Metro Financial News

Also Read: FPI flows into India may remain supportive for markets during 2024 feel expert Brokerage firm Motilal Oswal Financial Services believes the Indian markets have further upside potential which will be a function of US Federal Reserve’s stance on interest rates and continued earnings delivery versus expectations in the near term. Moreover, the market capitalization-to-GDP ratio is at 124% and the brokerage firm expects nominal GDP to increase 8.2% and 10.1% YoY in FY24 and FY25).

Tesla Model X was recently spotted in Bengaluru's traffic, creating a buzz among social media users, who engaged in a guessing game as to whether the vehicle was privately owned or if the Elon Musk-led company was conducting test drives in Bengaluru. The ultra-red Tesla SUV was reportedly spotted in Bengaluru's Minsk Square area near the Cubbon Park metro station.

Lower interest rates will likely drive the growth in affordable housing finance in 2024, say bankers. Last week, State Bank of India Chairperson, Dinesh Khara said that lending rates may fall from middle of next year.

New Year’s Day being a statutory holiday, some stores and services Canadians rely on will be closed.Here’s a guide of what is open and what is closed across the country on Jan. 1, 2024.If you’re looking to restock your fridge after a week of festive cooking, you might have to wait until Tuesday, Jan. 2.Loblaws, Sobeys, Walmart, Longo’s, Metro and Costcos will be closed holiday Monday throughout most of the country.Some grocery store locations will be open on New Year’s Day, however, including Metro at 444 Yonge St.

A few years ago I moved to Dubai. After spending my career in London, where I worked for 15 years, I was ready for a change. The pandemic in particular made me want to seek an opportunity somewhere else – living with my partner in a cramped London apartment wasn’t great for my mental and physical health and I was keen to get out of London.

Delhi Police is geared up to tackle any nuisance and law and order condition in the city on New Year's Eve while the traffic police have deployed more than 2,500 personnel for smooth movement of vehicles, officials said on Sunday.' According to the police, more than 10,000 personnel will be deployed on the ground to curb hooliganism and traffic violations. «We want everyone to welcome the New Year with great zeal. But if someone is found causing nuisance on roads, they will face action,» Deputy Commissioner of Police (northeast) Joy Tirkey said. A senior police official said drunk driving, stunts by motorcycle riders and loud exhaust sounds of any vehicle are strictly prohibited in Delhi and stressed that no one will be allowed to flout the rules. As many as 250 teams of the Delhi Traffic Police have been deployed to curb drunk driving, officials said. Movement of vehicles going towards Connaught Place will be regulated after 8 pm on Sunday.

Larsen and Toubro was issued the Letter of Acceptance on Saturday for the design and construction of an elevated viaduct including associated works between Heelalige and Rajanukunte of Corridor-4 of the Bengaluru Suburban Rail project, officials said. The contract price is Rs 1,040.51 crore including GST and the contract period is 30 months.

Subdued IT demand remains a sore point for Info Edge However, not all the non-tech sectors saw a surge in hiring between October and November 2023. Job recruitment in telecom, retail, FMCG, and real estate were also severely hit. Notably, The IT sector continued to remain impacted and the overall hiring in the industry was 22% lower in the October-November period vs the 2022 base.

India’s real estate sector, a rapidly accelerating and dynamic force globally, has demonstrated remarkable resilience and growth in the first half of the year. A comparison of H1 this year with the last reveals a staggering 48% increase in performance among leading developers. The first quarter of this financial year has been particularly exhilarating, with significant consolidation observed. Major players like Prestige, Godrej, and Lodha, with their pan-India presence, are increasingly dominating the market share.

ANI. As per another traffic advisory that was also issued on Friday certain traffic regulations would be implemented from 6 pm of December 31 until 6 am of January 1. The advisory mentions that specific routes will remain closed for traffic include NS Road North Bound, Adam Street, P Ramchandani Marg, KS Dhariya Chowk, Madamcama Road, Barrister Rajni Patel Marg and Vinay K Shah Marg.

The Indian mutual fund industry has been witnessing a remarkable surge in interest among investors in recent times with the Assets Under Management (AUM) growing by nearly 21 percent to touch ₹49.05 lakh crore as on November 30, 2023, up from ₹40.38 lakh crore as on November 30, 2022. At the current levels, the industry is almost halfway through its targeted aim of achieving an AUM of ₹100 lakh crore over the next few years.

As casinos start to pop up on Virginia’s southern border, some lawmakers are ready to explore whether wealthy northern Virginia should get in on the action

snow in the forecast. The weather system responsible for unleashing near hurricane-force winds and nearly a foot of snow, causing blizzard conditions in the Plains, is now moving southward and eastward, according to reports. Northern California faces a marginal risk of excessive rainfall from Friday to Saturday morning, heightening the potential for flash flooding in areas susceptible to rapid runoff during heavy rain.

Mumbai Trans Harbour Link (MTHL) is set to achieve a significant milestone with its likely inauguration by Prime Minister Narendra Modi on January 12. Stretching over nearly 22km, including an impressive 16.5km expanse across the sea, the MTHL will stand as the country's longest sea bridge and the world's 12th longest.

Engineering and construction firm Kalpataru Projects International said the company along with overseas subsidiaries and joint ventures bagged new orders worth Rs 3,244 crore and also announced its foray into underground metro rail tunnelling segment. The company said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope. According to a statement, Kalpataru Projects International Ltd (KPIL) along with its joint ventures (JVs) and overseas subsidiaries has secured new orders/notification of awards of Rs 3,244 crore. It has also got orders in the buildings & factories (B&F) business, including KPIL's largest ever design and building contract for a residential project in south India with a built-up area of approximately 13 million square feet from a reputed developer. Besides, the company got orders in the Transmission & Distribution (T&D) business from overseas markets. «We are delighted to announce strategic order wins across diverse businesses.

Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerged from the COVID-19 pandemic.

The forecourt of Paris City Hall sparkles with activity this holiday season, including a Christmas market and huge signs advertising the 2024 Olympics

A panel of judges has blocked a new Tennessee law that would reconfigure the group overseeing professional sports facilities in Nashville by letting state leaders pick six of its 13 board members

Credo Brands listed on the exchanges with a premium of 0.8% on Wednesday. The stock was listed at Rs 282.3 on NSE compared with an issue price of Rs 280. Meanwhile, the stock was listed with a premium of 0.7%, at Rs 282 on BSE.

₹6,105 per sq. ft. in Q3 2022 to nearly ₹6,800 per sq.

Mumbai, Pune and Hyderabad will be the driving forces in the Indian residential real estate sector’s anticipated continued growth in 2024, according to Housing.com. Its latest report highlights these cities as the epicentres of intensified market activity, poised to significantly shape the sector’s narrative in the upcoming months.