Metro Financial News

Canada’s biggest grocers are investing money and space in discount stores such as No Frills, Food Basics and FreshCo as shoppers look for ways to save on food amid the higher cost of living.Converting grocery stores to discount is a relatively easy move, experts say, and one that is helping the grocers keep profits steady despite consumers seeking ways to rein in their spending.“There’s all sorts of things that … people are doing, but one of them is looking for cheaper options. And so they are going to discount stores,” said Michael von Massow, a food economy professor at the University of Guelph.Each of the major Canadian grocers has several different store brands, also known as “banners” — from high-end to conventional to discount.

₹56,000 crore in Adilabad. This move targets the power, rail, and road sectors, aiming to juice up infrastructure and energy supply. During his visit, PM Modi will launch the enhanced Sanathnagar - Moula Ali rail line, now with double tracks and electrification, plus six new station buildings in Ferozguda, Suchitra Centre, Bhudevi Nagar, Ammuguda, Neredmet and Moula Ali Housing Board stations.

PTI-Videos, the Railway Minister said that though the work on the Kolkata Metro started in the 1970s, the progress made in the last 10 years of the Modi government was much more than the 40 years before that. -The work on Kolkata Metro progressed in several phases.

The government has no immediate plan to reclassify the “affordable housing” segment, which is encouraged with interest subvention funded out of budget, a senior official from the ministry of housing and urban affairs (MoHUA) told FE.

Hindustan Times has stated. As per the report, following discussions with Pune metro officials, Sanjay Kolte who is the chairman and managing director of PMPML has decided to merge the two ticketing systems, aiming to enhance service quality for the commuters. “In the meeting, we discussed how to merge PMPML, Pune Metro ticket system.

FSSAI on Thursday said it has awarded 'Eat Right Station' certification to 150 railway stations so far for ensuring safe, hygienic and nutritious food options for passengers. In a statement, the health ministry said, «The Food Safety and Standards Authority of India (FSSAI)'s Eat Right Station initiative is making significant strides in ensuring access to safe and healthy food within these bustling hubs.» Till date, 150 railway stations across the country have been certified as 'Eat Right Stations', ensuring safe, hygienic, and nutritious food options for millions of passengers. The 'Eat Right Station' certification process involves rigorous audits of food vendors, training of food handlers, adherence to strict hygiene and sanitation protocols and efforts to raise awareness among individuals to make informed food choices.

Online retailers must minimize wares being returned According to Somick Goswami, Partner, and Business Transformation Leader, PwC India, the next phase of growth in e-commerce will be driven by consumers from tier 2, 3, and 4 cities because “online shopping provides a gateway for more brand choices as compared to physical stores". Flipkart to start same-day delivery in several Indian cities soon The PwC also pointed out that online shoppers largely rely on YouTube while buying a product because of the platfrom's content that comprises unboxing videos, usage experience, etc.

By Marc Jones and Olena Harmash

prominent examples being power, PSU, and financial stocks. One stock that fit into all three categories was Power Finance Corp (PFC). The stock was up about 240% in 2023.

Finance Minister Nirmala Sitharaman on Wednesday hailed Bengaluru tax payers for their contributions in building a strong and 'Viksit Bharat', and said the Department of Revenue is running its entire national faceless income tax assessment scheme from Karnataka's capital city. Speaking after laying the foundation stone for the upcoming complex «HONGIRANA» for Income Tax officers and staff here, she said the tax payers of Bengaluru have been absolutely giving us the buoyancy, and thanked all individual and corporate taxpayers in this region for making sure for building a strong and 'Viksit Bharat'. «Your contribution is relentless. There has never been a dip. So thank you very much Bengaluru for keeping that momentum up», she said. Sitharaman also emphasised the investments that the Central government is making in Bengaluru.

DLF Techpark Noida is a benchmark workspace ecosystem comprising grade-A offices. Sprawled across an impressive 25 acres, this visionary development promises a dynamic, high-performance office ecosystem meticulously crafted to meet the demands of the future. With a focus on fostering innovation, collaboration, and well-being, along with incomparable security and sustainability, it is poised to become the preferred choice for business leaders and discerning professionals.

Small-town entrepreneurs are increasingly looking for modern office interiors, much like large corporates in metro cities, leading to a surge in demand for workspace interior companies, said industry executives. From local builders to garment traders and exporters, small-town businesses are investing heavily in renovating their offices with collaboration areas, modern ceilings and open chambers, they said. Lightspeed-backed workspace interiors platform OfficeBanao said 70% of its business comes from smaller cities as the next generation is investing in improving the office ambience.

Ajit Pawar announced that a new MSME policy is being prepared for the state. "Under the Jal Jeevan Mission, the government intends to give tap water connections to nearly 1.47 crore households. The government plans to provide 34,400 homes for Divyang people under the Housing for All Scheme," he said.

IG Drones, India’s leading drone tech company has announced that it has bagged a procurement order from the Defence Ministry to supply drones, for surveillance purposes. This is a landmark deal the drone manufacturer has secured, to assist the defence ministry in its operations. The order entails supplying drones and essential accessories to the Ministry of Defence. The selected drones have industry-first features and are enabled with 5G capability and have advanced features and exceptional performance, functioning effectively in extreme temperatures and high altitudes. The drone is capable of vertical take-off and landing and can be effectively used in defence and medical applications. By providing enhanced surveillance capabilities, these drones act as a crucial asset for defence forces, strengthening operational efficiency at the borders. With the advent of 5G services from Telecom Service Providers (TSPs), these drones now boast enhanced precision control capabilities, allowing them to be remotely operated from a command centre, eliminating the need for on-site presence.

within the Indian TV industry, highlighting the transformation in audience media consumption patterns. “When we published the first edition in December 2022, we had forecasted that addressable TV household is expected to surpass 40 million by 2025. And we are very happy to admit that the rapid growth and the potential this medium has shown has exceeded all our expectations," said Rajiv Rajagopal, head-advanced TV, GroupM Nexus.

Cost of Living LIVE Updates February 27: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

high-net-worth individuals, luxury hotel chains in India are expanding their branded residences portfolio to cater to a wealthy clientele seeking premium living experiences. Marriott International, the world's largest hotel and branded residences operator, and the leader in operating standalone branded residences, recently signed up its first JW Marriott-branded residences agreement in India at Hyderabad and is in the process of signing up more. Similarly, Hilton is «actively seeking avenues» to extend the presence of its luxury brands like Waldorf Astoria and Conrad in metros to create branded homes. India's EIH, which signed up with B I Luxury for the first such project in May 2022 under Trident Residencies, will have its apartments and penthouses possession-ready by October this year, Shashank Bhagat, chairman, BI Group, told ET. These standalone properties (not co-located within a hotel premises) boast of five-star amenities and range from ₹18 crore to ₹45 crore. Some of the owners include Sunil Kant Munjal, chairman, Hero Enterprise and Pai family of the Manipal Group.

The real estate market in India has been witnessing exponential boom over the last two years. With rentals skyrocketing, the sector has remained buoyant with property owners enjoying the lucrative appeal of their property investment. And it is interesting to note that the net rental yield in India is one of the highest in the world.

Nirmala Sitharaman. Amid tight security, the passengers grabbed the opportunity to click pictures with the Union Finance Minister. “Smt @ interacts with commuters while travelling from Ghatkopar to Kalyan in a Mumbai local train," the official X handle of Nirmala Sitharaman said while sharing the pictures of her Mumbai local journey.

The New Indian Express has reported. As per the report, Bangalore Metro Rail Corporation Limited (BMRCL) is initially planning to operate with drivers due to permission constraints. The driverless metro train comprising six coaches from China arrived at Hebbagodi depot in Electronic City, the IT hub in South Bengaluru According to a senior official from BMRCL, out of the 36 train sets which have been ordered, only 15 will be based on the Communications-Based Train Control (CTBC) system or the driverless system, the report said.

RBI) has permitted authorised bank and non-bank and non-bank prepaid payment instrument (PPI) issuers to issue cards for making payments across various public transport systems. The latest move is set to make travel plans for commuters more convenient and hassle-free as they will be able to travel across platforms such as bus, metro, train and even pay for the parking fee by using just one card. “Public transport systems across the country cater to a multitude of commuters on a daily basis.