News that keep you updated
NEW DELHI: Railways has proposed two major amendments to its over a decade-old public private partnership (PPP) policy to bring greater certainty in recovery of private investment and reduce risk. The changes will include offering a 50-year concession period and railways taking the entire responsibility of land acquisition.Officials said the revised policy is crucial, considering…
NEW DELHI: India’s official statistical machinery is set to better its estimation of district domestic products (DDP), with the availability of more granular data in the new GDP series, statistics secretary Saurabh Garg told TOI.“We have given more focus on having more granular data in this series, so that state domestic products are captured much…
US financial services company Charles Schwab has leased about 340,000 sft of office space in Hyderabad, with capacity to accommodate around 2,000 employees, according to documents sourced from real estate analytics platform Propstack.The brokerage firm had earlier incorporated a new legal entity, Charles Schwab Services India (Schwab India), and established an employment centre in Hyderabad.“The…
Stranded UAE Workers: What Happens to Your Job and Salary Amidst Regional Instability? Thousands of residents across the United Arab Emirates have recently found themselves unexpectedly stranded outside the country due to flight disruptions, airspace closures and regional instability amid Iran vs US-Israel war. For many employees working in the UAE, the sudden inability to…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
NEW DELHI: Air India announced on Sunday that it will operate 78 additional flights on nine international routes between March 10 and 18. The move aims to offer more travel options amid disruptions caused by the ongoing conflict in the Middle East.According to the airline, these flights will link Delhi with New York, London, Frankfurt,…
Prime Minister Narendra Modi on Sunday inaugurated two new metro corridors, making Delhi home to India’s first fully operational Ring Metro. Alongside these, the PM also other unveiled major infrastructure projects, marking a significant boost to the city’s public transport and housing networks. The total investment across these projects is around Rs 33,500 crore, including…
As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at…
Foreign portfolio investors (FPIs) turned heavy sellers in Indian equities during the first week of March, pulling out nearly Rs 21,000 crore (about $2.3 billion) over four trading sessions as global risk appetite weakened amid escalating tensions in the Middle East The withdrawals came between March 2 and March 6 in the cash market. Trading…
Dalal Street ended last week in red with eight of India’s ten most valuable companies together losing Rs 2,81,581.53 crore in market value. State Bank of India emerged as the biggest laggard during the period. The broader market also saw heavy selling pressure. The BSE benchmark index dropped 2,368.29 points, or 2.91%, over the week….
