Metro Financial News

TDS) at a specified rate from rental payment. Here is a look at when to deduct TDS from house rent payment and how to deposit.

The Indian Meteorological Department has predicted heavy to very heavy downpour in Mumbai on Tueesday. In the past twenty four hours, the metro city has observed around 225 mm of rainfall.

GANDHINAGAR : : European Investment Bank (EIB), the lending arm of the European Union, plans to invest about €1 billion in India’s renewable energy sector, EIB’s vice president Kris Peeter confirmed. EIB is in discussion with the Central government to lend €500 million during the first phase of the funding, he said. The investmentwill be made in renewable sectors involving green hydrogen and solar panels.

The upcoming infrastructure developments in the Delhi-NCR region are slated to act as significant catalysts for the local real estate sector. These infrastructure projects will enhance connectivity, accessibility, and overall livability of the region, making it an attractive destination for real estate investments, says Sunil Sisodiya, Founder, Geetanjali Homestate.

The rush is on in the booming build-to-rent sector, and the $16 billion Investa, run by Peter Menegazzo, does not intend to be left behind.

PwC’s initial analysis on the benefits of Victorian Premier Daniel Andrews’ $125 billion Suburban Rail Loop should be re-examined, given ballooning construction costs and wages, questionable economic benefits and a funding black hole, transport experts warn.

NEW DELHI : The art market in India, riding on a decade-long upward trend, has seen a significant boost during the pandemic, led by a small group of dedicated Indian collectors. The emergence of a new category of Indian buyers who collect luxury products through auction houses highlights the growing interest in art. Although Christie’s discontinued its India auctions business a few years ago, the British art auction house remains positive about collector interest from the Indian subcontinent.

housing market segment is prompting more real estate developers to opt and propose residential developments on their land parcels that are already part of their land banks or are being acquired now. Most land parcels acquired by the developers across the country in the last 18 months have been added to their residential development pipeline and is an indication of augmented capex utilisation aimed at clocking higher sales in the upcoming quarters.

Arvind Kejriwal on Sunday informed that the Chandrawal water treatment plant is back at work. It was one of the three plants that authorities had shut in Delhi after Yamuna River's water level surged to an unprecedented level, causing floods in several parts of the city. The Chandrawal water treatment plant was shut on 13 July as the floodwater entered the pumping stations of these plants.

Delhi on Saturday, causing waterlogging and traffic congestion in the city, parts of which were already facing issues due to flooding for the last few days. The national capital is facing an unprecedented flood-like situation due to the Yamuna breaching its banks following days of heavy rain in the river's upper catchment areas. The rain brought the maximum temperature in the city down a notch to 34.6 degrees Celsius, the India Meteorological Department (IMD) said. The minimum temperature settled at 27 degrees Celsius. According to Met officials, the relative humidity oscillated between 64 per cent and 92 per cent. For Sunday, the weather office has forecast a generally cloudy sky with light to moderate rain and thundershowers. The maximum and minimum temperatures are likely to hover around 34 and 26 degrees Celsius respectively.

small towns around Delhi are set to get a New Jersey-style makeover as new-age rapid commuter trains and interference-free motorways shrink their distances from India's capital, giving top property companies commercial incentive to take self-sufficient suburban living to these once-distant locations. Brand new rapid train corridors, separate from the congested century-old railroads weighed down by traffic and time, will soon connect downtown Delhi and Noida to Meerut, Karnal, and Alwar, while tolled peripheral expressways and access-controlled motorways are already linking the likes of Palwal, Bahadurgarh and Sonepat to the capital, slashing by half the commute times from these small towns in the National Capital Region (NCR) to Connaught Place or ITO.

Delhi flood updates: Delhi on Saturday only got a momentary relief when Yamuna river waters were noted receding after flooding the national capital. However, later in the day heavy rains lashed the national capital threatening a further surge in the Ganga basin river's water level that has been flowing well over the danger mark since the past week.  In the midst of an ongoing crisis situation that demanded the help of the National Disaster response Force (NDRF) and the Indian Army, the Bhartiya Janata Party (BJP), the Aam Aadmi Party (AAP), and the Congress indulged ina political mud slinging over the infrastructural development of the national capital Delhi.  The road stretches that still remain shut for movement, include Ring Road - Majnu Ka Tilla ISBT - Shanti Van - IP flyover to IP Depot both carriageways, Ring Road - IP Depot to IP flyover to ISBT carriageway, Salim Garh bypass, Old Iron Bridge Pusta to Shamshan Ghat, Outer Ring Road - Mukarba Chowk to Wazirabad carriageway and Ring Road from Shanti Van to Rajghat and towards ISBT.

wedding dress broke the Internet, has now been charged with attempting to murder his spouse. 38-year-old Keir Johnston is now facing charges of attempted murder and domestic abuse. He has appeared in the High Court in Glasgow.

Eknath Shinde on Saturday said Prime Minister Narendra Modi would certainly win the 2024 general election as the opposition has failed to decide on a leader. Speaking at 'Shasan Aplya Dari' (government at your doorstep) program, he also said that NCP leader Ajit Pawar joining the Shiv Sena-BJP government in the state will make it «faster». «We have 200 MLAs and MPs with us (in Maharashtra).

Such floods are usually not associated with a metro like Delhi where people expect authorities to be in better control, it being the national capital. Yet floods took Delhi unawares. While a political blame game is on between the AAP and the BJP, below is a brief analysis of why Delhi was suddenly submerged.What happened at Hathnikund barrage The Hathnikund barrage in Haryana's Yamunanagar, 180 km from Delhi, controls the flow of Yamuna towards Delhi.

Delhi Metro Rail Corporation (DMRC) on Saturday removed speed restrictions on metro trains that were imposed while crossing metro bridges over Yamuna due to increased water levels which caused the flood-like situation in the national capital. “Speed restriction imposed while crossing Metro bridges over Yamuna has been removed. All trains are running at normal speed now," DMRC said in a tweet.

Also read: Discount on tomatoes: How to get tomatoes at cheaper prices in Delhi The situation is expected to worsen with the continuous rainfall in the coming 3-4 days. Major roads at ITO and other low-lying areas near Yamuna remained flooded late on Friday night. This created huge inconvenience for commuters.

The unions have called for a strike demanding higher wages and better service conditions. The staff are not employed by Gatwick Airport, they work for four companies- ASC, GGS, DHL Services, and Menzies Aviation. The representatives of the DHL Services and Unite are holding talks to resolve the issue and avoid the strike. But there are problems as Unite has rejected a demand for an 11 percent hike in wages. A spokesperson for Menzies Airlines said that this hike is in addition to the pay revision of 2022. But he said that negotiations are being held and both sides want to avoid the strike. But the unions point out that most of the workers get an average of GBP 12 per hour and work in difficult and demanding conditions. Many companies cut many jobs and many roles were made redundant during the pandemic. Now they are denying the much-awaited pay hike. The experts feel that if the strike takes place, it will further complicate the issue and put the British aviation industry under pressure as it is already under strain due to limited air space caused by Russia-Ukraine War. Besides, workers in air traffic controls are also planning a strike. It may force some airlines to cut flights. EasyJet has already canceled more than 1,700 flights. Airlines strike is looming large at a time there have been several strikes in other sectors like nursing, railways, metro services, Border Force staff, and Civil Services. They all are demanding increased wages as the living cost has gone up in the country.

Credo Brands Marketing, the owner of apparel wear Mufti Jeans has filed draft papers with market regulator Sebi to raise funds through an IPO. The IPO is a completely an offer for sale (OFS) of up to 19.63 million shares by promoters and other selling shareholders. The OFS comprises up to 4.14 million shares by Kamal Khushlani, up to 4.27 million shares by Poonam Khushlani, up to 1.08 lakh by Sonakshi Khushlani, up to 1.08 lakh shares by Andrew Khushlani, among others.

Dalmia Nisus Finance Investment Managers LLP has invested over Rs 25 crore in a premium plotted development project of realty developer Treasure Group through its Real Estate Credit Opportunities Fund – I (RECOF-I). The project, Treasure Hills, is being developed in Madhya Pradesh’s Indore and the investment has been made through the Rs 500 crore fund that primarily invests into structured credit and mezzanine investments across the residential space in India. “This marks our foray into tier II cities and non-megapolis locations, which are witnessing unprecedented demand and offer huge upside and returns to our investment portfolio,” said Amit Goenka, MD & CEO Nisus Finance.

NCCF and NAFED on Friday started selling tomatoes at a discounted rate of Rs 90 per kg in Delhi-NCR and Patna in a bid to provide relief to consumers amid high prices of the key kitchen staple. National Cooperative Consumers' Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation of India (NAFED) are selling tomatoes on behalf of the Centre. Since last few weeks, the retail price of tomatoes has risen sharply and was ruling as high as Rs 244 per kg on Friday in several parts of the country owing to the lean season plus heavy rains.