Metro Financial News

Delhi Metro commuters will soon hear audio advertisements on their train journeys as part of a pilot project launched by the Delhi Metro Rail Corporation (DMRC). The ads will be aired for one year starting this month on six trains on the Violet Line, which runs between Kashmere Gate and Badarpur Border, officials said on Tuesday.

₹15,000 crore. Whitefield, in short, is a microcosm of the huge spurt in construction across Indian cities—even in smaller towns. The evidence is in numbers.

Also Read- Adani Group stocks jump up to 19%, market cap nears ₹12 lakh crore; here's why In fact experts as as Jitendra Gohil, Chief Investment Officer, Kotak Alternate Asset Managers now believe that market is still underestimating India's GDP growth Gohila thereby said that we continue to favour domestically focused cyclical and interest rate-sensitive sectors for the next twelve months. We expect PSU banks and PSU stocks (power, energy, defence, cap goods, NBFCs, etc) to experience further upside and the stocks could re-rate further.

NEW DELHI : The Indian arm of German sportswear giant Adidas is putting a strategic focus on key segments such as running, cricket and the lifestyle brand Adidas Originals to amplify its market presence in the country, Neelendra Singh general manager for the India market, said in an interview. For instance, it sold over half a million Indian team jerseys during the recent ODI World Cup on the back of its partnership with the BCCI as the official kit sponsor of the Indian cricket team. Adidas has a network of over 350 franchise stores and 75 company-owned stores in India.

NEW DELHI : Albeit small, India has long been seen as a promising market for luxury goods. But the market has been a challenge to navigate for many companies looking to enter.

₹33.15 crore at worldwide box office. According to reports of industry tracker Sacnilk the film raked in ₹25.55 crore net in India within three days of its release.

Accel Partners, Evolvence India, Sistema Asia Fund, Foundamental Gmbh and Nexus Venture Partners as its other investors. In June 2022, the company raised $50 million in growth capital from Liquidity Group’s MARS Unicorn Fund, valuing it at $2.5 billion. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market uses technology to provide a procurement experience for players in the construction ecosystem.

residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels, and the trend is not limited to metropolitan regions and peripheral locations but is also evident in tier-II and -III cities, too. Homebuyers' interest in plotted developments has spiked, particularly after the outbreak of Covid-19 pandemic. The buoyant demand for warehousing has also pushed finalisation of land deals higher. During the 22-month period from January 2022 to October 2023, real estate developers purchased about 3,294 acres of land.

The demand for luxury holiday homes in India is on the rise, thanks to the country’s rapid economic growth and increasing disposable income. It’s not just the high net-worth individuals (HNIs) who are buying luxury villas in tourist destinations for self-use and investment purposes, but also the aspirational class who are keen on investing in properties in holiday destinations. This trend is reflected in the growing market size of holiday homes.

special bus services by BMTC will be in place along with reduced prices for metro tickets. Special Bus services: Bangalore Metropolitan Transport Corporation (BMTC) on Saturday announced special bus services that will be running on December 3 for the India-Australia match in Bengaluru. BMTC announced buses that fans should take to the following routes for hassle-free travel.

The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work has become a permanent fixture of the U.S. labor market, economists said.

BSE Sensex rose nearly 100 points while the Nifty50 closed above 20,100 levels. Sectorally, buying was seen in healthcare, consumer durables, realty and capital goods stocks while utilities and banks saw some selling pressure. Stocks that were in focus include names like Gail India which was up more than 4%, Metro Brands closed with gains of over 2% to hit a fresh high and BSE which rose more than 2% to a fresh high on Thursday. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what analyst Kush Ghodasara, CMT, SEBI RA: INH000002137 had to say: GAIL India The stock saw some enormous volume on Thursday and has managed to cross and close above 131, which was acting as strong support for the last few weeks. Technical indicators have not yet arrived at the overbought zone, which signals a fresh buy with trailing stop loss at Rs 126 for a target of Rs 143. Metro Brands The stock has been in a dream run as it is trading with support of 5 & 10 day average which is at Rs 1310 as now. On Thursday, we saw an inverted hammer kind of pattern and a new high, which suggests a trend reversal is in place if the next support is breached. Traders can avoid fresh positions but keep a strict stop loss for existing longs at Rs 1310. BSE Ltd The stock has been trading around the 10-Day average since the low in April 2023 at RS 450.

₹500 crore in domestic box office collections within nine months and make for the top three highest grossers of all time in the Hindi language. Until 2023, the highest Hindi language grosser was Aamir Khan’s Dangal, which had made ₹387.38 crore when released in 2016.

Multibagger IPO: Shares of Gandhar Oil Refinery Ltd listed on Indian bourses at bumper premium during special pre-open session on Thursday. Gandhar Oil IPO listed on NSE at ₹298 per share levels, delivering to the tune of 76 per cent premium against upper price band of ₹169 apiece.

Metro Brands share price jumped nearly 9% to touch a 52-week high on Thursday's trade following the company's announcement on Wednesday of a strategic partnership with New York-based specialty athletic retailer Foot Locker, Inc. Metro Brands share price opened at ₹1,371.50 apiece on BSE.

Spotify has unwrapped its annual campaign for 2023, revealing the most-streamed artists, albums, songs, and podcasts. Taylor Swift takes the spotlight as Spotify's most-streamed global artist, dethroning Bad Bunny after a three-year reign. Swift has garnered over 26.1 billion streams worldwide since the beginning of the year, making her the top-streamed musician in the U.S. as well. In celebration, Spotify has placed 21 puzzle pieces on billboards globally, teasing Swift's achievement. The platform offers personalized stats for users, showcasing individual top artists, genres, songs, podcasts, and minutes listened to. The Wrapped experience introduces new features, including «Me in 2023» characterizing users' streaming habits and «Sound Town,» matching listeners to cities based on shared artist affinity.

Foot Locker on Wednesday announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL) and Nykaa Fashion. “This partnership will offer the most comprehensive selection of global sportswear and footwear to sneaker fans in India,” said the New York-based speciality athletic retailer in a statement. According to a report, the volume of the sneaker segment in India is projected to reach 66 million pairs by 2028. The sneaker segment is experiencing rapid growth in the country, with consumers seeking out unique designs that blend traditional Indian elements with modern trends. Under the terms of the agreements, MBL is granted exclusive rights to own and operate Foot Locker stores within India and to sell authorized merchandise in Foot Locker stores.

ecommerce ecosystem is estimated to have posted about 23% increase in sales over the Black Friday weekend compared to last year’s Black Friday weekend with fashion and beauty products ‘dominating’ sales, according to ecommerce enablement platform Unicommerce. Websites run by individual brands saw order volumes rising by 28% during the weekend while marketplaces saw their order volumes expand 19%, Unicommerce data showed. “While during the Diwali festive sales, marketplace growth outpaced D2C (direct-to-consumer) brands, the trend was reversed during the Black Friday weekend,” it said in a statement.

According to the FOX Forecast Center, the lake-effect snow resulted in high gear on Monday as cold air came into the US from Canada. This caused the lake-effect snow to intensify and cover the lakes downwind for several days. The forecaster has predicted that the western and central New York will receive the highest snowfall. Meanwhile, some places south of Watertown, New York, may record snow of up to 2 feet on Wednesday. Lake-Effect Snow Warnings have been sounded across Erie, Pennsylvania, into Jamestown, New York, and the Buffalo Southtowns, and locations such as Syracuse, Watertown and Old Forge of central New York. Owing to the weather condition, New York Governor, Kathy Hochul has urged all residents of New York to brace up for the impact of the winter storm. She has also asked the people to be extra cautious and check the forecast before planning a trip. Hochul in a statement said, «The most hazardous weather conditions will be in the areas where lake-effect snow bands form and produce a lot of snow in a short period, which will hamper travel in some places for the next day or so». According to the FOX Forecast Center, from the northeastern Ohio snowbelt through southwestern New York and the Buffalo Southtowns, more than a foot of snow is predicted to fall. In the metro Buffalo area, where only a few inches of snowfall are possible, significant snowfall totals are not anticipated. The eastern shores of Lake Ontario on the Tug Hill Plateau in central New York are expected to receive very heavy snowfall. On Tuesday afternoon, the winds will shift to the northwest resulting in snowfall in Syracuse, New York, metro. Besides, Tug Hill Plateau is likely to receive more than 2 feet of snow.

Noida Airport is progressing rapidly to meet the deadline of becoming operational in about a year. According to Noida International Airport (NIA) CEO Christoph Schnellmann, the final floor level of the passenger terminal has been completed and façade work has commenced, a TOI report stated.

Weddings are a lavish affair in India- be it a local or a destination wedding, The list of expenses is unending. Well, some are able to conveniently pay for the extravaganza on their own, while others have to opt for a wedding loan to make their D-Day special and memorable. Experts believe that the wedding industry is so expensive that normal people can't afford it. Hence, the demand for wedding loans has increased.