Metro Financial News

HUDCO), is in talks with the government of Maharashtra to support infrastructure and housing projects in the state with funding of over Rs 30,000 crores, said a top company official. “We are in talks with the government of Maharashtra and development agencies involved in developing roads, infrastructure, and housing projects in the state to support several projects. We had a few meetings earlier this week too,” said Sanjay Kulshrestha, chairman & managing director, HUDCO. The public sector undertaking engaged in housing finance and infrastructure project finance is in talks with development bodies including Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Thane Municipal Corporation, state government’s Public Works Department (PWD), and Mumbai Metro Rail Corporation.

PVR INOX, the popular cinema exhibitor, is set to change Mumbai's cinematic landscape with the introduction of its inaugural standalone IMAX with Laser theatre at INOX EROS in Churchgate. This brings a remarkable transformation of the 86-year-old iconic EROS cinema, elevating it into the city's premier destination for an immersive and technologically advanced cinematic experience.

Canadians that have turned to grocery store flyers and coupon-cutting may need to look for even more savings.

Today’s homebuyers should look to invest in property along the lines of metros and expressways in the city outskirts to access premium properties in an affordable manner. Considering the rapid expansion of cities such as Mumbai, Bengaluru and Hyderabad, homebuyers and investors should make use of the early mover advantage to invest in properties before land rates spike, says Bhavesh Kothari, Founder & CEO, Property First.

Mint explains how the rental story may play out: Residential rents have seen a remarkable turnaround post-pandemic. Last year, average monthly rentals in parts of the top 7 cities soared over 30%, according to Anarock Property Consultants. Bengaluru saw the steepest rise, with high demand due to the ‘back to office’ mandate by firms, and low supply of ready projects.

It looks like the Metro Vancouver bus strike has been averted as the two sides involved say they have accepted mediator Vince Ready’s recommendations.

DMRC said in a release. The Delhi Metro Rail Corporation has implemented a system of color-coded distinctions across its operational corridors to facilitate convenient identification for passengers.

Dividend Stocks: Shares of some companies, including Havells India, Siemens Ltd, Metro Brands, Mangalore Refinery & Petrochemicals Ltd (MRPL), and others will others will trade ex-dividend in the coming week, starting from Monday, January 29. Some other companies will also trade ex-bonus and ex-split while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Gurugram, one of the most significant cities amongst top metro cities, has become a focal point for Grade A office spaces, with a unique catalyst driving this surge—Global Capability Centers (GCCs) that global companies set up offshore to access specialized high-skill talent to ensure sustainable business growth. These GCCs, synonymous with innovation and research and development (R&D), are transforming India’s economic orientation.

Fendi, under Kim Jones, has presented a mesmerizing collection blending minimalist futurism with an homage to Karl Lagerfeld at Paris Couture Week

IHCL said its portfolio at 285 hotels includes a pipeline of 85 hotels. Suma Venkatesh, executive vice president — real estate and development, IHCL said 2023 marks six consecutive years of portfolio expansion in the Indian subcontinent. «Our approach to growth has been two pronged, penetrating deeper in existing markets with multiple brands and extending our footprint to new destinations taking our presence to over 130 locations,» she added.

Jasbir Singh, Chairman & CEO, Amber Enterprises, says “looking into the announcements by the Railway and the Urban Development ministries for metro coaches, we expect the total addressable market to go to almost about Rs 75,000-80,000 crore for the order book which is coming in next five to six years. 3,000 new Vande Bharat Expresses are going to be launched and one Vande Bharat Express has 16 coaches and we want to address almost about Rs 2-2.5 crore per coach as a bill of material solution provider, giving solution not only for air conditioners, but for other equipment which rolling stock manufacturer buys from outside, like doors and gangways, pantry systems, gears, couplers, interiors, toilets and seats, etc. ”

several airspace restrictions are in place in the national capital from 19 January and will continue till January 29, an official said, adding that the curbs will not impact scheduled flights. The official said landing or take-off of non-scheduled flights of scheduled airlines, and chartered flights will not be permitted from 10 am to 1.15 pm during the January 19-25 period, PTI reported.

ALSO READ: Republic Day 2024: Delhi Metro to start services at 4 am on January 26 Earlier in the day, Deputy Commissioner of Police (DCP) Devesh Kumar Mahla had said that over 8,000 security personnel have been deployed and security has been beefed up with the help of technology and human intelligence surveillance in the national capital. "All arrangements are being made to stop any nuisance. Repeated rehearsals and training of the team are being done.

Delhi Metro is set to kick off its services at 4 am across all lines on January 26, allowing the public easy access to Kartavya Path for the 75th Republic Day ceremony in the national capital, Delhi Metro Rail Corporation (DMRC) said in a statement. Train services will be available every 30 minutes from 4 am to 6 am and thereafter, the regular timetable will be followed for the rest of the day. "People who will be in possession of bona fide e-invitation cards or e-tickets for attending the Republic Day ceremony will be issued coupons on production of government-issued identity cards at stations, which will be valid for exits from Central Secretariat and Udyog Bhawan stations only to reach Kartavya Path," the DMRC statement read.

2023 proved to be a remarkable year for the Indian real estate sector, for both residential and commercial segments. The real estate bull run has been propelled by heightened demand and impressive absorption rates. Now, poised at the cusp of a new fiscal year, the real estate landscape looks towards the budgetary announcements to sustain and amplify the positive trajectory witnessed in 2023.

NAREDCO Maharashtra, emphasised the real estate industry's anticipation of transformative changes in the upcoming Budget 2024-25. He highlighted the sector's pivotal role in the economy and its significant employment contribution. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities.

Betterhalf, a matrimony super app and tech-enabled end-to-end wedding planning and fulfilment company, said it plans to onboard 100 skilled professionals across its verticals in 2024. It currently has 150 employees. The company has expanded its wedding services operations across metros and multiple tier-1 cities. “As part of the hiring strategy, the platform will create new jobs in the industry, opening 70, 20 and 10 positions in the wedding business operations, product and technology, and marketing and growth respectively,” said a company statement.

Dolly Khanna added multibagger JKumar Infraprojects in her portfolio in the quarter ended December 30, 2023 along with two more stocks Ujjivan Financial Services and Zuari Industries (ZIL).

₹5,200 in Q3—its third continuous quarterly drop. Add to that, losses in its acquired portfolio, Cravatex Brands Ltd, weighed on Metro’s consolidated Ebitda margin, which has contracted by 296 basis points year-on-year to 31.3%. Overall, this meant Ebitda, excluding other income, fell by 3% to ₹199 crore.

Housing decisions balance emotional aspirations and pragmatic finances – but market fluctuations scramble norms. As housing price corrections mingle with rising mortgage rates, the intuitive “rent vs buy” debate grows more layered today. It pays to re-evaluate variables systematically despite instinctive urges.