Metro Financial News

Indian Railways is considering a strategic collaboration with the Swiss railway system to enhance its operational efficiency. Railway Minister Ashwini Vaishnaw revealed plans to glean insights from Swiss best practices, specifically focusing on the hub-and-spoke model and advanced tunnelling technology. Learning from Swiss Excellence: In an exclusive interview with PTI during the World Economic Forum Annual Meeting, Minister Ashwini Vaishnaw highlighted the significant learning opportunities arising from potential collaboration with Switzerland.

Finance Minister Nirmala Sitharaman is all geared up to present the budget for the fiscal year (FY) 2024-25 on 01 February 2024, for the sixth consecutive year. So far, India has witnessed 91 budgets, which are 73 annual budgets, 14 vote-on-account or interim budgets and 4 special budgets, or mini-budgets. The upcoming Lok Sabha elections this year will mark the country’s 15th Interim Budget.

Sensex jumped 496 points to settle at 71,683.23 and the Nifty climbed 160 points to end at 21,622. Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose shares climbed 2.18% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.

Amrit Udyan of the Rashtrapati Bhavan will open for public viewing from February 2 to March 31, an official statement issued on Friday said. People can visit the Udyan six days a week except on Mondays which are maintenance days, it said. They will be allowed to visit in six hourly slots between 10 AM and 4 PM, said the statement issued by the Rashtrapati Bhavan.

Republic Day on January 26th, heightened security measures will lead to airspace restrictions in the national capital for a total of 11 days this month, encompassing both Republic Day preparations and celebrations. As per officials, the airspace curbs are scheduled from January 19 to 25, along with additional restrictions on January 26 and 29.

Metro Brands fell 5% to Rs 1,140 in Friday's trade on BSE after the footwear retail chain reported a 12.6% decline in consolidated net profit to Rs 98.8 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands. However, its revenue from operations increased 6.14% to Rs 635.5 crore during the quarter under review against Rs 598.7 crore in the year-ago period. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Also read: Epack Durables IPO opens. Should you subscribe to this issue? At 10.45 am, the scrip was trading 3.3% lower at Rs 1,162.4 on BSE.

Metro Brands, one of the largest Indian footwear specialty retailers, slumped by 6% in today's early trade, reaching ₹1,140 apiece after the company's earnings missed the street estimates. Also Read: Medi Assist IPO allotment finalised; here's how to check allotment status In Q3 FY24, the company posted a consolidated net profit of ₹99 crore, reflecting a 12.4% decline from the ₹113 crore net profit reported in Q3 FY23, driven by a sharp rise in expenses and a slowdown in sales. On a sequential basis, however, the net profit exhibited a 45% improvement compared to the preceding quarter's ₹68 crore.

Republic Day on January 26th, the Delhi Metro Rail Corporation said in a statement on Thursday. This might result in long queues at some Metro stations, especially during peak hours during this period," the statement added. «Therefore, passengers are advised to plan their journey accordingly and allow for some additional time for their commute during these days. Passengers are requested to cooperate with the security personnel during security checks,» it further stated. Meanwhile, airspace restrictions will be in place in the national capital for 11 days this month given Republic Day preparations and celebrations. There will be airspace curbs from January 19 to 25 as well as on January 26 and 29. As per officials, 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. During this period, scheduled flights will not be impacted.

City governments in India must focus attention on the planning of inclusive, safe and efficient public transportation if they want residents to be healthy and lead economically productive as well as socially active lives. Whether citizens choose to walk, drive or use a train, proper planning is necessary for them to reach their destinations fast and safe. If their needs are met by public transportation, people opt for public modes; otherwise, for private vehicles.

Gurugram, the bustling city in the National Capital Region (NCR), has witnessed a paradigm shift in its real estate landscape. According to recent survey data, Gurugram has been leading the residential real estate market, with over 13% more sales overall in NCR—particularly in the luxury segment. This illustrates the region’s increasing appeal to investors, especially in light of the notable increases in property values and rental yields, as well as the excellent connections the area provides.

Ahead of the Interim Budget to be presented next month, property developers are hoping for lower interest rates on affordable housing loans and lower taxes on such properties to boost demand in the segment.

When HDFC Bank announced a merger with housing mortgage leader HDFC Ltd last year, signalling the biggest merger in the Indian financial sector, the near- and medium-term challenges of pulling it off was clear to everyone. Or it should have been to analysts and investors. On Wednesday, the HDFC Bank stock fell by over 8%, the highest single-day slide in the past three years, dragging down the benchmark Nifty index by over 4 %.

Q3 results today: Amid high volatility on Dalal Street, bulls are expecting Q3 results 2024 to provide some support to the buyers as most of the analysts are recommending stock specific approach in the current market scenario. For such investors who believe in stock stock-specific approach, a total of 22 listed companies are going to declare their respective Q3 results today. Those 22 listed companies include IndusInd Bank, Polycab India, Tata Communications, Poonawalla Fincorp, Metro Brands, Finolex Industries, Mastek, South Indian Bank, etc.

earnings on Thursday along with 41 other companies. After HDFC Bank's results on Tuesday which left the Street unimpressed, investors will be keeping a close watch on the earnings of this fifth largest private bank. Among other important results that are likely to be tracked closely today include those of Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop and Tata Communications. On Wednesday, Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. This was higher than the ETNow poll of Rs 1,353 crore. Consolidated revenue from operations grew by 5.4% YoY to Rs 9,103 crore but trailed estimates of Rs 9,356 crore. LTIMindtree was another Nifty company which reported a consolidated PAT of Rs 1,168.9 crore versus ET NOW poll of Rs 1,175 crore. The IT services company's net profit rose 17% YoY. The same stood at Rs 1,000 crore a year ago. Read More: IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable

CRISIL, has undertaken a comprehensive study entitled ‘Women and Finance’. The survey findings pointed to factors like age, income, marital status, presence of dependants, and home location as major influencers of the financial behaviour of women. About 47% of female earners in Indian metros make independent financial decisions, while 98% actively participate in long-term family decisions, highlighting their increasing financial independence.

most-watched film of 2023 on Disney+ Hotstar. Many wondered why they missed watching the movie in theatres. They argued that such an inspiring movie deserved more box office success.

The alignment starts with an elevated corridor near Sarjapur's IT corridor, transitions underground at Koramangala, traverses the central business district through tunnels, and emerges on Ballari Road with elevated stations at Ganganagar and Hebbal, Times of India reported. A notable feature is its interconnection with existing Blue, Pink, Purple, and Phase III lines at four points. At Iblur, the line connects with the Blue Line, providing connectivity from the Central Silk Board junction to Kempegowda International Airport.

Jyotiraditya Scindia on Tuesday in a post on X issued additional SOPs in connection with the chaos at the airport and in the aircraft due to fog-related flight delays which have affected flight operations, particularly in Delhi airport. The minister wrote, that because of the fog-induced disruptions, Standard Operating Procedures (SOPs) on mitigating passenger inconvenience were issued yesterday to all the airlines. 1.

Jyotiraditya Scindia tweeted on January 16 that the ministry has sought incidence reporting thrice daily for all the 6 metro airports. It may be mentioned here that the SOPs were issued on January 15, following major fog-induced flight schedule disruptions — particularly at the Delhi airport. The implementation of the directives by aviation regulator DGCA and the abovementioned SOPs will be monitored and reported regularly, the minister tweeted. Under the new directives, airports and aviation players will set up «war rooms» at the 6 Metro Airports. These facilities will immediately address any issues related to passenger inconvenience caused by flight disruptions. Besides, sufficient CISF manpower availability will be ensured round-the-clock, the minister added.

Cost of Living LIVE Updates January 16: 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.

DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.