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Reuters

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Samajwadi Party declared the highest assets among regional parties in the year 2021-22, followed by the Bharat Rashtra Samithi, a report by a democratic reform think tank said.
According to Association for Democratic Reforms, during the financial year 2020-21, SP declared assets totalling Rs 561.46 crore, which increased by 1.23 per cent to Rs 568.369 crore in 2021-22.
The party was followed by BRS which declared total assets of Rs 319.55 crore in FY 2020-21 and Rs 512.24 crore in FY 2021-22.
Between the two years, the total assets of DMK, BJD, and JD(U) increased by 95 per cent.
The Dravida Munnetra Kazhagam declared assets worth Rs 115.708 crore in 2020-21, which increased by 244.88 per cent to over Rs 399 crore in 2021-22.
The Biju Janata Dal had declared assets worth over Rs 194 crore in 2020-21, which increased by 143 per cent to Rs 474 crore in 2021-22, while JD(US) declared assets worth Rs 86 crore in 2020-21, which went up by over 95 per cent to Rs 168 crore in 2021-22.
I

Samajwadi Party president Akhilesh Yadav addresses a press conference

Press Trust of India

Car care services start-up Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said.
Park+ Founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024.
The Epiq Capital backed company has raised USD 55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.
"We want every service related to cars and car owners to be available on our platform. We are providing parking, car cleaning and repair services etc through the app. Roughly every 4th car in India is on Park+. We expect to turn profitable by the January-March 2024 quarter," Lakhotia said.
He said that Park+ has services now available at over 7,000 locations in 30 cities and there is no user acquisition cost now for the company.
"We expect to post revenue of Rs 200 crore this fiscal. W

rupee, loan, indian rupee

The government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said.
The remaining are either pending or withdrawn or rejected by the government.
In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the COVID-19 pandemic.
Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.
As per that decision, FDI proposals from these countries need government approval for investments in India in any sector.
After that press note, "proposals worth about Rs one lakh crore have come in and in that, 50 per cent have been cleared and the rest are either pending or withdrawn o

Delhi airport operator DIAL plans to levy higher charges from airlines for grounded aircraft as they occupy available parking space and impact overall operational efficiency, amid rising instances of grounding of planes due to technical and other issues.
"We are planning that in the next traffic calculation, we are going to request that for people who are grounding (aircraft) here for more than a certain period, there should be some sort of higher charges because otherwise it disturbs the operations of other airlines," Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar told PTI in an interview.
Jaipuriar, who is in charge of the country's largest airport, was responding to a query on whether the operator will look at levying higher charges from airlines for aircraft that are grounded at the airport.
The next traffic review of the airport is to happen early next year.
As many as 64 planes of various airlines, including IndiGo, SpiceJet and Air India, were grounded at t

Airports, nearby areas may not get 5G network services anytime soon

Airlines, airport, aviation, flights

Realty firm Godrej Properties net debt rose 17 per cent in the July-September quarter to Rs 6,174 crore mainly due to fund acquisition of land parcels.
According to its investors presentation, the net debt of Mumbai-based Godrej Properties stood at Rs 6,174 crore as on September 30, 2023. Its net debt was Rs 5,298 crore as on June 30, 2023 and Rs 3,649 crore at the end of the last fiscal.
Last month, Godrej Properties Executive Chairperson Pirojsha Godrej had said that the net debt has risen because of aggressive land acquisitions done by the company since last April.
Most of the land acquisition has been done outright which requires upfront payment, he had said.
However, Pirojsha Godrej maintained that the debt position is comfortable as the net debt-equity ratio is 0.65.
During the last financial year, Godrej Properties acquired multiple land parcels across various cities to develop housing projects that can generate a revenue of Rs 32,325 crore.
In the current fiscal, the comp

Real Estate, Realty sector, Construction, Realty

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes

Economic growth

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

Bloomberg

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said.
Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI.
As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels.
Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years."
When asked about sales

Pepe Jeans, Jeans

It's counter-intuitive, but Modi's own popularity has grown with the length of his tenure. He had always seemed the front-runner by some distance for 2024, and this gives him more tailwind

Prime Minister Narendra Modi, PM Modi

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards  offer great value to those who lead a luxurious lifestyle

Credit card

Chief Minister Arvind Kejriwal on Wednesday said an audit of the Delhi Jal Board's records by the Comptroller and Auditor General (CAG) has been ordered to ascertain whether there has been any irregularity.
Interacting with reporters, he warned that there could be a water and sewage crisis in Delhi in the coming days owing to the non-release of funds.
A couple of weeks ago, Delhi Water Minister Atishi had claimed the national capital was staring at a 'man-made water crisis' due to the stoppage of funds to the Delhi Jal Board by the finance department and demanded Lt Governor V K Saxena's immediate intervention in the matter.
Kejriwal, on Wednesday, said, "We have ordered a CAG audit of the last 15 years of records of the Delhi Jal Board. CAG is a third party and the biggest agency in the country. Things will become clearer now."
"If someone has committed irregularities, they should be punished. If no irregularities have been committed, then those who level baseless allegations will

Arvind Kejriwal, Chacha, Madhya pradesh election

BSP chief Mayawati Wednesday said neither the freedom fighters nor the architect of the Indian Constitution Bhimrao Ambedkar would have thought that more than 81 crore poor people of the country would be dependent on free foodgrains from government as she slammed the Centre for rising inflation.
Paying tributes to Ambedkar on his death anniversary, she said the condition of the poor, labourers, farmers, small businessmen, and the middle class could have been improved considerably had the Constitution been implemented in the right manner.
"Immense reverence to Bharat Ratna Babasaheb Bhimrao Ambedkar, the messiah of the poor, labourers, Dalits, tribals and backward classes of the 140-crore strong India and the architect of the country's humanitarian and egalitarian constitution, on his death anniversary," Mayawati said in a post on X.
On the occasion, she, however, took potshots at the Union government, saying neither the freedom fighters nor Ambedkar could have thought of the plight 

Mayawati

Shark Tank 2 Winner Patilkaki.com Closes Pre-Series A Funding Round with Cap70 Angels, Bestvantage Investments

Adani Green Ltd

Service will help debt recovery by providing information about each stage of delinquent cases

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Kejriwal directs audit of DJB by CAG amid allegations of financial bungling

810 mn dependent on free foodgrains from govt due to inflation: Mayawati

Shark Tank 2 Winner Patilkaki.com Closes Pre-Series A Funding Round with Cap70 Angels, Bestvantage Investments

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

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