The state cabinet on Thursday approved the release of Rs 115 crore from the state plan fund to the Patna Metro Rail Corporation (PMRC) for implementing the primary corridor of the Patna Metro project. A portion of these funds will be used by the Delhi Metro Rail Corporation (DMRC) for track work, lift and escalator installations as well as the supply of train sets.
Open FlipAt a recent CNBC TV18 event, Piyush Goyal, Minister of Commerce and Industry, said the Reserve Bank of India needs to cut interest rates. On the other hand, RBI Governor Shaktikanta Das remains non-committal. This sparked a debate between the government and the central bank on the ideal interest rate.
Open FlipZinka Logistics Solutions Ltd shares are trading flat in the grey market amid broader market weakness. In its last two days of subscription, the initial public offer of the company providing a digital platform for truck operators has been subscribed 32 percent. The Rs 1,115-crore IPO (Initial Public Offer) is available at a price range of Rs 259-273 apiece for public subscription during November.
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