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Patil, addressing the assembly on Tuesday, shared details about the ongoing efforts. “The Infrastructure Development Corporation Karnataka Ltd (IDeCK) is surveying various proposed sites for the best location. Once it finishes the survey, the report will be submitted to the Airport Authority of India (AAI),” he said. “AAI has the authority to finalise the location for the second airport in Bengaluru,” Patil added. The minister further explained that various factors would play a role in the decision-making process. These include connectivity, proximity to key areas, and the surrounding environment. «There will be some clarity on the location within a week,» Patil said.

As per the report, despite setbacks from the Covid-19 pandemic, the tourism and hospitality sector is witnessing a strong resurgence, fueled by domestic tourism. By 2036-37, spending in this sector is projected to rise by 1.2 times, driving the need for an additional 61 lakh workers, comprising 46 lakh males and 15 lakh females.

Capybaras are having a big moment

On the face of it, the list of promotions to managing director (MD) which Bank of America has just announced looks like it might have raised a few eyebrows.  The overall MD class of ’24 has 387 members, up 16% on last year.  Within that, Jim DeMare’s global markets operation accounts for 65 new promotions, same as 2023.  But what’s happened to the bankers?

We're in the dying light of the fourth quarter, but banks are still making strategic hires. And when they find the right person, they are promoting them too. 

When 44-year-old Michael Bruun, the London-based co-head of global private equity at Goldman Sachs, invested in Swedish battery maker Northvolt in July 2022, he wrote on LinkedIn that he was «proud» to do so. 

If you're going to make a $45m loss on a block trade, December is probably not the time to do it. It's unfortunate, then, that this is what has occurred at Citi. 

T. Rowe's OEIC Global Impact Credit and OEIC Global Impact Equity funds will both adopt the label early in 2025 under the regulator's naming and marketing rules which came into effect this year.  This means that the T. Rowe Global Impact Credit fund has become one of the first fixed income funds to adopt an SDR label, after Investment Week reported on Monday (16 December) that EdenTree Investment Management has received authorisation for the same label on its Global Impact Bond fund.  Editor's view: Where are the SDR Improvers and Mixed Goals? Managed by Matt Lawton, the fixed inco...

According to a Reuters source, the e-commerce giant is exploring this option in order to facilitate its widely-anticipated float on the London Stock Exchange. Friday Briefing: And the exodus continues? If approved, this would likely mark the first time a company has been permitted to list below the 10% rule. Shein is expected to float with a £50bn market cap next year. Its potential launch on the LSE follows controversies surrounding two cases of child labour that the Singapore-headquartered retailer said it had found in its supply chain back in August. FCA pressed to block S...

One of the men from Wayanad district was initially found to be infected, and the second person, from Kannur, tested positive later, according to her statement. Following the reports of the disease, the Health Department has directed those who came in contact with the patients to monitor for any symptoms and report them accordingly.

economic fraud in the past 24 months, according to PwC's 'Global Economic Crime Survey 2024 — India Outlook. This marks an 18 per cent increase compared to the global average of 41 per cent and a 7 per cent rise within India since the 2022 survey, PwC India highlighted. The latest findings highlight procurement fraud as the top threat for Indian businesses, with 50 per cent of respondents identifying it as a major issue. This reflects a significant 21 per cent jump compared to global concerns. In contrast, customer fraud, which was the leading issue for 47 per cent of Indian businesses in 2022, has been overtaken.

Bharti Airtel’s Africa unit is seeing strong business resurgence and is set to pull ahead of rival telcos operating in the African continent, including MTN, Vodacom and Orange by recording the highest revenue growth in Year 2025, analysts and industry experts said. London-based NewStreet Research estimates that Airtel Africa Plc will deliver 20.6% on-year revenue growth in Year 2025 vs 17.2% (MTN), 9% (Orange) and 6.8% (Vodacom). In Year 2024, Airtel Africa is estimated to have drawn level with MTN, with both telcos slated to report over 21% on-year revenue growth — significantly higher than Orange and Vodacom’s 9.4% and 6.4% estimated growth levels respectively, the UK brokerage added.

Quick commerce major Zepto’s 21-year-old co-founder Kaivalya Vohra is now India's youngest self-made entrepreneur, according to Hurun India. Vohra is closely followed by his founding partner Aadit Palicha, who is 22 years old. Zepto, established in 2021, has witnessed an astonishing 259% growth in valuation over the past year, reaching Rs 41,800 crore, Hurun said. The Mumbai-based company, co-founded by Stanford University computer science dropouts Vohra and Palicha, has quickly risen to prominence as India’s quick-commerce leader, offering 10-minute grocery deliveries in major cities across the country.

Subscribe to enjoy similar stories. As the cement sector struggles with muted prices, some firms may feel more heat than others. A case in point here is Dalmia Bharat Ltd.

NMDC fell 7% to hit the day's low of Rs 211.55 on the NSE on Wednesday following media reports that the Karnataka government is considering an increase in the duty on iron ore. The selling was seen amid strong volumes as nearly 2.50 shares changed hands on the NSE around 1:30 pm.

Railways on Wednesday dismissed as «baseless» claims that passengers would be allowed to travel free of cost during the Maha Kumbh Mela, and said no such provision exists. «It has come to the attention of Indian Railways that certain media outlets are circulating reports claiming that passengers will be allowed to travel free of cost during the Maha Kumbh Mela,» it said in a statement. «Indian Railways categorically denies these reports, as they are entirely baseless and misleading,» the statement said. «Travelling without a valid ticket is strictly prohibited under the rules and regulations of Indian Railways and constitutes a punishable offense. There are no provisions for free travel during Maha Kumbh Mela or any other occasion,» the ministry added.

Svetlana Dali certainly is tenacious.The alleged Delta Air Lines stowaway is, once again, making headlines — this time for trying to sneak her way into Canada, reportedly cutting off her ankle monitor before boarding a Greyhound bus to the Great White North.Dali, a 57-year-old Russian national, was taken into custody in Paris late last month after she snuck onto a Delta Air Lines flight at New York’s JFK International Airport without a boarding pass on Nov. 26 and flew all the way to Charles de Gaulle Airport in Paris, apparently concealing herself by spending long periods of time in the plane’s multiple bathrooms.She was detained when authorities discovered she didn’t have a valid visa to enter the country, French National Police said at the time.After two unsuccessful attempts to deport her back to the U.S.

Rajya Sabha proceedings were adjourned till 2 pm on Wednesday after opposition MPs protested against Union Home Minister Amit Shah's alleged insult of B R Ambedkar. Soon after the listed papers and reports were tabled and the House went ahead with the scheduled Zero Hour, Congress MP Jairam Ramesh rose and alleged Shah insulted Ambedkar. Soon, several other Congress members were on their feet and started raising slogans like "'Amebedkar ka apaman nai sahega Hindustan' (India will not tolerate Amebedkar's insult)". Countering them, Minister of Parliamentary Affairs Kiren Rijiju said it was the Congress that insulted Ambedkar and did not honour him with a Bharat Ratna.

MphasiS Ltd. 0.17 per cent to Rs 3173.65 in Wednesday's trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 24223.05, 112.96 points. The scrip had closed at Rs 3179.20 in the previous session. The stock quoted a 52-week low of Rs 2180.05 and a high of Rs 3239.55. The company quoted a market-cap of Rs 60020.38 crore on the BSE.

Thukra Ke Mera Pyaar, a Hindi drama series, debuted on Disney+ Hotstar on November 22, 2024, featuring newcomers Dhaval Thakur and Sanchita Bashu. The series tells the story of two young lovers from different backgrounds, whose relationship is hindered by family conflicts rooted in caste and class divisions. Directed by Shraddha Pasi Jairath and produced by Bombay Show Studios, it became the most-watched show of the year on Disney+ Hotstar, breaking records in its first 16 days of streaming. Vivek Srivastava, head of Hindi specials for streaming at JioStar, shared with Variety that the show was designed to resonate with the emotions and experiences of today’s youth, delivered through a contemporary production style. He emphasized the success of the show in exceeding expectations and providing a platform for emerging talent like Dhaval Thakur and Sanchita Bashu. Srivastava further highlighted that Thukra Ke Mera Pyaar exemplifies the company’s commitment to producing high-quality content that connects deeply with viewers and promises more impactful stories in the future. The hit serial also stars Aniruddh Dave, Sushil Pandey, Neeta Satnani and others.

Subscribe to enjoy similar stories. The year 2024 was far from stellar for Indian stocks, particularly in retaining foreign investment. Towards the end of the year, as markets experienced a significant correction, foreign institutional investors (FIIs) began pulling their funds from Indian equities.