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A general view of the upcoming coastal road in Mumbai. | Photo Credit: Reuters Brookfield Corporation, a Toronto-based investment firm committed to investing in Mumbai’s infrastructure development at the World Economic Forum at Davos, according to a statement from MMRDA. The commitment which is nearly ₹1.03 lakh crore will involve investments in Mumbai’s road, bridge metro,…
Image used for representative purpose only. | Photo Credit: Reuters The National Company Law Tribunal on Wednesday (January 29, 2025) ordered a disciplinary proceeding against Byjus’ resolution professional and nixed his direction to exclude Glas Trust and Aditya Birla Finance from the edtech’s Committee of Creditors. Passing an order, the Bengaluru bench of the National…
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Britain’s Chancellor of the Exchequer Rachel Reeves speaks in Eynsham, England on January 29, 2025. | Photo Credit: AP Following months of poor economic growth numbers and depressed business sentiment following a tax hike announced in her October budget, U.K. Chancellor Rachel Reeves signalled on Wednesday (January 29, 2025) that Britain was not destined to…
Read More “U.K. Chancellor backs third Heathrow runway, cuts regulation in a bid for growth” »
Image used for representational purpose only. | Photo Credit: Shiv Kumar Pushpakar The Centre on Wednesday (January 29, 2025) urged airlines to maintain “reasonable fares” for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the…
Read More “Centre asks airlines to slash airfares for Kumbh Mela” »
Image used for representational purpose only. | Photo Credit: Shiv Kumar Pushpakar The Centre on Wednesday (January 29, 2025) urged airlines to maintain “reasonable fares” for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the…
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Stepping out of the post-war transition, India’s Finance Minister Mr. C.D. Deshmukh’s Union Budget 1955-56 laid the foundation for the country’s industrialisation. Closing out the First Five-Year Plan, the Budget reflected an increasing tempo of Government expenditure, reported The Hindu on February 28, 1955. Delivering his seventh budget speech, Mr. Deshmukh presented the document in…
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FIIs offloaded equities worth ₹4,920.69 crore on Tuesday (January 28, 2025), according to exchange data. File | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty surged nearly 1% on Wednesday (January 29, 2025), buoyed by a rally in IT, capital goods and industrial stocks amid a firm trend in global markets. The 30-share…
Read More “Sensex, Nifty surge nearly 1% on buying in IT stocks, firm global cues” »
The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 against dollar. File | Photo Credit: Reuters The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 (provisional) against…
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Union Minister Ashwini Vaishnaw. File | Photo Credit: Sandeep Saxena Union Cabinet on Wednesday (January 29, 2025) approved higher ex-mill price for ethanol derived from C heavy molasses at ₹57.97 per litre, up by ₹1.69, for the 2024-25 period ending October 31 this year. The prices for ethanol produced from B heavy molasses and from…
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Sanjiv Puri, Chairman, ITC Hotels Ltd. “ITC Hotels is committed to achieving new global benchmarks in hospitality while staying rooted in its vision of sustainability and inclusivity”. File photo | Photo Credit: PTI ITC Hotels, the new entity formed consequent to demerger of ITC’s hospitality business, got listed on the stock exchanges Wednesday (January 29,…
Read More “ITC Hotels debuts on bourses, set to expand portfolio to over 200 hotels in 5 years ” »