Parke Financial News

(Reuters) -Alphabet's Waymo said on Tuesday it will begin driverless passenger services for its employees in Austin, Texas starting Wednesday.

Thousands of striking junior doctors in South Korea are facing proceedings to suspend their medical licenses

Lindsay Beaudry remembers the last conversation she had with her junior high sweetheart before their world turned upside-down late last week.“He said, ‘Ok I love you, I love you.’ I said, ‘I love you too.’ Because we say I love you about 20 times before we hang up the phone.”Last Wednesday night, Jennon Morin and his brother were at Grand Villa Casino in the Ice District gambling and watching the Oilers play the St. Louis Blues.Morin was happy because he’d won money.

Uday Kotak on Tuesday said that too much regulatory guardrails could impede economic growth and halt India's journey towards a developed nation. Regulators should not be too conservative and cautious but must respond fast to «accidents» in the respective sectors, he said while addressing a two-day event organised by National Financial Reporting Authority (NFRA). «I feel very very optimistic for India's future but I am also very conscious that...unbridled focus on the opportunity without having the guardrails also runs the risk, and also too much guardrails will not get us there (developed nation),» he said. Observing that the aspiration of the fast growth of 7.5-8 per cent GDP over the next 20-25 years needs significant capacity building, he said, «it also requires a sense of dreaming. It requires a sense of creativity, entrepreneurship, and professionals (need to be) ready to take risks without fear.»

South Korea’s government is pressing ahead with its vow to suspend the licenses of thousands of junior doctors who ignore its repeated demands to end their collective walkouts

South Korea’s government has begun steps to suspend the medical licenses of thousands of striking junior doctors, days after they missed a government-set deadline to end their joint walkouts, which have disrupted hospital operations

Florida Gov. Ron DeSantis has a new job for the longtime supporter who has led Walt Disney World’s government since his allies took it over

Miami Beach is trying to break up with spring break, but it’s not yet clear whether spring break will take the hint

Tata Motors, Park Hotels, Platinum Industries, Exicom Tele Systems, IIFL Finance among others will be in focus due to various news developments. Tata Motors Tata Motors announced that it will demerge its business into two separate listed entities housing commercial vehicles and passenger vehicles businesses.

Okefenokee Swamp and its vast wildlife refuge, setting up a new battle with a mining company seeking permits to withdraw more than 1.4 million gallons daily for a project that critics say could irreparably harm one of America's natural treasures. In a letter obtained by The Associated Press, the U.S. Fish and Wildlife Service tells Georgia state regulators that federal law prohibits diverting water from the Okefenokee National Wildlife Refuge in quantities that would harm its function as a protective habitat for native animal and plant species.

Apeejay Surrendra Park Hotels on Monday reported a 46% year-on-year (YoY) growth in consolidated net profit for the quarter ended December 2023 to Rs 27.42 crore. Consolidated revenue from operations increased by nearly 14% YoY to Rs 159 crore.

Supreme Court on Monday stayed a Delhi High Court order that summoned the Ministry of Civil Aviation secretary, the Airport Authority of India (AAI), the chairmen and managing directors of GMR IGI Airport and of Delhi International Airport Ltd (DIAL) and the Hotel Corporation of India (HCI) chairman in a case related to the termination of a lease for land given to the Hotel Corporation of India. A Bench led by Chief Justice DY Chandrachud while issuing notice to DIAL and others on three separate appeals filed by the AAI, the ministry and the HCI stayed the HC’s February 22 order that asked the top brass to remain “personally” present in the court on March 6. Terming the HC order as «erroneous» and liable to be set aside, the ministry told the SC that it was not a party to either the lease agreement between the AAI and HCI or the agreement between the former and DIAL. It also said that the initial decision to issue termination notice was also taken solely by the authority and the ministry only acted as a “facilitator” for resolving the dispute. «In fact, the AAI only sought advice from the ministry and the opinion was given by the ministry in terms of the lease agreement between the AAI and HCL,” the appeal stated.

More new rental apartments are coming to the market than at any time since the 1980s. Really big buildings are a major reason why. Apartment developers are creating soaring properties with more units.

₹1,500 apiece. That’s an upside of 18% from its previous close of ₹1,267.45. Under managing director and chief executive Sudhir Sitapati, who joined from Hindustan Unilever in October 2021, GCPL has embarked on an aggressive growth path.

'Be cautious,' PM Modi's warning to ministers on dangers of deepfakes ahead of Lok Sabha polls 2024 Prime Minister Narendra Modi will visit the national park on March 8 and 9. He is expected to arrive at the park on March 8 evening and will stay at night. The Prime Minister during the stay, is likelt to enjoy a jungle safari within the Kohora range of the park.

Thousands of senior doctors have rallied in the South Korean capital to express their support for junior doctors who have been on strike for nearly two weeks over a government plan to sharply increase the number of medical school admissions

Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, has finalised a deal to acquire MFAR Developers’ 1.21-million-sq-ft information technology park in Bengaluru for over Rs 1,475 crore, said multiple persons with direct knowledge of the development. This is the largest and first transaction for a complete buyout of an office tower so far this year. Edelweiss Alternatives is buying this asset through its rental fund, which is currently in the process of raising Rs 5,000 crore. The 12-storey office tower, which is in north Bengaluru’s Hebbal locality along Bellary Road and Outer Ring Road (ORR), is an independent asset within an ecosystem of large integrated mixed-use development.

SJVN Ltd on Sunday said its arm SJVN Green Energy has bagged a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam. This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore, a company statement said. According to the statement, SJVN bagged the 200 MW capacity in the tariff-based competitive bidding for the development of solar projects in the 1,125 MW Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, Gujarat. SJVN through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) has secured a 200 MW Solar Project at a tariff of Rs 2.66 per unit in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).

investments, including FDI, in the sector besides generating huge employment, said industry experts. After inaugurating 'Bharat Tex 2024', one of the largest-ever global textile events to be organised in the country, Prime Minister Narendra Modi threw light on the government's expansive plans to create seven PM MITRA parks in various states and underlined the emphasis on the creation of opportunities for the entire textile sector. The parks are coming up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. Nearly Rs 70,000 crore investment and 20 lakh employment generation is envisaged through these parks. The valuation of the Indian textiles market is estimated at Rs 12 lakh crore.

By Daniel Trotta

digitalization. This convergence forms the essential recipe for an economy poised to catapult into unprecedented growth and prosperity. The Indian economy stands on the cusp of explosive growth, being touted as the fastest-growing economy over the next 10 years and anticipated to become the third-largest economy by 2030. Thanks to advancements in technology, improvements in the standard of living, a surge in disposable income, and a general upswing in interest, financial awareness has become a prevalent topic of discussion recently. The principal drivers of Indian financial investments typically revolve around a few major asset classes: equities, real estate, gold and fixed income. Of these four, equity and FDs (as a proxy for fixed income) have been the financial market’s investment options. Historically, fixed deposits (FDs) have long been the go-to option for risk-averse investors seeking stability. For instance, as of March 2023, term deposits in India totalled $1.35 trillion, with individuals and Hindu Undivided Families (HUFs) accounting for 47.35% of the total, according to RBI data.