WhatsApp Financial News

Vegetable prices in Delhi could be headed for a rise as farmers' protests disrupt supply chains, according to a trader at Ghazipur Mandi as the farmers' protests continued for the fifth day. A trader reported a Rs 4 increase in carrot prices over the past 15 days due to supply issues from Punjab. He expressed concern that further disruptions caused by the ongoing protests could lead to price hikes for other vegetables as well. The vegetable trader at Ghazipur mandi said, «The price of carrots has gone up by Rs 4 in the last 15 days after supply from Punjab was disrupted following farmers' protest. This could lead to a rise in the price of vegetables. This issue between the farmers and the government should end soon.» Farmers' Protest and Supply Chain Disruptions

Hyderabad region has witnessed a 1 per cent annual fall in registrations of residential properties in January to 5,411 units, according to Knight Frank. As many as 5,454 housing units were registered in January 2023 across the Hyderabad residential market, which includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. The data covers transactions of both primary (first sale) and secondary (resale) markets. As per the data compiled by real estate consultant Knight Frank India, the total value of properties registered during January stood at Rs 3,279 crore, which is 24 per cent higher year-on-year, indicating a movement towards sale of higher value homes.

I told you that Smallcaps and Midcaps would continue their rally. The Nifty50 index rallied continuously for 5 months from March’23 to July’23. Since 2010, there have been only 4 instances where the index has rallied continuously for 5 or more months.

Power Grid Corporation (POWERGRID) expects «no impact» from proposed changes in Operation & Maintenance (O&M) charges norms by Central Electricity Regulatory Commission (CERC), a top company official said. The official said the company was in discussion with the regulator. Draft regulations suggest altering the prior 75:25 (sub-station vs transmission line) O&M cost distribution to 65:35 ratio, increasing transmission line charges while decreasing substation charges. Chairman and Managing Director Ravindra Kumar Tyagi claimed «net impact is almost zero,» with overall O&M charges maintained.

commercial units and some houses were damaged in a fire that broke out in a chawl in Mumbai's Govandi area early on Saturday, in which nobody was reported injured, an official said. The fire brigade received a call at 3.55 am, which alerted it about the blaze, he said. «Around 15 galas (commercial units) on the ground floor and some houses on the first floor were damaged in the fire that broke out in a chawl at Bainganwadi in Adarsh Nagar area of Govandi,» the fire brigade official said. The fire engulfed some electrical wiring and installations, plastic sheets, household items, wooden planks and furniture, among other things, he said, adding that attempts to douse the flames were underway.

review petition following the apex court’s decision to strike down the electoral bond scheme, said people familiar with the deliberations. If required, the names of donors can be given to the court in a sealed envelope, without making the information public, they said, ruling out an ordinance to override the judgment with general elections just a few weeks away.

Solo Leveling Episode 7 is set to continue the thrilling saga of Sung Jin-Woo as he faces new challenges and missions. With the release date approaching, fans are eager to delve deeper into the world of Solo Leveling.

Union Bank of India has received bids for four stressed loans worth more than ₹520 crore from ACCIL Corporation, SDB Developers, Jaypee Healthcare and Gammon India, at less than half the value of the loans. It was on a 100% upfront cash basis to ARCIL, CFM ARC, JC Flowers and Omkara ARC. JC Flowers Asset Reconstruction Company emerged the frontrunner to acquire distressed loans of Jaypee Healthcare, while Omkara ARC is in fray to acquire Gammon India loans from Union Bank of India. The government bank received binding bids for four stressed accounts with outstanding loans of ₹525 crore and resulting in 34%-90% recovery. The bank will hold a Swiss auction process on February 21 and accept a minimum bid at 5% mark up to the base bid, according to a bank document.

income tax department will press ahead with recovery of income tax dues totalling Rs 115 crore from the Indian National Congress, for the financial year 2018-19, people familiar with the matter said. They said that multiple bank accounts of the party was attached and frozen as part of routine procedure followed by the income tax department to recover tax dues, if an assessee fails to pay due tax. They said the party had not deposited tax demand claimed by the department and move was aimed at safeguarding the claimed amount, and added that the accounts were operational without any restriction on deposit of cheque. However, a balance of Rs 115 crore has to be maintained in the bank account.

payments at the 247 toll stations where the 'acquirer' is Paytm Payments Bank, the entity that was barred from accepting deposits in a regulatory clampdown last month, people aware of the development said. Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank and Kotak Mahindra Bank are among the nine banks that have been authorised by Indian Highways Management Company Ltd-under National Highways Authority of India (NHAI)--and are being considered for rollover from Paytm Payments Bank, the people cited earlier told ET. The 247 toll plazas managed by Paytm Payments Bank account for about 14% of the country's daily national highway toll collection, which is ₹ 190 crore on average. Here an «acquirer» is a bank or financial institution that processes payments (FASTag) at the toll plazas on behalf of the issuing bank, and also routes them through the payment networks to the issuing bank. NHAI pays the acquirer bank at a toll station 0.13% of the daily collection as programme management fee.

The RBI placed restrictions stating various violations, such as payments being made to entities not registered as merchants on card networks. According to banks, the value of transactions in these cards is high, but since they do not attract the same level of fees (merchant discount rate) as retail sales, their card earnings will not be significantly hit.

JSW Group is investing about ₹2 lakh crore in Odisha in steel, cement and electric vehicles among other businesses, aiming to establish one of India's largest industrial complexes by leveraging the state's abundance of natural resources such as iron ore. «Whenever and wherever JSW Group contemplates making investments, Odisha has always been the top destination in mind,» group chairman Sajjan Jindal told ET. «We have already invested ₹30,000 crore here so far and we are committed to invest an additional ₹1,65,000 crore.» Last week, the $23 billion JSW group signed an MoU with the Odisha government for an electric vehicle project. The company has a presence in steel manufacturing, power, cement and ports in the state.

The matter pertains to income tax litigation around the utilisation of surplus and the disallowance or addition related to interim bonus, the company said in customary filings with the stock exchange. From a cash flow perspective, LIC stands to receive ₹25,464 crore.

Supriya Sule, NCP leader Ajit Pawar on Friday said that just by giving speeches and winning awards as the best parliamentarian does not get the job done in politics. Ajit took on Sule saying she has not done any work in her constituency while alluding that she has lost touch with her constituency. «We can't just elect people in Parliament who don't do any work; just giving speeches in Parliament does not solve issues. If I don't come here (Baramati) and just give a speech in Mumbai and get the award for the best parliamentarian and don't oversee the work here, then would the work be done here,» asked Ajit Pawar. While Ajit did not name Sule by name, the indirect attack was aimed at Sule as the latter has been awarded 'the best Parliamentarian award' several times.

defence ministry has given a go ahead to procure new maritime aircraft for the Navy and Coast, aerial refuelers for the Indian Air Force and several other projects for the Indian industry valued together at ₹84,560 crore. These were cleared by the Rajnath Singh-led Defence Acquisition Council on Friday. The acquisition of 15 maritime patrol aircraft — nine for the Navy and five for the Coast Guard — will be a boost to Tata-Airbus that is already manufacturing the C 295 aircraft in Gujarat. With the additional order, a total of 71 aircraft will be produced and more orders are also in the pipeline from other security agencies. Sources said that while the original order for 56 C 295 aircraft for the IAF was placed on Airbus, with Tata being the manufacturing partners, the additional order valued at ₹29,000 crore will see Tata as the prime contractor. The IAF has also got a go ahead to procure new mid air refueler aircraft, a critical force multiplier. The requirement of six new such aircraft has been projected since 2009 and two earlier attempts to procure them have failed. Sources said that the aircraft will be bought under the Buy Global option given the limited numbers needed.

A Killer Paradox – Season 1 is at present available for streaming on Netflix. Given the several twists and interesting turns portrayed in the last episode, fans are now anticipating a second season of the K-drama series, though no update regarding the same has been shared by Netflix yet as reported by What's on Netflix. Lee Chang Hee, of Strangers from Hell has directed the South Korean thriller series – A Killer Paradox with Kim Da Min writing the screenplay for the same. The series has been adapted from Sarinjaonnangam, the Korean webtoon which was released globally on February 9th, 2024.

automatic braking system installed in eight-car Vande Bharat trains as part of the indigenously developed anti-collision device 'Kavach', an official said. «In the first-ever trial, the loco pilot did not apply the brakes and still the train, running at a speed of 160 kmph, automatically stopped 10 metres before the red signal. This parameter will now be freezed for all eight-car Vande Bharat trains across the country,» Agra Railway Division PRO Prashasti Srivastava told PTI. All Vande Bharat trains are fitted with a 'Kavach' system which can apply brakes on its own in case the loco pilot fails to do it due to any reason. Since this system needs several other components such as station Kavach, RFID tags throughout the track length and Kavach towers along the tracks to work simultaneously, the Indian Railways is in the process of implementing these components across its network to enhance operational safety.

Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat and Tamil Nadu, according to Society of Indian Automobile Manufacturers. As per data from Society of Indian Automobile Manufacturers (SIAM), Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories. Maharashtra was second with 6,88,192 units across the four categories followed by Gujarat with 4,21,026 units and Tamil Nadu 4,19,189 units in the quarter. Uttar Pradesh witnessed the highest number of three-wheelers sold in the quarter at 23,859 units, followed by Maharashtra (20,495), Gujarat (19,743) and Bihar (14,955).

South African Tourism Board on Friday said it is expecting to welcome 1 lakh tourists from India this year, breaching the pre-COVID level. It is focusing on travellers from tier II cities to tap the huge potential in the smaller cities. Click & check your eligibility for immigration Find out «We hosted over 79,000 Indian travellers in 2023, which is 82 per cent of the pre-Covid levels. In 2019, 95,000 Indian visitors travelled to South Africa, and this year, we are expecting the footfalls from India to cross 1,00,000 tourists.

uncle, Maharashtra deputy Chief Minister Ajit Pawar on Friday said he would have easily become the party president had he been the son of the «senior» leader. The Nationalist Congress Party president, who rebelled against his uncle Sharad Pawar last year to join the Shiv Sena-BJP government, also denied the allegation that corruption cases forced him to switch sides. Speaking at a party function here, Ajit Pawar said he was accused of «stealing» the party founded by Sharad Pawar, but the Election Commission of India and Maharashtra assembly Speaker gave rulings in his favour (affirming that the Ajit faction was the real NCP). «Had I been born to the senior (leader), I would have become party president naturally, in fact, the party would have come under my control. (But) I too was born to your brother,» he said, without naming his uncle.

₹45 apiece. Kalahridhaan Trendz IPO lot size consists of 3,000 shares.