Metro Financial News

Larsen & Toubro (L&T) share price gained over a percent on Wednesday after the company reported healthy financial performance for the quarter ended September 2023. L&T shares rose as much as 1.85% to ₹2,983.05 apiece on the BSE.

new restaurants, pubs, bars and cloud kitchens will be opening their doors this quarter across metropolitan cities as well as tier II-III towns for the New Year. Restaurateurs told ET they are looking to capitalise on the highest demand they are seeing since the pandemic. MMG Group, master franchisee for burgers-and-fries chain McDonald's in the north and east, plans almost as many new QSRs in the current quarter alone as in all of the previous year. «We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi-Mumbai Expressway (area),» said Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East.

World Cup is in progress, could that be a reason? Airfare could be another reason as new fast trains connecting metro cities have been introduced recently, and people might have shifted their preference," said P.P. Khanna, a board member of the Federation of Associations in Indian Tourism and Hospitality.

IDBI Bank has petitioned the Mumbai bankruptcy bench to initiate corporate insolvency against Mumbai Metro One Pvt Ltd, which operates the metro line from Versova to Ghatkopar. The lender is seeking recovery of Rs 133.37 crore, including interest component, from Mumbai Metro One, according to stock exchange disclosure. Anil Ambani's Reliance Infrastructure owns a 74% stake in the metro line operator, while the remaining 26% stake is held by Mumbai Metropolitan Regional Development Authority (MMRDA), an apex body for planning and coordinating development activities in Mumbai. This was the first metro project awarded in the country on a public-private partnership (PPP) basis and entails the design, financing, construction, operation and maintenance of about 12 km elevated metro operating between Versova to Ghatkopar with 12 stations en-route. In August, State Bank of India filed a petition at National Company Law Tribunal (NCLT) Mumbai bench to admit the company for corporate insolvency for recovery of their Rs 416 crore debt. Other lenders include Canara Bank, Indian Bank, Bank of Maharashtra, IDBI Bank and India Infrastructure Finance Company (UK).

New rules that could bypass anti-development councils are likely to be considered by the NSW cabinet soon, although how they would work is unclear, according to the state’s property development lobby group.

Meri Mati Mera Desh-Amrit Kalash Yatra' at Vijay Chowk on October 30 & 31. The restrictions will be in place from 8 am to 9 pm.

Vande Bharat Express: Amid rise in demand, Railways to increase operations on Mumbai-Goa route: Report The trials are expected to take place in the Mumbai-Nashik corridor, with a focus on the hilly terrain, as per the report. One potential route for the train would likely be Mumbai-Delhi. Officials did not respond to queries, the report added.

Britney Johnson is among the thousands of Ford Motor Co. workers who went on strike to force the automaker to improve pay for all

Uttar Pradesh Metro Rail Corporation is going the extra mile to connect with the people and explore sources of added revenue. Officials of UPMRC claimed that the «celebration on wheels» idea has received a very good response from riders of both Lucknow Metro and Kanpur Metro. The Uttar Pradesh Metro Rail Corporation received an 'Award of Excellence in Public Transport' in the 'Metro Rail with Best Passenger Services and Satisfaction' category for Lucknow Metro on the concluding day of the Urban Mobility India (UMI) Conference 2023 in New Delhi on Sunday.

Kerala convention centre blast on Sunday. A senior police officer, who requested anonymity, said security has been tightened across main markets, churches, metro stations, bus stands, railway stations, and other public places.

The starting gun has fired on ARN Media’s $225 million takeover bid for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.

According to forecast models, the most substantial snowfall is likely to occur in the mountainous regions surrounding Denver. However, cities like Omaha, Nebraska, and Des Moines, Iowa, could also experience frozen precipitation during this storm.

B-schools, including the Indian Institute of Technology (IIT) and Indian Institute of Management (IIM), which were forced to switch to a fully online hiring model during the pandemic, have now made hybrid placements the norm. Despite post-Covid normalcy fully restored, almost all these institutes are keeping the online recruitment option open for hiring companies in addition to offline mode, placement sources at IITs including Delhi, Bombay, Roorkee, Kharagpur, Kanpur and IIMs at Ahmedabad, Indore and Kozhikode told ET.

NBCC (India) Ltd has sold 3.91 lakh sq ft of premium office space in South Delhi for Rs 1557.51 crore and will use it to fund the construction of seven colonies of Delhi. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017. The space at the World Trade Centre (WTC) that is coming up at South Delhi’s Nauroji Nagar as part of the government's redevelopment plan is being auctioned regularly and NBCC has so far earned Rs 8751.61 crore by selling about 2.17 million sq ft. The WTC, which offers 3.4 million sq ft of saleable area including 12 commercial towers, is part of Nauroji Nagar redevelopment.

Vande Bharat express: The Indian Railways is set to increase the operation of the Mumbai-Goa Vande Bharat express from the earlier three days to now six days a week due to rise in demand, media reports have stated. As the festive season is around the corner, the railway department is set to release a new schedule which will be effective from 1 November. As per the new schedule, the semi-high speed CSMT-Madgaon-CSMT Vande Bharat train would run for six days a week expect for Fridays.

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

Check these 10 Sony television sets that you can buy this DiwaliOn October 27, the fuel prices in India remained unchanged.Fuel rates are revised at 06:00 A.M every day. From June 2017, fuel prices in India are revised daily, and this is called the dynamic fuel price method.

World Cup Cricket Match at the MA Chidambaram Stadium today i.e. on 27 October. Pakistan vs South Africa Chennai ODI is a day-night match and will start at 2 p.m The extended service will be available on the Green and Blue line.

Hardeep Singh Puri, Minister of Petroleum and Natural Gas. Speaking at Public Affairs Forum of India’s 10th Annual Forum 2023 in New Delhi on Thursday, he said India will be doing 20% ethanol blending by 2025. India and the US can work together on the plan to make ethanol from agricultural waste.

₹4 crore Lamborghini on Dussehra. Netizens pointed out that her past protests against a Metro car shed construction in Aarey forest and said that it is the same person who have now purchased a fuel-driven car.

Activist investor Nick Bolton will attempt to thwart a tie-up between radio giants Southern Cross Austereo and ARN over claims the latter inadvertently breached the Corporations Act when it bought a stake in its rival.