Metro Financial News

BSNL) and Mahanagar Telephone Nigam (MTNL) for the slow pace of their land monetisation process, especially in the metro cities. They have released only ?550 crore from land monetisation in the past few years, compared with the estimated potential of over ?20,000 crore. «BSNL and MTNL have been asked to speed up the process of land monetisation as the Centre is looking to reduce the debt of both telecom-sector PSUs,» a senior official aware of the matter told ET. Cabinet Secretary Rajiv Gauba called a review meeting with the senior officials of BSNL and MTNL earlier this week to take an update on the monetisation process. «They have been asked to prepare a detailed circle-wise report, with the land parcel and reason for the delay or possible hurdles, by May 31,» another official said.

India (RBI) on Friday issued a set of FAQs relating to the Paytm Payment Bank crisis. The central bank said that the FASTag linked with Paytm Payment Bank can be used only till March 15, 2024. However, the RBI has suggested alternative methods to avoid inconvenience for users. Here's what it said in its set of FAQs:

What is an NCMC card, and can users continue to use NCMC cards issued by Paytm Payments Bank after March 15, 2024? NCMC stands for National Common Mobility Card, which is an interoperable transport card facilitated by the Indian government. Users can continue to utilize NCMC cards issued by Paytm Payments Bank until the available balance is exhausted. However, they won't be able to add funds to these cards after March 15, 2024. Users are advised to obtain NCMC cards from other banks or non-bank prepaid instrument (PPI) issuers before the deadline to avoid inconvenience. Will it be possible to add funds to NCMC cards issued by Paytm Payments Bank after March 15, 2024? No, after March 15, 2024, users will not be able to add funds to their NCMC cards issued by Paytm Payments Bank. It's recommended that users obtain NCMC cards from alternative banks or non-bank PPI issuers before the specified date to prevent disruptions.

₹1,650 crore. Details shared by the Centre indicate that the PM will dedicate six operational AIIMS centres within the few days.

Prime Minister Narendra Modi on Friday launched a verbal attack on the Congress party, alleging that its primary agenda revolves around opposition to him, describing it as ‘Modi Virodh’ and ‘Ghor Modi Virodh’. PM Modi made these remarks while addressing the program ‘Developed India-Developed Rajasthan’. He said, "Congress has only one agenda, to abuse Modi...they don't even take the name of Vikshit Bharat because Modi works for it.

-Bharat Bandh and farmers protest: Farmers' umbrella body Samyukta Kisan Morcha (SKM), along with central trade unions, have called for 'gramin bharat bandh', or nationwide strike today, February 16. This Bharat Bandh call will take place from 6 am to 4 pm amid ongoing ‘Delhi Chalo’ march that will mark its fourth day today to press the centre for farmers' demands relating to the agriculture sector, including a law guaranteeing Minimum Support Price (MSP) for crops.

iron pipe dislocated from the Subhash Nagar Metro Station and fell onto a car and a scooter on February 15, adding to the concerns over the safety and infrastructure integrity of Delhi Metro stations. The incident at Subhash Nagar Metro Station, located in west Delhi, resulted in one person reported injured, although further details are currently awaited. Eyewitnesses at the scene described the chaos and panic that ensued as the iron pipe came loose, striking vehicles passing beneath the station. The incident occurred amidst heightened scrutiny of the city's metro system following the recent collapse at Gokulpuri Metro Station on the Pink Line, which claimed the life of a 53-year-old man and left several others injured.

Mayank Shah, VP, Parle Products, says “we have changed along with the city, hand in hand. Bombay has evolved into a mega metro today from what it used to be. Of course, it used to be an important city earlier as well but the way it has grown today is the same way even the company has grown. So, probably 20 years back, we had very limited products, very limited options. We are available in limited categories. Today, we have more than 50 brands and more than 350 SKUs straddling across multiple categories.” On premiumisation of products Mayank Shah: We have an entire range of premium products called Platina, where we have Milano, Hide & Seek, Nutricrunch, and all of them and they are doing very well. So, as India is growing, as our economy is developing and growing, I think Indians have started accepting premium products or rather have started spending on premium products and the Platina range is doing very well.

The Phoenix Suns announced Wednesday they have acquired the rights to a G League franchise that will begin play next season, meaning all 30 NBA teams now own or operate a team in the developmental league

What happened to govt-appointed panel on MSP formed after 2020-21 farmers protest? It further says: "Only DTC Buses and Cars/four-wheelers allowed from Mukarba Chowk towards NH-44 to take EXIT No. 2 on NH-44 at DSIIDC Cut to go towards Narela and Safiabad Border.

prevailing situation in Delhi it is expected that there will be traffic-related problems which may cause delay in reaching the examination centre," the advisory stated. 1. The board has instructed students to reach the examination hall by 10:00 am and warned that entry will not be allowed after that.

₹130.60 apiece in today's trade. Investors responded positively to the company's performance in the December quarter, released after market hours on Tuesday. NBCC posted a 59% improvement in its consolidated net profit at ₹113.56 crore.

Delhi and at border points with Haryana, which can cause hardships to commuters. The traffic movement at Singhu (Delhi-Sonipat) and Tikri borders (Delhi-Bahadurgarh) is suspended, an official said, adding the security personnel in anti-riot gear are deployed and drones being used to keep an eye on the situation. Multiple layers of barricades, concrete blocks, iron nails and container walls have been placed at Singhu and Tikri borders as well as Ghazipur border. An official said the security arrangements at border points and in central Delhi could be increased if required.

nor'easter looms over New York's special election set for Tuesday, adding a layer of uncertainty and drama to the political landscape. With forecasts predicting heavy snowfall and strong winds in the New York Metro area, this convergence of weather and politics could create the ideal storm of challenges for candidates vying for an ousted congressman's seat, Fox Weather reported. A powerful, fast-moving winter storm was dumping heavy snow on the US Northeast on Tuesday, creating a messy commute for millions of Americans, while forcing schools to close and wreaking havoc on air travel across the region, as per a Reuters report.

The most transformational infrastructure project for the Chandigarh capital region, the metro rail network promises to radically improve connectivity across the Tricity, comprising Chandigarh, Panchkula and Mohali. With Phase 1 spanning over 82 kms and 67 stations covering key locales, the metro aims to decongest traffic and enhance livability.

Hindustan Times (HT), people in Gurugram will be able to watch the event live. Notably, the Gurugram Metro project has been a long-pending demand of the city. It will connect the old part of the city to metro.

Traffic crawled at a snail's pace in Delhi-NCR on Tuesday morning as police placed multiple layers of barricades on Singhu, Tikri and Ghazipur borders in view of the farmers' march to the national capital. Commuters had a harrowing time as they battled traffic jams, with Delhi being turned into a fortress to thwart the entry of farmers. In view of the 'Delhi Chalo' march, the police have intensified security at the city's border points with multi-layer barricades, concrete blocks, iron nails and walls of containers. The Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha have announced that more than 200 farmer unions would head to Delhi to press the Centre to accept their demands, including the enactment of a law to guarantee a minimum support price (MSP) for crops.

Kailash Gahlot wrote to Chief Secretary Naresh Kumar denying permission and expressed solidarity with the farmers' march, they added. "The demands of the farmers are genuine. Secondly, it is the constitutional right of every citizen to make a peaceful protest.

Regional Rapid Transit System (RRTS) connecting Delhi and Meerut will commence operations by the end of this year, according to a report of the Times of India. The RRTS will cover the stretch from Jangpura in Delhi to Meerut South, with stops at Sari Kale Khan, New Ashok Nagar, Anand Vihar, Sahibabad, Ghaziabad, Guldhar, Duhai, Murad Nagar, Modi Nagar South, and Modi Nagar North. The 17km section from Sahibabad to Duhai Depot has been operational since October last year, and the remaining stretch from Duhai Depot to Meerut South is expected to open in the coming months. According to the report, the Sarai Kale Khan RRTS station will also be connected to the section between Sahibabad and Meerut South by the end of this year. Currently, out of the total 82km Delhi-Ghaziabad-Meerut corridor, a 17km priority section with five stations has been opened to the public since October 20. The next phase will see the opening of a 25km stretch from Duhai to Meerut South. In Delhi, the RRTS spans 14km, with 9km being elevated and 5km underground. The operation of Namo Bharat trains in stage-III will begin from Sahibabad towards Sarai Kale Khan in Delhi.

female passengers over the window of the bus. One woman complained that the passenger sitting on the seat behind her was opening the window which caused her inconvenience. As the slipper fight grew intense, the passengers of the bus stepped in and asked the conductor to remove them from the bus.

The real estate sector is observably one of the most fragmented sectors in the country, engaging a large workforce and contributing around 7% to Indian GDP. Metro cities such as Mumbai and Delhi-NCR are gaining maximum traction due to being a hub for businesses. However, compared to other competitive metro markets, Hyderabad is set to become the most promising real estate destination in the country. As per a recent industry report, Hyderabad, along with Mumbai and Pune, will be driving growth in the real estate sector in 2024. The following are some of the key factors that will propel the city’s real estate to the next level in 2024.