Metro Financial News

Rahul Gandhi washes dishes on his second day visit to Golden Temple | Video The private trip to Goa took place in August. As seen in the video, Gandhi made a quick trip to Goa to meet with dog breeders Sharvani Pitre and husband Stanley Braganca. The politician's office had earlier inquired about the availability of the Jack Russel Terrier, the report added.

HDFC Bank: HDFC Bank Ltd. is revamping some parts of top management as the Indian bank seeks to propel its mortgage business. It has brought IT and digital functions, led by Ramesh Lakshminarayanan directly under CEO Sashidhar Jagdishan as the bank leans on technology to offer more products and services across its branches.

Airtel added the highest number of active mobile users among India’s top telcos in July 2023, after a seven-month gap, on the back of strong paying-customer gains in the metros, as per latest subscriber data collated by Trai. The pace of Reliance Jio’s active user gains was slower, but it retained market leadership on the active users share score.

ATLANTA (Reuters) — With the economy slowing and inflation falling there is no urgency for the Federal Reserve to raise its policy interest rate again, but it will likely be a long time before the Fed moves to rate cuts, Atlanta Federal Reserve president Raphael Bostic said on Tuesday.

Sectorally, buying was seen in capital goods, consumer durables, and realty stocks while oil & gas, auto, energy, and power stocks saw some selling. Stocks that were in focus include names like Metro Brands that rose more than 12%, Chalet Hotels that gained over 2% and Vedanta that closed with gains of nearly 4% on Tuesday. We have collated a list of these three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to analyst Ankit Choudhary on how one should look at these stocks the next trading day entirely from an educational point of view.

₹10 crore, resulting in record-breaking sales. These numbers are poised to rise even further as we approach the festive season. Among the most significant beneficiaries of this anticipated surge will be the premium and luxury segments.

Tamil Nadu Power Company (ITPCL) including Punjab National Bank, Bank of India, and Union Bank. It comprised both principal debt and accrued interest as of September 30. The repayment is part of a debt restructuring plan approved by 88% of lenders and it has reduced ITPCL's outstanding principal by more than Rs 1,900 crore. Under the approved plan, ITPCL's debt has been restructured as per the prudential framework for the resolution of stressed assets, where debt has been categorised into a sustainable portion of Rs 4,250 crore, as well as unsustainable portion and operational creditors.

Rohit Bansal, co-founder of Snapdeal and Titan Capital, on what travel has taught him.

hydrogen market, the Ministry of Shipping and Ports has identified three key ports—Kandla, Paradip, and Tuticorin—as focal points for the export of green hydrogen, green ammonia, and green methanol within the next seven years, a TOI report stated. The primary objective now is to establish the essential infrastructure at these ports, facilitating the storage, handling, and bunkering of these eco-friendly fuels and their derivatives. India's ambitious target is to create a capacity for exporting approximately 5 million tonnes of green hydrogen and its derivatives annually by the year 2030. This strategic initiative aligns with the objectives outlined in the National Green Hydrogen Mission, which seeks to harness hydrogen's potential in various industrial sectors, including fertilizers and petrochemicals.

Sanjeev Sanyal, a Member of the Economic Advisory Council to the Prime Minister, while speaking at the Africa Partnership Conference in Mauritius, emphasised on the importance of having clear Environmental, Social & Governance (ESG) norms. The two-day Africa Partnership Conference envisaged to spur cross-boundary collaboration, which kicked off in Mauritius on October 2, will be an ideal platform for Indian stakeholders to pursue wider bilateral trade and strategic goals. Sanyal in his address, stressed that ESG norms would soon have a significant impact on various aspects of our global landscape. While the term ESG is widely recognized, precise norms have yet to be established. Currently, ESG norms are being defined by various ad hoc groups and NGOs.

Adani Energy Solutions on Monday said it has commissioned the Khargar-Vikhroli transmission line to supply an additional 1,000 MW of power to Mumbai city. «Kharghar Vikhroli Transmission Ltd (KVTL), which will enable additional power to be brought into Mumbai and thus enable in meeting the city's growing and future electricity demand, is commissioned,» a company statement said. Built by Adani Energy Solutions Ltd (earlier known as Adani Transmission Ltd) — the energy solution, transmission and distribution arm of the Adani group — the project is critical for Mumbai, as the existing capacity of the transmission corridor is not sufficient to carry further power into the city, it stated. Mumbai witnessed grid failure twice recently – on February 27, 2022, and October 12, 2020 — localities across the metropolis went dark for a considerable period, it noted. The Kharghar-Vikhroli line will bring an additional 1,000 MW of reliable power to Mumbai city as a solution to mitigate any such incidents in the future, it noted. With this project's commissioning, Mumbai gets a 400 KV grid within its municipal geography, bringing enhanced import capability within its electricity grid and improving reliability and stability, it stated. For consumers, it provides much more sustainability to commuting through bullet trains, metro rail and city railways, and also for commercial and residential establishments. The KVTL comprises approximately 74 circuit kilometres of 400 kV and 220 kV transmission lines, along with a 1,500 MVA 400kV Gas Insulated Substation (GIS) at Vikhroli, the first 400KV substation of its kind in Mumbai. Occupying approximately 9,500 sq m area, it has the most compact design when it comes to 400 KV substations.

Paris is currently grappling with a bedbug infestation, as per reports. The French government recently revealed that these blood-sucking insects have become a cause for concern within the city. Transport Minister Clement Beaune announced Friday that he would convene a special meeting with the city's transport operators to address the problem and ensure the public's safety.

IHG Hotels & Resorts is expanding its portfolio in Mumbai with the signing of new hotels with Nikhil K. Raheja and Vijayta Raheja. With this partnership, IHG will launch its new five-star brand voco in Mumbai, along with a new Holiday Inn Express & Suites property.

An official of Karnataka State Road Transport Corporation told news agency ANI that buses are operational but «people are not coming» due to the bandh call. The state transport minister Ramalinga Reddy said that the government will ensure the service of Karnataka State Road Transport Corporation buses on Friday.

Bengaluru, another shutdown is set to disrupt daily life in Karnataka this Friday, September 29, as a protest against the release of Cauvery water to neighboring Tamil Nadu intensifies. Led by «Kannada Okkuta» leader Vattal Nagaraj, the bandh is scheduled to run from 6 am to 6 pm, impacting various services and activities across the state. What Remains Open? Despite the bandh, certain essential services will continue to operate.

Ganpati Visarjan: The Ganesh mandals in Mumbai began the processions to immerse the Lord Ganesha idols on Thursday as the 10 days of colorful festivities come to an end. The crowds have gathered at various points of the city and to minimize the problems for commuters, the Mumbai Traffic Police is releasing advisories informing about the blocked roads and the alternative routes. In its latest advisory, Mumbai Traffic Police informed about no entry from D.

coffee & QSR space is set to heat up further with Third Wave Coffee—a Bengaluru-based coffee chain that’s popular with the city’s startup community—raising $35 million in new funding in a round led by private equity firm Creaegis. Existing investors, including WestBridge Capital and Udaan cofounder Sujeet Kumar, have also participated in the round and Third Wave Coffee is now valued at around $150 million, people aware of the matter said.

Domino's delivery guy can be seen delivering a pizza in a traffic jam! The video was shared by one Rishivaths, who is said to be working at Flipkart. According to Rishivaths, he ordered a pizza from Dominos during a traffic jam on an unnamed Bengaluru road. To his surprise, Domino's delivery agents tracked his live location and delivered the pizza even in the traffic jam. «When we decided to order from @dominos during the Bangalore choke, They were kind enough to track our live location (a few metres away from our random location added in the traffic) and deliver to us in the traffic jam,» Rishivaths wrote on Twitter. Commenting on the video, one X user said, «For this exceptional service they surly deserve a huge tip!» «Just imagine… if half of the commuters placed order for online food,» quipped another. "'Domino's fulfilling their 30-min delivery promise'...this is awesome...?? On another note, take a moment to consider these delivery personnel.

What is the business overview of Plaza Wires? The company is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast-moving electrical goods under its flagship brand «Plaza Cables». The company's product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories.What is the industry overview of Plaza Wires? The cables and wires industry is estimated to have grown to Rs 1.03 lakh crore in FY23, boosted by increased infra spends by the government. In Tier-I cities, increase in demand and the lack of open spaces to set up towers, coupled with rising demand from infra projects like metro has swelled the demand for extra high voltage (EHV) underground cables.What is the size of the Plaza Wires IPO? The IPO is entirely a fresh equity issue of 1.32 crore, aggregating up to Rs 71.2 crore.What is the price band for Plaza Wires IPO? The company is offering its shares at Rs 51-54 apiece. Investors can bid for a minimum of 277 shares in one lot and in multiples thereafter.What is the structure of Plaza Wires IPO? About 75% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 10% for retail investors.How is the financial performance of Plaza Wires? For the year ended March 2023, the company's revenue from operations rose by a meagre 3% to Rs 183 crore, while net profit jumped 27% to Rs 7.5 crore.What are the objects of Plaza Wires IPO? Net proceeds from the issue are proposed to be utilised towards funding the capex for setting

pro-Khalistani graffiti was written on walls under the Kashmiri Gate flyover on September 27, according to ANI reports. However, the pro-Khalistani graffiti has now been removed from the area. This came amid ongoing tensions between India and Canada over the killing of Khalistan terrorist Hardeep Singh Nijjar that took place in Canada on June 18 this year.

Hardeep Singh Puri, said on Wednesday that while certain political parties advocate for free public transport such as metro rail and buses, it is not economically viable to offer these services entirely cost-free to the public as these are capital-intensive schemes. «All these facilities — Metro and electric buses, these have to be economically viable. I believe that economically viable schemes will have good service delivery and the citizens will be happy with it.