'India is too large a place to have just 10 labs performing these Covid-19 tests.'
Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24. Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field. It may perhaps also compress the spread for debt instruments floated by housing finance companies (HFCs) over 10-year government bonds, subject to demand and supply conditions.
India's main hubs are bursting at the seams.
'As a police officer, I had gone on deputation to the prison department; on both occasions (the hanging of Ajmal Kasab and Yakub Memon), the government said that I should remain present.' 'I was not mentally prepared for these sensitive operations and had to work on myself to lead the teams.'
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
The vertical approach was one of the at least five options on which preparatory work had begun some days back, as anxiety mounted over the fate of the men trapped in the under-construction tunnel on Uttarakhand's Char Dham route.
Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects. The money will be raised through Infrastructure Investment Trusts (InvITs), and there will be an investment limit of Rs 10 lakh for retail investors, he added. "We will be approaching the capital market to raise funds for the four road projects... there will be an assured return of 7-8 per cent," Gadkari said while addressing a Ficci event.
Regional airlines that have received approval include MDLR, Jagson Airlines, Star Aviation and Zav Air. Others like Mega Airways and Premier Airlines are still awaiting approval.
Deteriorating ties between India and Canada could have a bearing on flows into the domestic capital markets. At present, Canada is the seventh largest country for foreign portfolio investor (FPI) flows into India. According to the National Securities Depository Ltd (NSDL), the assets under custody (AUC) of FPIs domiciled in Canada stood at nearly Rs 1.8 trillion ($21 billion) at the end of August. Almost 85 per cent of these investments are in listed equity, while the remaining in debt and hybrid instruments.
The sanction to hand over the plot of about 50 acres in Indri village of Nuh to the Rapid Action Force came earlier this week.
India claimed the team dressage gold in equestrian sport at the Asian Games in Hangzhou on Tuesday, breaking a 41-year-old jinx at the continental event.
As the fire at a Bhandup mall which claimed the lives of nine COVID-19 patients admitted at the hospital in the same building was finally doused on Saturday, a case has been registered against HDIL promoter Rakesh Wadhawan and five others for 'culpable homicide'.
Microsoft chairman and CEO Satya Nadella on Tuesday said there is a tremendous momentum in cloud adoption, as he termed cloud a "big game changer". Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. He is also scheduled to visit Delhi and Bengaluru this week, and will be meeting key customers, startups, developers, educators and students during his India visit.
Mumbai and New Delhi figure among 95 world cities identified by the United Nations as those moving towards prosperity.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
Be it roads, railways, ports, civil aviation, energy or electricity, the Narendra Modi govt has invigorated all these sectors since it took over, says Arvind Panagariya.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Congestion on Mumbai roads has become chronic.
Announcing the bi-monthly monetary policy, Reserve Bank of India Governor Shaktikanta Das said the RBI's internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook.
'Certain groups should be more cautious, especially the 60-plus population, and the population which suffer from co-morbidities like diabetes and hypertension.'
'Considering Mumbai's population density, one can expect to see more positive cases in areas like Dharavi in the days to come.' 'That is the challenge before the public health infrastructure and preparation of the city in dealing with such crises.'
'Areas within 100 km of the landfall could suffer catastrophic effect.'
The promptness with which the railways renames stations, that is missing when it comes to providing commuters with basic facilities, says Neeta Kolhatkar.
Maharashtra Chief Minister Eknath Shinde on Wednesday said Memorandums of Understanding worth Rs 1.37 lakh crore have been signed at the World Economic Forum (WEF) annual meeting in Davos in Switzerland and termed it as a "big achievement". This will generate employment for one lakh people, said Shinde, who was in Davos to seek investments in Maharashtra. "The MoUs will not remain just on paper," he said, adding that foreign investors have shown trust and faith in the state government.
'They are doing a good surveillance job.' 'It is not easy to undertake this task on such a huge scale given the risks.' 'But home quarantine is not effective.' 'Only institutional quarantine can bring good results.'
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
'Baseball/softball, cricket (T20), flag football, lacrosse (sixes) and squash will be in the programme at LA28.'
Thackeray was speaking virtually after the inauguration of a water taxi service, linking Navi Mumbai to south Mumbai, and the Belapur jetty in the neighbouring township.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
The government has also set targets for the next 25 years. We are working on the target of becoming a $5-10 trillion economy as well as taking exports to a record high, he said.
Prime ministers turning up with such frequency to launch trains is an indication of the political mileage resident in public transport. Will our railways step out of the government's shadow? After all, they are the ones manufacturing trains and running them, notes Shyam G Menon.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Prime Minister Manmohan Singh on Friday inaugurated Mumbai airport's integrated terminal, T2, which will boost the airport capacity to 40 million.
The death toll due to COVID-19 rose to 543 and the number of cases climbed to 17,265 in the country on Monday, according to the Union health ministry.
The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.
Mumbai gets India's first double decker flyover.
Anuj Puri, chairman and country head at JLL India explains the dynamics of the city's real estate.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
In a setback to Tata Power, the Supreme Court on Wednesday dismissed the company's challenge to the Maharashtra Electricity Regulatory Commission's (MERC's) decision to award a Rs 7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity. The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy. The verdict has implications for the Mumbai power market, said Ashok Pendse, an energy expert based in the city.
