Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
It is the first airport in the country to have multi-modal connectivity. This includes a linkage to the project via road, rail, and a metro system.
Footwear companies were among the weakest performers in the consumer discretionary sector during the October-December quarter (Q3) of 2024-25. The combined revenue growth of the top four listed firms was just 2.9 per cent year-on-year (Y-o-Y) - the lowest among major discretionary categories.
The prime minister, who is on a two-day visit to the state, inaugurated, laid the foundation stone of and dedicated to the nation, railway and metro projects in the state worth Rs 4,500 crore.
How to conduct the mock exercise with active public participation of people was discussed threadbare at a high-level meeting chaired by Union Home Secretary Govind Mohan. Top civil and police officers of the country participated in the meeting, official sources said.
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
Listed paint majors posted another lacklustre showing in the January-March quarter (Q4) of 2024-25 (FY25), with average revenue growth under 3 per cent. Sales were weighed down by Asian Paints - the market leader and the only major to report a year-on-year (Y-o-Y) decline.
Observing that the Mumbai Metro has made an attempt to overreach the court's jurisdiction, the Supreme Court on Monday directed it to pay Rs 10 lakh fine within two weeks for felling of trees in Aarey forest beyond permission.
'Although we are facing constraints related to lending and resource mobilisation, the government is aware of these.'
Kolkata Police detectives on Wednesday visited the house, where three female members of a family were killed last month, and reconstructed the crime scene with an accused -- the husband of one of the deceased.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
Spain and Portugal suffered a major power outage on Monday, affecting millions and disrupting airports, metros, and telecom companies.
Major Mohit Sharma was one of India's bravest military officers who died fighting terrorists in Kashmir.
The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages see an opportunity in select stocks.
The woman alleged that a 'policeman' standing on the platform did not take any action after she approached him for help following the incident.
India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.
Miles of iron anti-scale walls surround the area, with the Secret Service and Metro police patrolling vigilantly. The scene reflects the heightened precautions, likely influenced by the assassination attempt Donald Trump survived last year -- a moment memorialized in a massive hoarding on the Heritage Building along Massachusetts Avenue.
Three business houses are likely to be in the final race to strike a deal with Germany's Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand's conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees. Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the M&A developments.
Here's your ultimate concert guide to the Music of the Spheres World Tour at Ahmedabad's Narendra Modi Stadium on January 25 and 26.
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
Traditional field sales are losing ground, with job postings declining except in Tier III and IV cities.
Long queues of passengers were seen outside various Delhi Metro stations on Wednesday morning, a day after new restrictions were put in place by authorities, including running of its trains with only 50 per cent seating capacity and no provision for standing for commuters, in view of rising cases of COVID-19 in Delhi.
Bookings as well as airfares for flights to Prayagraj have jumped multi-fold as more people travel for the Maha Kumbh, with the air ticket prices rising up to 21 per cent for the Delhi-Prayagraj flights. According to an analysis by travel portal ixigo, the one-way airfare between Bhopal and Prayagraj has surged the maximum at 498 per cent to Rs 17,796 from Rs 2,977 last year.
In another milestone for the DMRC, driverless train operations on 59-km Pink Line of the Delhi Metro were flagged off on Thursday.
In their first cabinet meeting held hours after coming to power, Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis took the first step towards overturning the previous Uddhav Thackeray-led Maha Vikas Aghadi government's decision of relocating the proposed Mumbai Metro Line-3 car shed from Aarey Colony.
More than 100 flights were delayed at the Delhi airport on Friday morning due to bad weather conditions, an official said.
The incident took place on the intervening night of April 8-9 near Dorangla village in Gurdaspur district. The Border Security Force (BSF) has issued an "alert" all along the 553 km of this front in Punjab and suspension of farming around the blast area.
Police in Kolkata are investigating the murders of two women and a teenage girl found dead in their home. The post-mortem confirmed murder, raising suspicions about the husbands' involvement and the motive behind the crime. The husbands, who are brothers, initially claimed a suicide pact, but police are skeptical and are questioning them once they are medically fit. The investigators are also exploring the possibility of external involvement in the murders. The family's financial difficulties are being investigated as a potential factor.
"This same person (Kamra) had commented on the Supreme Court of India, the Prime Minister, (journalist) Arnab Goswami and some industrialists. This is not freedom of speech; this is working for someone," Shinde said.
'We don't give any guidance about profitability. We have internal targets but we don't discuss them publicly.'
Metro rail services were closed on March 22 in the wake of the COVID-19 pandemic.
The ongoing survey for the Dharavi Redevelopment Project has surpassed the scope of the 2007-08 survey, with over 63,000 tenements already mapped. The survey, which includes ground floor and upper floor structures, aims to provide housing for all residents of Dharavi, including those in existing SRA buildings and on RLDA Land. The project, undertaken by Navbharat Mega Developers Private Limited (NMDPL), aims to construct nearly 1.5 lakh tenements to accommodate the growing population of Dharavi.
Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.
The country's largest listed footwear brand by market capitalisation, Metro Brands, posted better than expected December quarter results for the 2022-23 financial year (FY23), riding on store expansion and strong same store sales (SSS) growth. Profitability too remained robust, even as net profit growth was marginally lower. The company, which retails across the Metro, Mochi, Walkway, Crocs and Fitflop formats, posted a 24 per cent growth in revenues over Q3FY22.
The Supreme Court on Tuesday permitted the Mumbai Metro Rail Corporation Ltd to pursue its plea with the relevant authority for felling 84 trees at Mumbai's Aarey Colony for constructing train ramps at its car shed project, saying it cannot be "oblivious of serious dislocation" which may be caused in projects involving "large public funds".
The Calcutta High Court has directed the Central Bureau of Investigation (CBI) to submit the case diary initially prepared by the Kolkata Police in connection with the rape-murder of an on-duty doctor at RG Kar Medical College and Hospital. The court also instructed the CBI to present a list of individuals interviewed in the case at the next hearing scheduled for April 23. The CBI has been investigating the incident since August 13, 2024, when the case was transferred from Kolkata Police. The court noted inconsistencies between the inquest and post-mortem reports, with two injury marks mentioned in the inquest report but absent in the post-mortem report. The CBI is currently investigating whether there was a larger conspiracy behind the crime and if there had been any attempt to destroy evidence.
At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach.
The entire construction of the Navi Mumbai airport project is expected to be completed in five phases.
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
