Parke Financial News

NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam, is set to foray into floating solar projects, in line with the energy transition goals of its promoter NTPC, said Sunil Kumar, the chief executive of the Uttar Pradesh-based power generation company. In an interview, Kumar said the joint venture is committed to diversify operations to align with its evolving energy transition objectives and increasing power demand. The company has also unveiled plans to raise its thermal power generation capacity to 5.6 GW, from 1.32 GW it currently has.

Everton Chairman, an acclaimed theatre personality and a well-known film producer Bill Kenwright, has died at the age of 78. He was diagnosed with cancer in 2015. Kenwright underwent surgery to remove a cancerous tumour from his liver eight weeks ago. He was in intensive care after complications during surgery. Earlier this month, he hoped to return home. He was expected to make a “lengthy but complete” recovery.

Uddhav Thackeray invoked late former prime minister Atal Bihari Vajpayee in his Dussehra speech at Mumbai's iconic Shivaji Park, as he highlighted the importance of a “mili-juli sarkaar" (coalition government) at the Centre. Thackeray also lashed out at his former aid and Maharashtra CM Eknath Shinde, daring him to call the Assembly elections at the earliest to ascertain the real claimant of Shiv Sena. Here are the 10 key highlights: - Despite losing the Shiv Sena name and electoral symbol to rival Shinde, Thackeray asserted that the bulk of the party's cadre are with him, adding that his group is the real claimant to the legacy of late Sena founder and his father Bal Thackeray.

Science and Technology Jitendra Singh on Tuesday said that India is now in a position to lead other nations in the space sector and is no longer viewed as a country that is being led by other nations. Union Minister Jitendra Singh on Tuesday unveiled Skyroot Aerospace's new headquarters 'MAX-Q' at GMR Aerospace and Industrial Park in Hyderabad. He is also expected to unveil the Vikram-1 Orbital Launch Vehicle. Speaking to at Skyroot Aerospace's new headquarters, Jitendra Singh said, «Today we are in a position where India is no longer seen as a country that is being led by the other countries. We are now giving leads to other countries, at least in the space sector.» When questioned if Singh sees the opportunity for the private sector in India to have the transfer of technology globally.

Gurgaon's GMDA has increased the towing charges for vehicles parked illegally in 'no parking' zones in the city. As per a TOI report, the new rates will be effective from October 26. Heavy and medium vehicles, including commercial vehicles, will now be charged Rs 2,000 for towing, compared to the previous amount of Rs 1,000.

World Cup match scheduled to take place at Arun Jaitley Stadium on 25 October. The Australia vs Netherlands World Cup match will start from 2 pm to 10:30 pm on Wednesday. According to the Delhi Traffic Police's latest advisory, "There will be a diversion of traffic for half an hour after the conclusion of the match".

Lav Kush Ramlila, Red Fort ground, Delhi today, October 24. The Bollywood star made an announcement on her official Instagram handle.

world Cup 2023 match between South Africa and Bangladesh. More than 15,000 Mumbai police personnel will be on duty at venues of Dussehra rallies of rival Shiv Sena groups, World Cup match and for overseeing immersion of Goddess Durga, an official said as reported by news agency PTI. As many as 12,449 lower-rank personnel, 2,496 officers, 45 Assistant Commissioners of Police, 16 Deputy Commissioners and half a dozen Additional Commissioners of the city force are being deployed across the financial capital, he said.

EU Tax Observatory said on Monday. If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said. Currently billionaires' effective personal tax is often far less than what other taxpayers of more modest means pay because they can park wealth in shell companies sheltering them from income tax, the group said in its 2024 Global Tax Evasion Report. «In our view, this is difficult to justify because it risks to undermine the sustainability of tax systems and the social acceptability of taxation,» the observatory's director Gabriel Zucman told journalists. Billionaires' personal tax in the United States is estimated to be close to 0.5% and as low as zero in otherwise high-tax France, the Observatory estimated. Growing wealth inequality in some countries is fuelling calls for the richest citizens to bear more of the tax burden as public finances struggle to cope with aging populations, huge financing needs for climate transition and legacy COVID debt. U.S.

BEIJING/SYDNEY (Reuters) — Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China.

Also Read: Probe into Mumbai airport to focus on GVK’s alleged lapses The massive deployment of police officials will ensure proper managements of a range of events coinciding with each other. Police personnel will be deployed at the venues of Dussehra rallies of Shiv Sena groups as well. The ruling Shiv Sena and its rival group led by former Maharashtra chief minister Uddhav Thackeray will organise rallies on Dussehra at Azad Maida, South Mumbai and Shivaji Park, Central Mumbai.

MUMBAI : More than half a dozen companies aim to raise as much as ₹6,000 crore via initial public offerings (IPOs) in the run-up to Diwali and the weeks following the festival, leveraging the current market liquidity and investor enthusiasm. Mamaearth, Cello World, Flair Writing Industries, ESAF Small Finance Bank, Blue Jet Healthcare, Protean eGov Technologies and ASK Automotive are all gearing up for public listings ahead of the Diwali, which starts on 10 November, three people with aware of the firms’ plans said. Blue Jet Healthcare’s IPO will open for subscription on 25 October, followed by Honasa Consumer Pvt.

I have an education loan of ₹24 lakh, obtained at an interest rate of 9.5% per annum. Over the last four years, I have paid off a substantial part of this loan and the balance is now ₹10 lakh. Is it financially-wise to pay minimum equated monthly instalments (EMIs) and invest elsewhere to generate higher returns or close the loan account as soon as possible? I also claim income tax exemption on the interest part of the education loan and will continue to opt for the old tax regime to claim this benefit. —Name withheld on request Given the rate of interest of 9.5% on the education loan, you can exercise the option of prepaying a major portion of your loan that can reduce your EMIs meaningfully in the future.

₹13 lakh from it. The incident took place on October 20, news agency ANI reported, adding that the police have registered a case. An investigation is underway to identify and track down the accused, police personnel reportedly said.

Marg, Patparganj, Sonia Vihar, and Moti Bagh witnessed AQI levels above 300 today due to local reasons. Special teams will be deputed here to identify and inspect local sources of pollution there," Gopal Rai said as per news agency ANI. The development comes as the Delhi government and other weather-related bodies expect air quality to worsen in the upcoming days.

Industry super fund QSuper handed back the keys to a prime New York City midtown office tower after its investment went under water just 2½ years after valuing the asset at $US540 million ($855 million) on its books.

The Victorian government’s team in charge of delivering the 2026 Commonwealth Games was so inexperienced it would have struggled to host a 500-person conference, an inquiry has been told.

Sterling & Wilson Renewable Energy witnessed a 5% surge in its shares, reaching ₹289.85 in early trade on Monday after the company's losses narrowed in the September quarter. At 10:00 AM, the stock was trading with a gain of 2.15% at ₹282 apiece. The company on Saturday reported a consolidated net loss of ₹54.51 crore, a significant improvement from the ₹299 crore loss in Q2FY23 and the ₹95 crore loss in Q1FY24.

World Cup 2023 on October 22. When Virat Kohli was close to scoring a century, the viewership crossed an impressive 4 crore. The numbers surged to 4.3 crore as Ravindra Jadeja steered India to victory, marking their first win over New Zealand in the ICC World Cup since 2003.

warehousing demand across the top five cities was recorded at 17 mn sq ft of gross leasing in the first three quarters of 2023. Despite a relatively slower growth during H1 2023, leasing activity picked up in Q3 2023, registering a 55% QoQ growth.

(Reuters) — A funeral will be held on Sunday for the president of a Detroit synagogue who was killed over the weekend, according to the funeral home's website, as police searched for a motive.