PPP
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
Who is Marisela Nuno? California woman, 53, charged with wire fraud and money laundering in $18 million COVID relief case
In a startling development, Marisela Nuno of Los Angeles has been indicted for allegedly frauding federal programs out of $18 million. She purportedly submitted misleading information across various applications aimed at pandemic relief. Currently facing three wire fraud charges and one related to money laundering, Nuno risks a lengthy prison term if convicted. The investigation into her actions underscores the serious issue of pandemic relief fund exploitation.
Inside Park Hospitals' regional playbook: Why North India depth matters more than national reach
Park Hospitals is on an ambitious expansion journey, targeting around 6,600 beds by December 2028 across North India. Their strategy focuses on building hospitals in close proximity for better operational efficiency. The new Prayagraj initiative underscores a successful public-private partnership and illustrates their commitment to enhance healthcare capacity, ultimately improving patient care and resource management in the region.
India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank
India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, particularly among rural women, which contributed to this progress. However, youth unemployment has also risen, particularly among young rural women. The report highlights the need for productive employment opportunities to continue reducing poverty.
UP Cabinet approves robotics, AI park in Greater Noida
The Uttar Pradesh Cabinet has approved the establishment of a robotics and AI park in Greater Noida. This park is expected to generate over one lakh jobs and significantly contribute to the state's economy. It will be developed in two zones, focusing on indigenous manufacturing and AI technology advancement. The first zone will operate under a public-private partnership model, aiming for commercial operations within 36 to 48 months.
NDMC proposes hike in parking fees across Lutyens’ Delhi, 100% surcharge on cash payments
New Delhi Municipal Council plans to increase parking fees for vehicles in Lutyens' Delhi. Off-street and on-street parking tariffs will see significant hikes along with monthly pass costs for cars and two-wheelers. A 100% surcharge on cash payments aims to promote digital transactions among motorists. The proposal includes upgrading parking facilities with advanced technology to facilitate digital payments.
Railways plans container transport overhaul to attract more export cargo
Indian Railways is implementing changes in container transport to enhance export traffic and streamline operations. The initiative includes exemption from mandatory weighment and introducing mini container rakes for higher value commodities. Additionally, the Railways is considering allowing private sector maintenance of wagons to improve efficiency. Hub and spoke terminals will be expanded to offer better consolidation of containers for freight transport.
Essar Ports gets nod to develop Rs 2,276.06 crore multipurpose cargo terminal at Kandla
Essar Ports has been approved by Deendayal Port Authority to develop a cargo terminal at Tuna Tekra. The project, costing Rs 2,276.06 crore, will be built under a Build, Operate and Transfer model. It will have an annual capacity of 18.33 million tonnes and accommodate large vessels. Development includes common-user infrastructure, which aims to improve efficiency and connectivity. Essar Ports currently operates around 60 million tonnes capacity across multiple locations.
Deendayal Port Authority issues LoA to Essar Ports Ltd. to develop Multi-Purpose Cargo Terminal at Tuna Tekra
Deendayal Port Authority has issued a Letter of Award to Essar Ports Ltd. for developing a Multi-Purpose Cargo Terminal. This terminal will be located at Tuna Tekra port in Gujarat and is part of a Public-Private Partnership initiative. The project will operate on a Build-Operate-Transfer basis for a 30-year concession period. Essar Ports emerged as the highest bidder, offering a royalty to DPA.
In 2012, Evan LaBelle started 3D printing when he was in high school; today he runs a 12,000-square-foot factory with over 200 3D printers
At just 12 years old, Evan LaBelle discovered his passion for 3D printing, which ultimately led him to establish Autotiv Manufacturing. His company currently boasts an expansive production facility equipped with over 200 3D printers, catering to the aerospace and robotics sectors. Honored as Young Entrepreneur of the Year, LaBelle is celebrated for his innovative contributions and dedication to community.
Railway panel to examine 21 issues, including passenger safety and station upgrades
The Parliamentary Standing Committee on Railways has identified 21 issues for examination in the upcoming financial year. These issues include passenger safety, public facilities, and operational improvements. Additionally, the committee will evaluate business-related activities like land utilization and development of station areas. The government plans to invest in seven high-speed rail corridors to enhance rail connectivity across India.
Tug-of-War: States asked to waive stamp duty on road projects
The road transport and highways ministry is recommending that states eliminate stamp duties on highways. States argue that linking stamp duty to project type and value could generate substantial revenue. Authorities emphasize that varying stamp duty creates compliance challenges and contractual ambiguity for contracts.
‘Rs 3.5 lakh weekly rental for a 3BHK’: Man compares expensive living costs in Europe with India after his one-week stay in a Barcelona Airbnb
Indian founder shared a video of his three bedroom Airbnb in Barcelona after the one week stay cost him Rs 3.5 lakh. His walkthrough of the apartment, paired with his comments on cost of living in Europe, sparked a debate online, with several users questioning the comparison he drew with India.
RBI remains cautious on crypto, backs underlying technology: Governor Sanjay Malhotra
India's cautious approach towards cryptocurrencies emphasises the importance of underlying technologies like distributed ledger and tokenisation. RBI Governor Sanjay Malhotra expressed concerns regarding monetary sovereignty and its effects on capital flows. While domestic payments are efficient, challenges remain in cross-border transactions, which may benefit from central bank digital currencies. The rising public debt and bond yield movements reflect the increased spending attributed to artificial intelligence.
Pak government holds talks with Imran Khan's party to defuse tensions ahead of long march to Islamabad
Tensions in Pakistan are rising as the federal government and Pakistan Tehreek-e-Insaf party enter dialogue aimed at de-escalation. Central to the discussions is the party's upcoming long march scheduled for October 4. Significant demands include a chance for Imran Khan to meet with officials and better medical provisions for his family.
Meghalaya tourism crosses 75,000 livelihoods, eyes year-round growth on World Tourism Day
In celebration of World Tourism Day 2026, Meghalaya is embracing a sustainable tourism model that prioritizes community involvement. This initiative is designed to stimulate local economies while ensuring eco-friendly practices. To achieve this, the state is focusing on homestays, rural cooperatives, and significant infrastructure developments, creating vibrant year-round tourism hubs. Integrating technology and cultural events will further enrich this dynamic ecosystem.
Nitin Gadkari launches Mukhyamantri Sugam Parivahan Bus service, PM E-Bus Sewa in MP
Madhya Pradesh has introduced the Mukhyamantri Sugam Parivahan Bus service and PM E-Bus Sewa recently. This initiative provides a state-run bus service after 21 years, enhancing public transportation. The service operates 351 buses through a public-private partnership in seven cities. This will significantly improve bus connectivity for residents in urban and rural areas. The launch coincided with the birth anniversary of Pandit Deendayal Upadhyaya.
Krsnaa Diagnostics shares surge 11% after securing 15-Year Punjab PET-CT Deal
Krsnaa Diagnostics shares surged after the company signed a 15-year concession agreement with Punjab Health Systems Corporation. The pact marks its entry into PET-CT diagnostics, with the company set to develop and operate facilities at four government hospitals in Punjab under a PPP model.
Govt constitutes task force to bring back Formula 1 to India
A government task force will examine reviving Formula One and motorsports in India. This group will assess taxation issues and other growth challenges for the sector. It will also evaluate potential international and economic benefits of hosting motorsport events. The task force will identify infrastructure needs and policy frameworks for sustainable development. This initiative considers bringing Formula 1 back to the Buddh International Circuit.
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