CENTRAL BUSINESS DISTRICT
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Centre eyeing one startup in every district by next year
The government is optimistic about its plan to have at least one registered startup in all 785 districts of the country, industry department officials said. With only 20-25 districts remaining without a startup, the goal is expected to be achieved within a year.
Tamil Nadu Assembly Speaker Appavu suspends AIADMK MLAs for a day over ruckus on hooch tragedy
Speaker M Appavu suspended AIADMK MLAs for one day in Tamil Nadu Assembly amid ruckus over Kallakurichi hooch tragedy discussion. Speaker Appavu acted on DMK Minister Nehru's request but CM Stalin intervened for only one day suspension. He criticised AIADMK's disruptive behavior. The Death toll in hooch tragedy rose to 59.
RBI urges banks to address credit gaps for underserved sectors
Despite India's progress in banking access, micro and small business units, marginal farmers, and self-help group members still lack institutional credit and comprehensive financial services, as highlighted by the Reserve Bank of India.
Solution to Manipur crisis likely in 2-3 months: Biren Singh
Talking to media persons in Imphal on Friday, Singh said that violence continues in some areas due to a lack of security personnel, but the situation is improving as security forces which were taken out of the state for general election duties have come back and have been redeployed in vulnerable areas. "Now, the situation will be better," he added.
Amaravati's revival: N Chandrababu Naidu's return sparks new hope for Andhra Pradesh's capital
Real estate agent Mehboob Khan in Amaravati is overwhelmed with messages as land prices surge due to the return of N Chandrababu Naidu and the TDP, with the slogan 'Boss is Back,' indicating a revival in the city.
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Flight to the Future: Noida International Airport's Asia-Pacific transit dream set to be ready by November-end
The Noida International Airport is set to become India's first transit hub and a major civil aviation facility in the Asia Pacific region. Modeled on Zurich Airport, this greenfield project in Jewar, Uttar Pradesh, will feature advanced passenger and flight handling capabilities. The airport will also include a multimodal cargo hub, operational by November 2024, developed by Air India SATS. Recruitment and infrastructure developments are underway to ensure the airport meets international standards.
Sealdah station upgrades disrupt train services for second day, passengers face hardship
Passengers experienced significant disruptions for the second consecutive day on Saturday as numerous suburban trains were canceled or short-terminated due to infrastructure upgrades at Sealdah station. An Eastern Railway official reported that 80 local trains were cancelled, and 147 suburban train services were short-terminated or short-originated to facilitate platform length extensions and an electronic interlocking system upgrade from Friday to Sunday afternoon.
Window washers dangle from famous tower in severe storm; watch video
Amidst a heatwave in Beijing, the capital received some respite. However, soon a severe storm caused some workers to dangle from a building with just a rope protecting them.
Lok Sabha Elections: Is the kaleen rolling out for Apna Dal's Anupriya didi in Mirzapur season 3?
Mirzapur, a district thrust into the limelight by a popular OTT series, faces a real-life political drama as Anupriya Patel of Apna Dal (Sonelal) seeks an unprecedented third term as Member of Parliament. Standing against her is Ramesh Chand Bind, a seasoned politician who switched allegiance from the BJP to the Samajwadi Party. This contest unfolds against a backdrop of significant local issues, including the struggles of the carpet industry, a severe water crisis, and complex caste dynamics. As Mirzapur's residents navigate these challenges, the election promises to be a defining moment for the district.
Amritsar traders say trade revival with Pakistan key poll issue; will benefit farmers, transporters
Amritsar, a major city in Punjab, is urging for the resumption of trade with Pakistan through the Attari-Wagah land route. The trade volume between India and Pakistan through the land route used to be around Rs 5,000 crore per annum before the bilateral trade ties were suspended in 2019. The local industry has emphasized the necessity of the revival of trade for the betterment and development of Amritsar.
Kerala hit by heavy pre-monsoon rains, IMD alert for 4 other states amid cyclonic circulation over Tamil Nadu
The India Meteorological Department reports that conditions are increasingly favorable for the Southwest Monsoon to hit Kerala and parts of the country within three to four days. By May 28, 2024, the monsoon had progressed into more areas of the South Arabian Sea and the Maldives. This will continue, extending into Kerala and other regions. Meanwhile, heavy rains and gusty winds in Kerala disrupted life, causing flooding and slow traffic in Kochi and nearby areas.
BJP supporting party whose leader build business on Hawala money from Pak: Mehbooba Mufti
PDP chief Mehbooba Mufti accused BJP of supporting a party involved in Hawala money from Pakistan for militancy in Kashmir, targeting Apni Party's Altaf Bukhari. She urged investigation into recent attack on tourists in Pahalgam. Alleged harassment of voters and interference in elections. Mehbooba hopes for PM Modi's intervention to ensure fair poll.
Focussed ‘underlying business’ approach of long-term investing: 5 non-Nifty largecap stocks with upside potential of up to 39%
Whether one accepts it or not, when someone uses the word large cap, first names which would come to mind would be nifty stocks. Because somehow the word large cap has become synonymous with nifty stocks. But the fact is that the world of large caps is much bigger and there are stocks which have been able to show strong out performance in troubled times of volatility, we take a look at them. When it comes to long term investing in the same industry, some players are able to show better performance in terms of growth. This could be because of belonging to a strong group, because the management had set the business in a way that it is able to take headwinds or the market size is so large that growth is bound to make and it comes with better margins to efficient players. We take a look at 5 stocks where the underlying business is strong and good to own business for the long term.
Central agencies attacked in Bengal as TMC wants to protect corrupt leaders: PM Modi
While addressing a mega rally in Jalpaiguri, Modi also claimed that "TMC's syndicate Raj" prevails in West Bengal, and the party is only interested in protecting its corrupt leaders.
Why RBI's disproportionate action against fintechs may be bad for business and investor sentiment?
In a situation where financial liabilities of citizens have grown from 3.8% to 5.8% of GDP between 2021 and 2023, is it not reasonable to expect that regulatory and supervisory actions are taken in a 'calibrated' fashion, keeping an eye on customers credit needs and financial convenience? In an age when gov and corporations promote light-touch digital solutions as a universal panacea, should regulatory boundaries remain static and stifle new lending models?
Asian Development Bank approves funding of Rs 1294 crore for various developmental projects in Tehri District
Sachin Kurve, Secretary, Tourism, and CEO of Uttarakhand Tourism Development Board said that in order to promote sustainable inclusive, climate resilient tourism, and for the development of designated areas in Tehri, the state decided to develop Tehri Lake and surrounding areas as a “Special Tourist Area” after which Tehri Special Area Development Authority (TADA) was established under the Tehri Special Area Development Act 2013.
Prime Minister Modi's selfie with 'friend Nazim' creates buzz
The selfie went viral on social media bringing attention to Nazeer's business. Nazeer shared his experience with the PM at Srinagar's Bakshi Stadium and received applause for his consistency and determination despite challenges. Nazeer had started beekeeping as an afterschool hobby in 2018, with two boxes on the roof of his house. Later, he explored opportunities and took help from several government schemes to expand his business.
54 detonators in two boxes found abandoned at busy Kalyan railway station near Mumbai
Senior police officials, including Thane city cops, visited the spot where the detonators were found. Usually, detonators are used in Thane district for illegally catching fish in lakes and also for carrying out blasting operations in quarries. Detonators are used to send shock-waves through the water, stunning or killing fish which are then collected.
'Agniveer' scheme brought to benefit business house: Rahul Gandhi
Gandhi made the allegation at Mohania in Kaimur district of Bihar, bordering Uttar Pradesh, a region from where youngsters are known to enrol in the armed forces on a large scale. The region was a witness to large-scale protests against the Agniveer scheme two years ago. "An Agniveer will not get a salary and pension on par with a regular army soldier nor will he get access to the canteen," alleged Gandhi.
Central Bank, 10 others file bids for Future Enterprises assets
Lenders had divided the company's assets into three clusters - the company's stakes in insurance ventures, textile businesses and other residual stakes. Authum, Capri and JC Flowers are the three entities that have expressed interest in bidding for the whole company or all three clusters.
All districts will be converted into 'Ayushman' districts: Mansukh Mandaviya
Addressing the diamond jubilee celebration of Mahatma Gandhi Memorial Medical College, Indore, Mandaviya said, "The name of the institute is associated with respected Mahatma Gandhi. Inspired by the principles given by respected Bapu, Prime Minister Narendra Modi has gifted a new education policy to the country. The government has started work on the principle of One District One Medical College to convert all districts in the country into Ayushman districts."
AAP sends 'business as usual' signal amid Arvind Kejriwal's arrest fears
AAP has tried to convey a message of "business as usual" despite fears of Arvind Kejriwal's arrest in the Delhi liquor policy case. The party announced that Kejriwal will kick-start AAP's Lok Sabha campaign with a three-day tour of Gujarat from Saturday. "This investigation has been going on for two years. Why am I being called now, just before the Lok Sabha elections? Why was I not called earlier?" said Kejriwal.
Every countryman is today happy to see UP's progress: CM Adityanath
Adityanath said that the MSME has given a new identity to Uttar Pradesh and added the government's One District One Product (ODOP) scheme has given a new direction to the traditional entrepreneurs, who were earlier frustrated and forced to flee because they were not heard.
Bhive Launches it's largest 1.5 lakh square feet coworking facility in Bangalore’s Central Business District
“The co-working industry in India is at an inflection point with the rapid proliferation of such facilities across the industry and occupiers across sectors actively taking up spaces. The co-working space will offer nearly 3,500 seats and many offerings like food and beverages,” Shesh Paplikar, Founder and CEO of BHIVE Workspace, said.
Bommai attacks Siddaramaiah govt, says those in power busy in politics to save position
Senior BJP leader Basavaraj Bommai has accused the Congress government in the Indian state of Karnataka of neglecting those affected by flooding and rain. He said that the government has failed to provide relief to those affected by floods, provide initial assessment of crop damage, or pay attention to the loss of life. Bommai also accused the state government of political infighting and linked this activity with an alleged competition for corruption in the transfer of government officials.
Delhi Police intense patrol after tunnel robbery: Over 1,500 detained for up to 2 hours, 270 vehicles seized
The Delhi Police detained more than 1,500 people for up to two hours and seized about 270 vehicles from its central district during an intensified night patrol to contain street crimes in the national capital, officials said on Tuesday. The intensive campaign between 10 pm and 2 am Monday night came two days after a delivery agent and his associate were allegedly robbed of Rs 2 lakh at gunpoint by four motorcycle-borne men inside the busy Pragati Maidan tunnel. Seven people have so far been arrested in connection with the Saturday incident.
About two-third of the overall REITable stock in India falls in secondary business districts
Amongst these SBDs, the SBD of Hyderabad holds the highest quantum of REIT-worthy stock with 28% share, followed by Bengaluru at 24% Additionally, over 60% of the Grade A stock within SBDs is REIT-worth, mentioned Colliers.
CBI, ED can't deter me from public service: Abhishek Banerjee
Days after being summoned by the CBI for questioning in connection with the school jobs scam, senior Trinamool Congress leader Abhishek Banerjee asserted that "threats by central agencies" can't deter him from public service. Speaking at a workers' convention in Bankura district of West Bengal late on Monday night, the TMC national general secretary dared the BJP to "fight him in the people's court rather than using the shield of central agencies".
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