44% year-on-year followed by 4BHK configuration at 29% year-on-year rise,» the report said.

₹1 trillion mark. The stock has delivered staggering 30-fold returns since its listing in 2019. Is this steep rise justified? To answer that we first need to understand RVNL’s business model.

Paris for the 2024 Paralympic Games is how will the city get ready to welcome close to 300,000 people with special abilities who will be here to watch 4,400 athletes contesting across 23 disciplines spread over the next two weeks. Paris, unlike many other European cities, isn’t really friendly to the specially abled. To give a basic example, most metro stations still don’t have elevators, and some don’t have ramps and even toilets for the specially abled. Some of the venues—like the one used for beach volleyball, right in front of the Eiffel Tower—wasn’t meant for the specially abled during the Olympics that ended on August 11. However, its transformation has been amazing. The venue, which will now host blind football, looks completely different, having gone through a makeover. Adding to the comfort of the paraathletes, there are a lot more volunteers at the metro stations and ramps have come up at certain places.

labour dispute is costing farmers between $40 million and $50 million a day. A city councillor says the stoppage has disrupted the daily lives of residents.“We’re going to have to talk to our banks and talk to our creditors and say, ‘Hey, you know what I thought I could do? I can no longer do it,’” Grain Growers of Canada Chair Andre Harpe told Global News.“It’s not been a pleasant experience for anyone,” Maple Ridge, B.C.

₹75 crore business without any venture capital. Like Suta, several apparel brands in India have bucked the trend of startups relying on external capital to scale businesses. Despite capital becoming scarce, the advent of social media and online platforms has democratized brand reach, enabling these companies to grow profitably, albeit at a slower pace.

Amazon India is set to tweak its seller fee structures with effect September 9, with several categories seeing a reduction in commissions in the run up to the festive season. The firm has reduced commissions in the range of 3-12% for 59 sub-categories, Amazon India’s director of selling partner services, Amit Nanda, told ET. The reduction is focused on products with low average selling price (ASP), he said. “We also wanted to help our sellers in planning for their Diwali and other festive sales… with this change, we’re hoping sellers will find it as cheap, if not cheaper, to sell some products on Amazon compared to their offline channels,” Nanda said.

Waterlogging caused severe traffic congestion in South Moti Bagh and Dhaula Kuan, Delhi. Additionally, the Delhi Traffic Police released a notice stating that waterlogging near GTK Depot was causing traffic issues on GTK Road. There is a traffic diversion in the direction of Wazirabad. Travelers can access the NPL side by traveling on Road No. 51.

Bengaluru may be the ‘Silicon Valley’ of India, this NRI has eyes only for the serene city of Kochi. An Indian-origin man took to Reddit to ask netizens about the ideal city he could settle in, along with his British wife and three-month-old daughter. The Reddit user, named J. Pal, revealed that he was planning to relocate permanently to India in February 2025. He also stated that he was considering making Kochi, a major city in Kerala, their new home. However, he had certain questions. He wanted to know if Kochi had any language-based regionalism like Bengaluru. He was also inquisitive about how safe women were in the city. Following that, as a new parent, he was keen to know if Kochi has quality IGCSE schools for their daughter's education. Users also highlighted that Kochi boasts excellent hospitals and a well-connected public transportation network, including both the metro and the water metro.

Indian Railways is gearing up to introduce the Vande Bharat Metro in Gujarat, marking a significant milestone in the nation's public transportation. This metro service, which is the first of its kind in India, will operate between Vadodara and Ahmedabad, with trial runs set to begin in the near future. JK Jayant, Chief Spokesperson of Western Railway, confirmed that the trials are scheduled to commence within the coming days, focusing on enhancing connectivity and efficiency, especially following recent upgrades to the railway route between Ahmedabad and Mumbai.

On Tuesday, key areas affected by the waterlogging included the outer ring road towards Hebbal Circle, Kempapura towards the Airport, Veerannapalya Signal towards Hebbal Circle, and the down ramp of the Hebbal flyover towards the Airport. In these areas, slow-moving traffic was reported. Many commuters were stuck for hours near the Hebbal flyover during peak traffic hours.

₹576 crore, which was below estimates. Rapid store expansion caused standalone revenue per square foot to drop 10% to ₹4,500. Also read: Cement prices are at a multi-year low, and there’s more earnings pain ahead A silver lining is the shift towards premium products, with 54% of sales now from products priced above ₹3,000, against 50% in the March quarter.

doctors' strike is on in the national capital with Sunday marking a week of the indefinite protest over the rape and murder of a medic in Kolkata, causing disruption of services and affecting patients. In the action plan for Sunday, members of the Delhi resident doctors' association (RDA) have decided to take out a candle march outside Gate 1 of Rajiv Chowk Metro Station at 6 pm. «As approved in today's general body meeting, residents from all medical colleges and institutions in Delhi will gather for a candle march protest in Connaught Place,» a statement from the GTB Hospital RDA read. «We will assemble in groups of 3-4 at Gate No. 1, Rajiv Chowk Metro Station, form a human chain, and light candles at the inner circle to raise awareness about the tragic incident at RG Kar Medical College, Kolkata,» it added.

metro projects in Bengaluru, Pune, and Thane, aiming to alleviate traffic congestion and enhance transportation efficiency.

Mint. “We see potential for at least 20-25 airports, including those in metros, to become hub airports," one of them said.

Metro Inc. says it earned a third-quarter profit of $296.2 million, down from $346.7 million in the same quarter last year, as its sales rose 3.5 per cent.

As the Olympics close in Paris, Los Angeles has now taken the torch

Himanta Biswa Sarma said that in Assam there will be 38 CNG Stations and steps will be taken to increase the numbers in the near future. Sarma virtually inaugurated commercial operations of five Compressed Natural Gas (CNG) stations at a programme held in Dispur. Purba Bharati Gas Private Limited which is a joint venture company of Assam Gas Company Limited, Oil India Limited and Gail Gas Limited has developed the CNG stations in Ulubari, Sonapur, Lalmati, Kahilipara, and Azara. The name of the stations are 1. COCO (Company Owned Company Operated) CNG Station, Ulubari. 2. HP Sonapur, Sonapur. 3. HKS Service Station, Lalmati. 4. Bungrung Service Station, Kahilipara. 5. Ramani Service Station, Azara.

BEML Ltd expects the rail and metro segment, along with defence, to be the biggest contributor to its revenue in the near future as it looks to bag export orders for Vande Bharat and metro trains in a few years. «The priority is to roll out the indigenous Vande Bharat trains first. But next year, we will try and should expect something on the export front,» BEML (formerly Bharat Earth Movers Ltd) chairman Shantanu Roy told ET. The company, which reorganised operations this fiscal, is keen to accelerate the make in India initiative. It is working on a few opportunities in the Middle East, South America, and the Asean region for rail and metro exports, Roy said. «The ultimate aim is to have exports around 10% of our top line from the present nearly 4%.»

Independence Day, the DMRC on Sunday advised people not to fly kites in the vicinity of elevated metro lines passing through residential areas for their safety and to prevent disruption of metro services. «As kite flying gathers pace around August 15, there is a likelihood of kite strings getting entangled in the OHE (overhead equipment) wires or getting stuck in the pantograph (which draws power from OHE) of a moving train if kites are flown in the area of elevated metro lines,» Delhi Metro Rail Corporation (DMRC) Principal Executive Director Anuj Dayal said in an advisory. «Such incidents have the potential to not only disrupt the metro services by damaging/tripping the OHE or pantograph but may also prove fatal to those flying kites with metallic maanjha,» he said. The DMRC has a robust mechanism in place to check and prevent any kind of disruptions and dedicated teams are deployed to swiftly remove any kite strings, he added.

Wrestlers of various age groups are arriving at the Chhatrasal Akhada for nighttime training. They stay in the adjacent sports hostel. Coaches Jaibir Dahiya, Anil Mann, and Pradeep Dahiya are waiting for them.