Metro Financial News

Heritage Foundation economist Peter St. Onge offers his analysis on the housing unaffordability crisis on 'The Bottom Line.’

Home price increases are good news for real estate investors and existing homeowners, but for those trying to buy, now may not be the right time.

₹35 lakhs from a classmate after blackmailing him over his online gaming addiction. The two have been placed in the juvenile facility and the other accused is in juvenile custody, reported Indian Express. In addition to the accused students, the police have also arrested other people involved in the extortion, Bengaluru Police told IE on Wednesday.

Janney Montgomery Scott, the privately owned, independent subsidiary of Penn Mutual, has announced significant enhancements to its network with the addition of two seasoned financial advisors.

Squeezed household budgets may be forcing some American homeowners to tap savings accounts for their monthly mortgage payments but it’s helping maintain low delinquency rates.

Vande Metro trains will begin in July 2024. According to officials aware of the move, these trains will eventually ply to and fro over 100-250 kms distances connecting 124 cities across the country. Identified routes include Lucknow-Kanpur, Agra-Mathura, and Tirupati-Chennai, among others. The trains will focus on carrying passengers between large urban centres and satellite cities, running on existing tracks of Indian Railways. «Vande Metro trains are oriented towards high acceleration with frequent stoppages. These trains will have 12 coaches each, large automatic doors with side seats,» an official working on the project told ET.

ALSO READ: India vs Afghanistan T20 match: Bengaluru metro extends train service timings on January 17. Details here 1) The first metros will start plying from all four terminals from 3.25 am onwards. 2) All trains will ply every 10 minutes from 3.25 a.m.

MIAMI — Daniel Habibian worries about climate change. 

REC Ltd has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) to provide it with a financial assistance of ₹1,869.26 crore as a term loan. The power ministry said the loan will be utilized for development, construction and operation of the greenfield 4 x156 MW Kiru Hydro Electric Project on River Chenab, in Kishtwar district of Jammu & Kashmir.

Bengaluru, several businesses are providing incentives for voters’ engagement in the democratic process on Friday. Over 1 crore individuals are eligible to vote in Bengaluru. To motivate them to utilize their privilege, numerous hotels, pubs, and taxi aggregators have declared discounts, freebies, and complimentary rides. «They will have to show their inked index finger to avail the benefits.» This is not the first instance of such initiatives being publicized. Nisarga Grand Hotel on Nrupatunga Road is providing voters on polling day with complimentary butter dosa, ghee rice, and a beverage.

Shoppers are still searching for more affordable options at the grocery store even as food inflation eases, according to Metro Inc.

IIT Bombay turned motivational speaker, recently took to LinkedIn to share his profound personal journey. Baghel bravely recounted his battle with suicidal thoughts during a challenging period in his life and shed light on the three significant hurdles he faced during his college days. Financial Hardship and Emotional Turmoil Baghel recounted the distressing experience of having his hostel room locked due to financial constraints, a situation that left him deeply humiliated among his peers. He revealed the financial strain he endured as he struggled to secure funds for both his own hostel fees and his sister's medical college expenses. Baghel's poignant narrative underscores the harsh realities faced by many students grappling with financial instability. Academic Setbacks and Struggles with Language

SKA Group will invest Rs 592 crore to develop a luxury residential project in Greater Noida on the land it had acquired from the local authority in an auction. SKA Destiny One will be company’s maiden luxury residential project and will be spread over 1.4 million sq ft. “The buyer is looking for bigger apartments with best of the amenities. As a result, we have also shifted focus towards luxury development. We aim to complete the project within the five years timeline,” said Sanjay Sharma, Director, SKA Group.

credit demand during this period is not just limited to larger metros. Kanpur and Barabanki emerged among the top 10 cities by originations (value) in the December 2023 quarter, a quarter marked by festival spending, said a report by credit bureau CRIF Highmark. «The festive season remains a crucial driver for consumption-based lending in India, benefiting both lenders and borrowers” said Sanjeet Dawar, Managing Director, CRIF High Mark. “ What is interesting to note is that credit demand during this period is not just limited to larger geographies. Kanpur and Barabanki emerged among top 10 cities by Originations (value) in Q3 FY24. Cities beyond top 100 by Originations (value) dominated vehicle loans two-wheeler and auto loans as well as consumer durable loans during the last festive season Q3 FY24” Loans such as two-wheelers and consumer durables have seen an increasing share of BT100 cities from Q3 FY23 to Q3 FY24. Overall, the year-on-year growth rate in originations (value) during festive season increased for consumer durables and home loans in Q3 FY24 compared to Q3 FY23.

water crisis and its impact on tech corridors must come as a warning to Bengaluru to improve its infrastructure, MV Rajeev Gowda, a former IIMB professor contesting polls from Bengaluru North as Congress candidate, told ET. “If we don't create and maintain a healthy ecosystem where industries can flourish, other states may lure them away,” he said, referring to Kerala wooing investors from tech giants in Bengaluru to consider the coastal state for investments, promising plenty of water and other facilities. Gowda (60), son of former Assembly Speaker MV Venkatappa, will be facing off against BJP MP & Union MoS Shobha Karandlaje in a high-stakes battle in the 33 lakh-voters strong constituency on Friday. Entering the electoral fray for the first time, he is also the vice-chairman of the State Institute for Transformation of Karnataka (SITK), the state-own version of Niti Aayog, and has worked on metro-feeder buses in the city.

real estate sector, along with an increase in working capital requirements, has resulted in an increase in debt transactions in housing projects, as property developers seek to bridge the gap between demand and supply. This trend has also led to a surge in private equity and real estate credit funds, such as Nisus Finance, PAG Asia, ASK Property Fund and HDFC Capital, actively seeking to invest more in the residential segment. «We are actively exploring more investment opportunities in the coming quarters, with many such prospects in other major metros. We have identified stressed residential assets worth around ₹1,000 crore, totalling 5 million square feet across Bangalore, and are actively seeking similar opportunities,» said Angad Bedi, managing director of BCD Group, which jointly operates a stressed fund with Nisus Finance.

Delhi metro officials announced that train operations between Delhi Metro's Samaypur Badli and Jahangir Puri stations on the Yellow Line will be restricted to a single line for a duration of four months to facilitate the execution of Phase-IV work for the Magenta Line extension. Service disruptions will occur between 10 pm and 7 am during this period. The Yellow Line links Samaypur Badli in Delhi with Millennium City Centre Gurugram in Haryana. The DelhiMetro Rail Corporation (DMRC) said in a post on X, "Train movement between Samaypur Badli and Jahangir Puri on the Yellow Line shall be done via single line from 10 pm till end of revenue services and from start of revenue services till 7 am with effect from Thursday (18.4.2024) for a period of four months for execution of Phase-IV work of the Magenta Line extension."

State Bank of India (SBI) and NPCI Bharat BillPay have partnered to onboard SBI NCMC cards on the Bharat BillPay platform to further improve traveller convenience. According to the NPCI press release dated April 18, 2024, this will make it easier for users to top up or recharge their cards online, preventing long lines and guaranteeing a hassle-free experience. Where can it be used now? With SBI NCMC cards for Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen via the bank's Bharat BillPay-enabled application, SBI Unipay, the category is now operational, and other frontend platforms will shortly go live with the service.

Dubai International Airport, one of the busiest airports globally. Meteorological reports indicate that Dubai received about 20 millimeters of rain late Monday, with the storm intensifying on Tuesday morning. By the end of the day, the city had accumulated over 142 millimeters of rain, surpassing its average annual rainfall of 94.7 millimeters.

Mint. The state-owned airport operator also plans to invite bids for operation, management and development of 13 airports, including Bhubaneswar, Trichy, Indore, Raipur, Amritsar and Varanasi, in public-private-partnership mode, the officials added. “The plan is to be implemented after the new government takes over in June.

A Native American-led nonprofit says it has purchased about 40 acres of land in South Dakota's Black Hills area