Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The ‘Report on Municipal Finances’ delves into the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 (Budget Estimates),…
Tomato retail prices have dropped by more than 22 per cent to Rs 52.35 per kg as of November 14, 2024, primarily due to robust supply, according to a statement released by the Department of Consumer Affairs on Sunday.Additionally, the all-India average retail price of tomatoes has decreased by 22.4 per cent in a month,…
Fast food giant McDonald’s is investing $100 million to bring back customers after an E. coli outbreak linked to onions in its Quarter Pounder hamburgers. The investment includes $65 million allocated directly to the franchises most affected by the outbreak, the company stated.The US Centers for Disease Control and Prevention had earlier stated that slivered…
NEW DELHI: Delhi-NCR ranks as the sixth costliest office location in the Asia Pacific region, with average monthly rentals of Rs 340 per sq ft, whilst Mumbai holds the eighth position, according to Knight Frank India‘s latest Asia-Pacific Prime Office Rental Index for Q3. Hong Kong SAR maintains its position as the region’s most expensive…
NEW DELHI: Rolled steel products manufacturer Aditya Ultra Steel Ltd has reported a net profit of Rs 5.87 crore for April-September period of 2024-25 and also announced setting up a 5 MW solar plant at Rajkot in Gujarat. The company in a statement on Saturday said its revenue from operations stood at Rs 312.39 crore…
A recent report released by Deutsche Bank revealed that Indian equity markets have outperformed China’s equity markets since 2000.The report noted that, despite China’s rapid economic growth, its equity market performance has been comparatively average, with real returns averaging just 4.0 percent per annum.India, on the other hand, has emerged as a leader among both…
NEW DELHI: Foreign portfolio investors (FPIs) exodus from the Indian equity market slowed down to RS 2,426 crore during the second week of November, according to the data of National Securities Depository Limited (NSDL) data. FPIs have withdrawn Rs 22,420 crore in November thus far, with Rs 19,994 crore sold in the first week. This…
NTPC Green Energy Ltd (NGEL), a fully owned subsidiary of NTPC Ltd, is set to launch its initial public offering (IPO) on Tuesday, November 19. As of September 2024, it stands as the largest renewable energy public sector enterprise (excluding hydro energy) in terms of operating capacity.In SBI’s latest securities report, experts suggest subscribing to…
NEW DELHI: India stands to play a pivotal role in supporting the US renewable energy sector with its large-scale manufacturing capabilities, competitive production costs, and a strong STEM talent pool, highlighted a report by ValueQuest Investment. The report noted that as the United States navigates the complexities of energy policy under the Trump administration, the…
NEW DELHI: Venture capital fund General Catalyst, which has invested in companies like Zepto, Spinny and Cred, is looking to invest $800 million to $1 billion over the next three years in Indian startups.Having just closed $8-billion fund, it is eyeing investments in manufacturing, fintech, healthcare, energy transition and artificial intelligence (AI) and defence, said…
