Metro Financial News

Somanathan as India's new cabinet secretary. A 1987 batch Tamil Nadu cadre IAS officer and current finance secretary, Somanathan will serve a two-year term, initially assuming the role of officer on special duty. He will take over India's top bureaucratic post on August 30, according to a statement from the Department of Personnel and Training (DoPT). With a distinguished career spanning over three decades, he has held various key positions, including joint secretary in the Ministry of Corporate Affairs, and joint secretary and additional secretary at the Prime Minister's Office. Bold Policy Reforms

TV Somanathan as the Cabinet Secretary of India. Somanathan who is currently the Finance Secretary of India will remain in office for a tenure of two years, starting August 30. He will discharge the duty of Officer on Special Duty in the Cabinet Secretariat from the date he joins the assignment till he takes over as the Cabinet Secretary. He was previously Joint Secretary, Ministry of Corporate Affairs (2010-11), and Joint Secretary/ Additional Secretary to the Prime Minister from 2015 to 2017.

Ceigall India on Thursday said it has secured orders worth Rs 1,042 crore for development of Kanpur Central Bus Terminal and Bhubaneshwar Metro Project-Phase I. In a statement, the Ludhiana-based company said the Bhubaneshwar Metro Project in Odisha includes the construction of an extensive metro rail network that will enhance connectivity, reduce traffic congestion and promote economic growth within the region. The project is estimated to be completed in 3 years and will enhance urban mobility, reduce traffic congestion and improve air quality, according to the statement. The Kanpur Central Bus Terminal project in Uttar Pradesh will encompass the construction of a modern bus terminal and a comprehensive commercial complex.

Bengaluru a 'Metro' status. Union Minister of State for Finance, Pankaj Chaudhary, explained on Tuesday that under Rule 2A of the Income-tax Rules, 1962, a distinction is maintained between the cities of Mumbai, Kolkata, Delhi, and Chennai, and other places concerning special allowance for residential accommodation under section 10(13A) of the Income-tax Act, 1961. The four designated metropolitan cities have a 50 per cent salary consideration for computing exemption limits, while other cities, including Bengaluru, have a 40 per cent limit, a Bangalore Mirror report stated.

Mint explains the rationale for these moves and what it entails for the future of IndiGo and the Indian aviation ecosystem. After covid-related restrictions were eased in May 2020, India’s aviation ecosystem recovered strongly. The visible signs of an expanding economy, a growing middle class, and higher disposable income were credited with for boosting travel across metros and smaller cities.

smaller cities, which hold the default advantage of lower operational costs and low attrition rates. Two recent reports – the Economic Survey and Infosys ESG – suggest that tech firms and global capability centres (GCCs) of multinationals are increasingly expanding their operations beyond metros, thanks to a newer base of talent available after their relocation during Covid. What is driving them to smaller cities is high availability of talent that migrated during pandemic and didn’t return to their work locations post pandemic plus cost benefit across operations, said Munira Loliwala, vice president for strategy and growth at TeamLease Digital.

on food-delivery platforms. Six years since, she is rolling in dough. The 33-year-old entrepreneur who lives with her husband and two kids says her family was able to purchase a house and upgrade from a two-wheeler to a car after signing up with a food-delivery platform which helped boost sales to ₹4 lakh per month.

Sheikh Hasina has landed at Hindon Air Base in a C-130 transport aircraft, reported news agency ANI. The move of Hasina comes as the airport remains under protection with fewer flights operating from the base. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, reported ANI quoting its sources. Hindon Airport is a Civil Enclave in Ghaziabad Distt. of Uttar Pradesh, operated by the Airports Authority of India at Hindan Air Force Station. It is the second commercial airport in the Delhi NCR which is around 24km from New Delhi Railway Station connected by Major Mohit Sharma Rajender Nagar Metro Station of Ghaziabad, after Indira Gandhi International Airport,Delhi. This airport built to handle domestic flights operating under the Government's Regional Connectivity Scheme (RCS) operated by Airports authority of India.

iPhones, iPads and Macs. Users running iOS 18.1, iPadOS 18.1, and macOS 15.1 Developer Beta can now experience enhanced features such as Siri's contextual awareness, automatic movie creation in the Photos app, and advanced writing tools, while Safari has been updated with the AI-powered Summarize feature, which provides concise summaries of web pages and articles.Delhi Metro Rail Corporation (DMRC) upgraded its ticketing system on WhatsApp to allow users to recharge their metro smart card right from the Meta owned app.

₹27.5 lakh annually) by 2030. This has meant a growing emphasis on growth driven by premiumization. However, there is also significant potential to enhance market penetration overall by prioritizing product affordability to expand both the scale and quality of consumption.

Ashwini Vaishnaw on Friday cited figures to show that there were about one lakh more recruitments during the past 10 years of BJP-led NDA government compared to 10 years of UPA government and said that there is an annual calendar for railway recruitment. Replying to the debate on the working of his ministry in Lok Sabha, Vaishnaw highlighted that the ratio of general coaches, including sleeper and non-AC coaches, to AC coaches is almost 2:1. He pointed out that during the UPA rule, the average number of accidents per year was 171 which has now been reduced by 68 per cent and the government is committed to the of goal of safety.

DMRC's collaboration with Airtel Payments Bank to provide digital payment solutions for commuters.WhatsApp stated that this new smart card recharge facility is available for all routes in the Delhi and NCR region, including the Rapid Metro in Gurugram. This feature extends the QR-based Delhi Metro ticketing system that Meta launched in 2024.

Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.

Bridges along the Seine River are opening up, and police barricades are being taken down in Paris after the Olympics opening ceremony

BHIVE Workspace, a managed office spaces firm, has leased 42,000 sq ft of Grade-A office space in Garudacharapalya, Mahadevapura in Bengaluru.

Brigade Metropolis to KR Puram Railway Station.

₹5,615 crore in the June quarter (Q1FY25), slightly above Street estimates. Profitability was led by robust execution of international projects, while domestic ones remained subdued. The strong pipeline of orders worth ₹4.9 trillion – three times the trailing 12 months revenue of L&T’s core projects & manufacturing (P&M) business – should aid the growth momentum.

Google Maps is now going live in Kochi and Chennai, powered by the government-backed Open Network for Digital Commerce (ONDC) and Namma Yatri. Last December, Google had announced a collaboration with ONDC and Namma Yatri to streamline public transport experience on Google Maps. «Starting this week, Google Maps in Kochi and Chennai will allow you to book your tickets. Now, when you search for public transport directions in these two cities, you'll start seeing a new booking option for the metro leg of your trip. With a tap, you'll be guided through the booking and payment process, eliminating the need to wait in line at the station,» said Anal Ghosh, India Product Lead, Google Maps, while talking to reporters in Bengaluru on Thursday.

Budget Allocation for Northeast Frontier Railway for the FY 2024-25 is Rs. 14183.69 crores. The allocation for North-eastern states is Rs. 10,376 crores which is about five times higher than the average allocation of Rs. 2,122 crores made during 2009-14.

Niti Aayog meeting scheduled for July 27 in Delhi to protest what Chief Minister Siddaramaiah called “raw deal” to the state in the budget Finance Minister Nirmala Sitharaman presented on Wednesday.

quarterly results for the April-June 2024 period on Wednesday. Key results to watch out include L&T, Axis Bank, Bajaj Finserv and SBI Life. Apart from the above, companies like CMS Info Systems, Craftsman Automation, DCB Bank, Epack Durable, Federal Bank, Go Fashion, Jindal Steel, JK Paper, Mahindra Lifespace, KPIT Technologies, Ramco Systems among others will also announce their results.