Metro Financial News

Galen Weston may not be the president of grocery giant Loblaw anymore, but you wouldn’t know that based on how often his name and face appear in connection with the company: in memes, on social media, and now emblazoned across the top of a new Reddit forum dedicated to high food prices in Canada.

Loblaw Cos. Ltd. set an all-time high for the second time this week as Canada’s biggest grocer rallied on a fourth-quarter earnings beat and expansion plans.

savings account (CASA) deposits — can no longer be taken for granted with the average urban saver increasingly tilting in favour of higher-yielding Dalal Street instruments, such as mutual fund plans and direct stock ownership. And the already visible struggle for deposits could intensify further for the industry with the biggest index weighting — and overseas ownership — as democratisation of technology and familiarity help lift the veil on the hitherto opaque and esoteric world of D-Street for the average rural saver, fundamentally altering the dynamics in the handling of financial savings to the detriment of high-street banks.

₹40,845 crore from ₹5,907 crore during the same period. The slow burn of bankruptcy filings may be about to end The average ticket size of these loans has reduced from ₹26,794 to ₹9,816 on the back of a higher volume of small ticket loans, the report added. On loan delinquencies, the report said it constituted 3.6% of the total portfolio of the Fintech as of September 2023.

Cost of Living LIVE Updates February 22: 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.

DMRC on Wednesday unveiled its new integrated operation control centre (OCC), a major step towards creating necessary infrastructure for commencement of operations on Phase-IV corridors of the Delhi Metro, officials said. With this new OCC, the entire DMRC network will now be controlled in an «integrated manner» from the Delhi Metro Rail Corporation's headquarters — Metro Bhawan, they said. This new OCC, commissioned on the third floor of Metro Bhawan, provides remote visibility, manoeuverability of the entire Metro system (rolling stock, stations, signal, tracks, etc.) with concourse and platform level monitoring, thus passengers and system both are always under monitoring from the OCC, the DMRC said in a statement. The Delhi Metro Rail Corporation (DMRC) is presently carrying out construction work on a 65.2-km stretch of three priority corridors spanning 45 stations as part of this project.

Mumbai, February 6, 2024: After the resounding success of Shapoorji Pallonji Real Estate’s premium project BKC 28, WSB Real Estate Debt Fund II (WSBREDF II) has invested INR 55 crore in another premium project, BKC 9, situated in Bandra East, Mumbai. BKC 9 is a collaborative effort between Shapoorji Pallonji Real Estate (SPRE) and Vakratunda Realty Private Ltd The WSBREDF-II fund has committed an investment of INR 55 crore to complete the premium project, BKC 9.

Mumbai Metropolis Metaverse which will offer an immersive virtual representation of Mumbai. In this 3D map, the government aims to give the people an idea of how Mumbai (MMR) will look in the coming years and the sort of new amenities the city is going to provide to the Mumbaikars.

HRA and the implications from tax perspective. Eligibility for tax benefit To qualify for tax benefit on HRA, the individual should be a salaried employee, should reside in a rented accommodation and pay rent. Self-employed individuals are not eligible for claiming tax benefit on HRA.

civil aviation security regulator has asked airlines to deploy adequate manpower within 10 days to ensure passengers don't have to wait more than half an hour to collect their luggage. The Bureau of Civil Aviation Security (BCAS) wrote to airlines on Friday, directing them that the first bag should arrive at the carousel within 10 minutes of the aircraft shutting down the engine and the last bag no later than 30 minutes. In January, BCAS monitored baggage arrival time of all airlines at six metro airports — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai — on a weekly basis and found they did not adhere to the standards set in the Operation, Management and Delivery Agreement. Contractual agreement was signed by Airports Authority of India with Delhi and Mumbai airports during their privatisation in 2006. It defines standards of service that the airports have to provide to passengers. «The above monitoring is currently being done at six major airports, However, BCAS has directed the airlines to ensure that the mandated levels are achieved in all airports where they fly,» the regulator said in a statement.

Karnataka Deputy Chief Minister D K Shivakumar on Sunday said that the state government was considering building flyovers along certain stretches of metro lines to decongest Bengaluru city. Speaking at the mass grievance redressal 'Government at Your Doorstep' at Jnanabharathi, he said, «It has been decided to build flyovers on certain stretches of metro lines to decongest the traffic. A proposal has been sent to the Centre regarding this.» «The Chief Minister announced many projects in the Budget to develop Bengaluru. The BBMP Budget will be presented soon and it will complement the projects announced in the State budget. We are preparing a feasibility report for tunnel roads near Yeshwanthpura, Sumanahalli, Goraguntepalya, etc.»

₹4,499.80 apiece seen last week. Analysts suggest that power transmission and distribution, data centres, railways, metros, and locomotives will remain growth areas for the heavy electrical equipment manufacturer. In the December quarter of fiscal year 2024 (Q1FY24), Siemens secured new orders worth ₹5,971 crore, nearly a 10% increase previous year.

₹65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. "We have got an order book of around ₹65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market.

RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. «We have got an order book of around Rs 65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market. In time to come, we should maintain an order book of around Rs 75,000 crore,» top management officials said in reply to a question. Of the total order book, the share of the Vande Bharat trains was around Rs 9,000 crore, and Rs 7,000 crore was for several metro projects. The company has also bagged projects in the electrification and transmission lines among others.

Civil aviation security regulator Bureau of Civil Aviation Security (BCAS) has asked airlines to deploy adequate manpower in 10 days so that passengers don’t have to wait at airports for their luggage. The regulator on Friday wrote to airlines saying that the first bag should arrive at the baggage belt in 10 minutes of the aircraft shutting down the engine whereas the last bag within 30 minutes. In January, BCAS monitored baggage arrival time of all airlines at six metro airports- Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai on a weekly basis and found that they were not according to the standard set in Operation, Management and Delivery Agreement (OMDA).

₹63,246 crore. The same was recommended to the Union Ministry of Housing and Urban Affairs (MOHUA), for approval during January 2019," M.K Stalin wrote in his letter to PM.

The first look of the Meerut Metro train set was presented and handed over to the National Capital Region Transport Corporation at Savli, Gujarat. Union Minister Hardeep Singh Puri lauded the unveiling of the indigenously designed metro train set for the Meerut section of the Delhi-Ghaziabad-Meerut corridor. 

Prime Minister Narendra Modi will lay the foundation stone of the Gurugram Metro project on February 16. The Haryana government had approved the formation of the Gurugram Metro Rail Ltd, which shall be jointly owned by the Haryana government and the Government of India, to execute the metro extension project early this year.

In a historic move set to redefine Gurugram’s urban landscape and economic prospects, Prime Minister Narendra Modi laid the foundation stone of the Gurugram Metro Rail project today. This momentous event marks the commencement of a visionary project that promises to enhance connectivity, reduce traffic congestion, and significantly boost the real estate sector in Gurugram and surrounding areas.

With affordable housing losing its sheen in the past couple of years, top property realtors believe that intervention from government, in terms of subsidy schemes for borrowers or reduction in interest cost for land acquisition is the only way to revive interest in it.

Indian stock market: Following the Defense Acquisition Council’s (DAC) meeting held on Friday to disburse the ₹80,000 crore order, defence stocks in India are expected to remain in focus on Monday. According to stock market experts, defence companies with strong CAPEX are expected to come under the radar of Dalal Street bulls as some value buying is expected for to defence segment when the Indian stock market reopens on Monday. Speaking on the impact of the DAC meeting outcome on the Indian stock market, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 said, "The recent military order of 80,000 crores signifies a significant YoY increase in military spending.