Metro Financial News

Also Read: Supreme Court will remain closed on September 8 in view of G20 Summit: CJI The imposed limitations have been categorized into two types: controlled and regulated zones. The initial district of New Delhi has been designated as Controlled Zone 1. Specific areas like Vikas Marg leading to ITO, roads in proximity to the Red Fort, and the vicinity surrounding the city's primary train stations have been grouped into Controlled Zone 2, due to their proximity to the event venue.

Delhi will be out of bounds for unauthorised persons for three days during the G20 summit next month, police officials said on Friday. An array of restrictions on movement of vehicular traffic have been announced in New Delhi district, areas around Rajghat and the regulated zone demarcated by the Ring Road, they said.

General Motors says it will close a large computer center near Phoenix at the end of October, eliminating 940 jobs

G20 Summit in India next month. Delhi police are currently busy ensuring smooth traffic flow in the city as high-profile delegates, including heads of states, will gather in the national capital for the event. The G20 Summit is slated to take place on September 9-10 at the state-of-the-art Bharat Mandapam Convention Centre at Pragati Maidan.

Larsen & Toubro (L&T) share price fell almost 2 per cent in morning trade on BSE on Friday, looking set to extend their losing run into the second consecutive session amid weak market sentiment. The stock opened at ₹2,686.95 against the previous close of ₹2,687.50 and slipped 1.86 per cent to the intraday low of ₹2,637.55 in Friday's trade so far. Market participants said the stock is witnessing some profit booking as it has gained strongly in the recent past.

General Motors says it will close a large computer center near Phoenix at the end of October, eliminating 940 jobs

Real estate developer MRG Group will invest Rs 250 crore in its first affordable housing project in Sector 90, Gurugram. The project, part of Haryana government’s Affordable Housing Policy will spread over 5.2625 acre and offers 769 units, with sizes of 622.116 sq ft, 623.193 sq ft, and 645.797 sq ft with price starting at Rs 32 Lakh. «The project is located on a 99-meter-wide road within a 2-minute drive from NH-48 (NH-8) and Dwarka Expressway, residents will be well-connected to major business centres, entertainment hubs, and retail destinations.

Minneapolis' mayor has vetoed a minimum wage for Uber, Lyft and other ride-hailing drivers in the city

Nationalist Congress Party (NCP) leader Praful Patel has justified Deputy Chief Minister Ajit Pawar holding meetings with officials of ministries other than his own, by stating that it was a normal practice. Patel was responding to questions by the media about Ajit Pawar chairing a meeting of projects which were already being monitored by the chief minister. «He is the Deputy Chief Minister.

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021.

Gola Sizzlers, renowned for its award-winning sizzlers and remarkable dining experiences, has firmly established its dominance in the bustling Delhi-NCR region with outlets located in Connaught Place, Khan Market, Rajouri Garden, Preet Vihar, Pacific Mall – NSP – Tagore Garden - Jasola, DLF Mall of India-Noida, Dlf Cyberhub Gurgaon, Ambience Mall-Gurgaon and Sector 29-Gurgaon, Indirapuram Habitat Centre. These strategic locations ensure that the brand's distinctive flavours and top-notch quality are accessible to food lovers across the city.

BEML jumped nearly 5% and hit a new 52-week high of Rs 2,184 in Wednesday's trade on BSE after the company bagged an order worth Rs 101 crore from the Ministry of Defence. «We hereby inform that BEML Limited has bagged an order from the Ministry of Defence (Army) for the supply of Command Post Vehicles with a contract value of Rs 101 crores approximately,» the company said in an exchange filing on Tuesday. Earlier on August 7, BEML also secured the Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for the supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crores. At 10.14 am, the stock was trading 3% higher at Rs 2,142 on BSE. On a year-to-date basis, the stock has surged over 40%, while it has risen nearly 60% in the past six months. In Q1 FY24, the company's net loss narrowed to Rs 75 crore from Rs 82 crore in the same quarter last fiscal.

Woolworths Group boss Brad Banducci expects food prices to continue to come down this year, but says consumers are noticeably pulling back spending at its discount chain Big W where shoppers are shunning bigger items such as small appliances.

United Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis NV (NYSE:STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.

Anuj Puri, Chairman & Founder, Anarock Group, says real estate “sales across the board, across all the major cities and even the tier-2 metros, seems to be pretty robust. The good thing is this is not coming on the back of speculators or investors. This is coming on the back of end users, younger end users, who are really wanting to buy it whether it's for social security or for other reasons, wanting to buy the residential.”Developers in the NCR region have planned a slew of launches in the second half of the year. That is a phenomenal 2023. Could 2024 be a record year too because we have seen volumes coming out of that region are very strong. Do you see that trend continue?It is appearing like that.

WeWork India, the leading workplace provider, has leased 54,000 sq ft office space in New Delhi, its 50th workspace in the country. The new building also marks WeWork India’s foray into New Delhi. The newly opened property offers workspaces tailored to changing business needs, with 700 desks.

A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.

NEW DELHI : Indian Railways plans to invite bids from private companies to lease out 84 surplus plots worth over ₹7,500 crore in the next 18 months, two people aware of the matter said. The move is part of the land monetization plans by the Rail Land Development Authority (RLDA), which is responsible for the redevelopment and commercial exploitation of surplus land. The authority has been entrusted with 119 commercial sites for development, of which bids for 35 with a lease value of ₹2,835 crore have already been awarded.

stock prices have fallen, it's important to spot the ones where the correction is only temporary and not structural. The domestic brokerage noted that Westlife once again posted the strongest Same Store Sales Growth (SSSG), but with a narrowing difference compared to peers, while Trent once again displayed exceptional growth. Titan experienced an unexpected margin shortfall.

₹57,600 crore over 10 years. It will provide ₹20,000 crore of this, and the rest will come, presumably, from state governments and private investors. There are three things to note about the decision.

Indian railway stocks have done very well in 2023. This rapid price appreciation has caught everyone’s attention in the market. And there’s very good reason for this.