NOC Financial News

Olympic Games are the biggest sports events but they are mega business events too which need to be planned and executed keeping in mind all the possible costs and benefits. India, which is now trying to join the ranks of advanced economies and could become the world's third largest economy in a few years, has decided to throw its hat in the Olympics ring. Prime Minister Narendra Modi has confirmed India’s bid for the 2036 Olympics while inaugurating the 141st International Olympic Committee (IOC) session on October 14.

AFP. "Thank you to everyone who defends the principles of Olympism." After the IOC decision, Russia's Sports Minister Oleg Matytsin on social media.

PM Gati Shakti National Master Plan for multi-modal connectivity, helping their progress by ensuring speedy clearances and removing bottlenecks. As PM Gati Shakti completes two years on Friday, the Ministry of Commerce and Industry has prepared a performance report card outlining the significant improvement in ease of doing business and ease of living since its launch. As per the analysis, the initiative has significantly improved the ease of doing business by bringing down the pre-alignment finalisation time for infrastructure projects from three-four months earlier to one month now.

Home loan foreclosure enables you to pay off home loans well before the scheduled tenure. It allows borrowers to settle the outstanding loan amount in a lump sum, effectively concluding their home loan obligations ahead of time.

IDFC First Bank, Power Finance Corporation (PFC), HDFC Asset Management Company (AMC), Ashok Leyland, Supreme Industries, Astral, REC, and Cummins India made their way into MSCI Global Standard Index on August 31. On the other hand, ACC was excluded from the index. According to Nuvama Alternative & Quantitative Research said in its report, ‘’A total of eight inclusions have been announced, aligning with our projections for six of them.

CBI) on Monday registered a case against ED Assistant Director Pawan Khatri, liquor trader Amandeep Dhall and CEO of Claridges hotel, and others accused in connection with the Delhi liquor scam case. The FIR has been registered under criminal conspiracy, an offense relating to a public servant being bribed, taking undue advantage to influence a public servant by corrupt or illegal means, or by exercising personal influence, an offense relating to the bribe of a public servant.How the alleged scam came into light In July last year, Lieutenant governor VK Saxena had recommended a CBI investigation into Delhi Excise Policy 2021-22 after a report by Delhi chief secretary established prima facie violations of various acts and rules in addition to “deliberate and gross procedural lapses” to provide “undue benefits” to liquor licensees. The excise department is headed by Sisodia. The LG reportedly found substantive indications of “financial quid pro quo” at the top political level.

The issue of ease of exit in India is not new. The Insolvency and Bankruptcy Code (IBC) overhauled the involuntary liquidation process of companies. However, companies not only close because of bankruptcy or a court order.

₹2,018 crore for the first quarter ended June 30 of fiscal year 2024. The company had reported gross revenue at ₹1,439 crore in the same quarter a year ago. Ebitda (earnings before interest, taxes, depreciation, and amortization) rose by 77% year-on-year (YoY) at ₹753 crore in Q1 of FY24, the company said in an exchange filing.

India for their use, a media report said on Friday. The Drug Regulatory Authority of Pakistan (DRAP) said on Thursday that there was no restriction on hospitals or the common man on importing vital medicines (anti-cancer drugs and vaccines) from India for their own use under the Import Policy Order 2022 after obtaining no objection certificate (NOC) from the authority, The News International newspaper reported.

Pakistan cricket lost one of its most controversial, colourful and strong administrators when the indomitable Ijaz Butt passed away in his hometown, Lahore, due to health issues. The history of Pakistan cricket will remain incomplete without discussing the tenure of Butt, who passed away on Wednesday, aged 85. He played eight Tests for Pakistan and held several key administrative positions.

Yogi Adityanath on Thursday directed officials to identify new blocks for mining in the state to increase mineral production. The chief minister also laid special emphasis on finding alternative resources and setting up brick kilns, instead of extracting soil from fertile land for brick production in the state.

New Delhi: The Central government will launch e-CARe (e-clearance for after life remains) portal on Thursday to facilitate fast transfer of mortal remains of Indian nationals who die abroad, Union Health Minister Mansukh Mandaviya said on Wednesday during a press briefing. The government will depute a nodal officers from Airport Health Organization who will be monitoring the portal 24x7.

New Delhi: The Central government will launch e-CARe (e-clearance for after life remains) portal on Thursday to facilitate fast transfer of mortal remains of Indian nationals who pass away abroad, Union Health Minister Mansukh Mandaviya said on Wednesday during a press briefing. The government will depute a nodal officer from Airport Health Organization to monitor the portal 24x7 and scrutinize and give fast-track approvals.

₹39.37 crore (inclusive of taxes), the scope of the project encompasses the supply, installation, testing, commissioning, and training of the SOC and NOC solution, along with 5 years of ongoing support. IVFRT project aims to modernize and upgrade immigration services.