Chennai’s Chief Minister M K Stalin recently met with Prime Minister Narendra Modi to discuss delays in the second phase of the Chennai Metro Rail project. He urged for prompt approval of a shared funding agreement between the central and state governments, similar to what was established for phase one. The project completion has been ...
Tamil Nadu Chief Minister MK Stalin recently met Prime Minister Narendra Modi to address crucial pending issues, particularly the funding for the Chennai Metro Phase-II project. CM Stalin highlighted the urgent need for the release of funds, as the state has already invested Rs 18,544 crore, but financial delays have stalled progress. He emphasized that ...
Tamil Nadu Chief Minister M K Stalin recently met with Prime Minister Narendra Modi to discuss important issues facing the state. During their meeting, he requested the prompt release of pending funds for various welfare programs, including the second phase of the Chennai Metro project, highlighting that other states have already received their allocations. Stalin ...
Tamil Nadu Chief Minister MK Stalin is set to meet Prime Minister Narendra Modi in Delhi to request the release of funds that have been withheld by the Union Government. This visit aims to address critical financial support for projects like the Chennai Metro Rail Phase II and the Smagra Shiksha Abhiyan (SSA) programme. The ...
 "SpiceJet settles salary debts and faces operational turmoil, despite raising funds, while market share continues to plummet dramatically.")
SpiceJet, a low-cost airline in India, has cleared all pending salary dues for its employees after raising Rs 3,000 crore through a qualified institutional placement. However, it has recently faced significant financial challenges, including a decline in Market share from 5.6% in January 2023 to just 2.3% in August 2024. The airline owes Rs 3,700 ...
On September 23, 2024, Chief Minister Mamata Banerjee urged the central government to allocate a portion of election campaign funds for flood relief in West Bengal. After assessing the severe flood damage in East Burdwan, she emphasized the need to include destroyed mud houses in the upcoming housing construction plans. Banerjee also called for surveys ...
 "Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.")
Equity mutual funds (MFs) in India are experiencing remarkable growth, with inflows reaching Rs 37,113 crore in July, the second-highest monthly total ever. The investor base is expected to surpass 50 million by September, with over 10 million new investors joining in just a year. This surge is fueled by a strong equity Market performance ...
 "Overseas funds are surging back into India’s trillion market, driven by political stability and promising growth prospects.")
Overseas funds are making a strong comeback in Indian stocks, as net foreign purchases reach $8.5 billion this quarter, the highest since mid-2023. Investors are encouraged by Prime Minister Narendra Modi’s stable government and India’s growing economy, which is set to become the third-largest globally by 2028. Despite Indian equities being pricier than many emerging ...
 "Adani Group denies involvement in Swiss court proceedings amid allegations of frozen funds linked to money laundering investigations.")
The Adani Group has firmly stated that it is not involved in any Swiss court proceedings, following claims by Hindenburg Research. The U.S.-based firm suggested that Swiss authorities had frozen over $310 million of Adani’s assets related to a money laundering and securities forgery investigation. This assertion was supported by Swiss court records detailing investments ...
 "A Kenyan court halts Adani’s 30-year airport lease amid constitutional challenges, sparking dramatic controversy over public funds and governance.")
A Kenyan court has halted a government agreement that would allow India’s Adani Airport Holdings Ltd. to manage Nairobi’s main airport for 30 years. This legal decision comes as concerns arise over whether leasing Jomo Kenyatta International Airport (JKIA) to a private entity aligns with Kenya’s constitutional principles regarding good governance and accountability. Critics argue ...
