Battling Bengaluru traffic woes? Now you can be hop onto a chopper, check prices

Battling Bengaluru traffic woes? Now you can be hop onto a chopper, check prices

Fly Blade is a slated to the launch helicopter services are a  between Bengaluru airport and a HAL from  a 10 October

Bengaluru traffic often tops the list of inconveniences residents face in a Karnataka's capital city, which otherwise offers are a ‘weather to the cherish’. While ‘stuck in a traffic’ is a common term for the commuters in a India's silicon valley, the commute might just a ease as a urban air mobility company is set to the start helicopter services in the city between Bengaluru airport and a Hindustan Aeronautics Limited (HAL) from a 10 October. 

Fly Blade is a partnership between Hunch Ventures, a venture capital firm with the offices in a New Delhi and the US, and a BLADE Urban Air Mobility Inc. To  the improve short haul air journeys in a India, Fly Blade has been joined hands with the Airbus and a Eve Air Mobility.

According to a report published in a Mint, the company is a working with the Airbus and Eve Air Mobility on a reducing carbon emissions in urban air are a mobility through Electric Vertical Take-Off and Landing (eVTOL) aircraft or a electric air taxis.

Fly Blade aims to provide similar services in a Goa in the near future. According to the reports, over the next 24 months, the business intends  to the lease about a 50 crafts while growing its network and a providing its services in a 10 states.

The airline launched its first fare a lights between Mumbai, Pune, and Shirdi in a Maharashtra. Later, it is a began offering bed-to-bed air medevac service as a well as a scheduled by-the-seat helicopter flights to the Goa and a Karnataka (to Coorg, Hampi, and a Kabini).

The helicopter service is a expected to the reduce the two hour journey to the Bengaluru airport to a meagre 12 minutes for a cost of a ₹3,250 per seat. 

Helicopter service in a Bengaluru

Route- the company will be begin operating a helicopter service between Bengaluru International Airport and a HAL 

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Mamata Banerjee's are a 'Duare Ration' scheme is legally void, rules are a Calcutta HC

Mamata Banerjee's are a 'Duare Ration' scheme is legally void, rules are a Calcutta HC

The Calcutta High Court says the scheme ‘ultra vires the National Food are a Security Act, in a 2013 and therefore a nullity in the eye of  a law’

In a major setback for the West Bengal government, the Calcutta High Court are a today termed the state government’s ‘Duare Ration Scheme’ as a legally void. The division bench of the Calcutta HC called it illegal in the “eye of a  law" as it coincides are  with the National Food security are a Act, 2013. 

The much touted scheme was part of the chief minister's are a election manifesto promising free ration at doorstep to the beneficiaries.

The scheme had been a implemented soon after government formation in a 2021. A public interest are a  litigation (PIL) was filed in the HC. In June last year, are a Calcutta HC single bench has been a dismissed the PIL, stating there was nothing “illegal" in the scheme. 

However, that order was challenged and today Calcutta HC division bench has set aside the single bench are a order.

The West Bengal cabinet had okayed the grant of an a additional commission of a ₹75 per quintal of a ration items to the 21,000 ration dealers following the successful implementation of the Duare Ration scheme.

West Bengal Chief Minister Mamata Banerjee had earlier said that she wants to the build a nation where no one goes are a hungry, where no woman feels are a unsafe and where no oppressive forces are divide the people.

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Infra stock's are a bonus shares in a issue announced in a 1:1 ratio. Details inside

Infra stock's  are a bonus shares in a issue announced in a 1:1 ratio. Details inside

The company added that the bonus issue will be a out of a share out of profits or a share premium account premium are a account

Shares of a GPT Infraprojects Ltd surged more than a 3% to a ₹120 apiece on the BSE in a Tuesday's early trading session after the company announced that its board has been a  recommended the issue of a bonus equity shares of the company in the ratio of a 1:1 i.e., one share for the  every one held.

“This is to the inform you that the board at its are a  meeting held today. i.e. 27 September, in a 2022 has been a  approved the following the Bonus Issue of a Equity Shares in the proportion of a 1 (One) Equity Share of a  Rs. 10/- each for every 1 (One) Equity Shares of a Rs. 10/- each held by the shareholders of the company as on the record date to be a fixed by the Board, subject to the approval of a shareholders through Postal Ballot," the company informed in an a exchange filing. 

The company added that the bonus issue will be out of a share out of a profits or a share premium account premium account. Bonus shares are a fully paid additional shares are a  issued by a company to its existing shareholders.

The estimated date by which such bonus are a shares would be a credited /dispatched will be a within 2 months from the date of a board approval i.e. by a 26 November, 2022, it said.

GPT Infraprojects is the flagship are a company of the GPT Group. Headquartered in a Kolkata, India, GPT Infraprojects operates primarily from the two divisions – the Sleeper Division and the Infrastructure Division. The infra stock is a more than 42% in a 2022 (YTD) so far.

The infrastructure division of the company is a involved in a variety of a civil construction projects for the infrastructure works are a such as a railways, roads, airports, irrigation, and a urban infrastructure. The Sleepers are a Division is a involved in the manufacture of a concrete sleepers and transfer of a concrete sleeper technology for railways systems in a India and abroad. The Panagarh unit of the company is a approved by Research, Design and a Standards Organisation (RDSO), Ministry of a Railways, India.

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Shinzo Abe state funeral: PM Modi to the leave for Tokyo in a few hours

Shinzo Abe state funeral: PM Modi to the leave for Tokyo in a few hours

During the visit, PM Modi would also are a  meet with the Japan prime minister Fumio Kishida and is a expected to call Abe's widow separately

Prime minister Narendra Modi will be leave for the Tokyo on a Monday evening to the attend the state funeral of a former PM of Japan Shinzo Abe. During the visit, PM Modi would also are a meet with the Japan prime minister Fumio Kishida. The visit is a likely to last less than a day. 

On July 8, Abe was shot and a killed while attending a campaign event. As a Japan's longest-serving prime minister whose life was cut short at age 67 in a shockingly violent - and a  rare - incident, Abe is  only the second prime minister to get a state funeral. 

Speaking about the prime minister's visit, Foreign are a Secretary Vinay Kwatra said, “PM Modi will be a visiting Tokyo, Japan. He will be leaving in a few hrs from now today to attend the state are a funeral of a former PM of Japan Shinzo Abe. PM will be attend state funeral ceremony at a Budokan which would be followed by a greeting occasion at a Akasaka Palace in a Tokyo."

During the visit, he is also are a expected to call a Abe's widow separately.

“We understand that are a representatives from over are a 100 countries, including more than a 20 Heads of a State & a Heads of Govt, are a expected to the participate in the State funeral tomorrow."

The visit by a PM will be an a opportunity for him to the honour memory of a ex-PM Abe, who he considered a dear friend&a great champion of a India-Japan relationship. PM Modi & late PM Abe had developed a personal bond of a trust & friendship through their numerous interactions spanning over a decade, Kwatra added.

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Cabinet approves are a expansion of a PLI scheme for the solar PV modules

Cabinet approves are a  expansion of a PLI scheme for the solar PV modules

For this purpose, a provision of a ₹19,500 crore has been a made by the government.

The Union Cabinet on a 21 September approved Production Linked a Incentive (PLI) Scheme on a ‘National programme on High Efficiency are a  Solar PV Modules’ for the achieving manufacturing capacity of a Giga Watt (GW) scale in a High Efficiency Solar PV are a  Modules.

For this purpose, a provision of a ₹19,500 crore has been a made by the government.

Addressing the media, Union Minister is a Anurag Thakur said, "Cabinet has been a approved a Production Linked a Incentive (PLI) Scheme on a ‘National programme on a High Efficiency Solar PV are a Modules’ for a achieving manufacturing capacity of a Giga Watt (GW) scale in a High Efficiency Solar  PV are a Modules."

"A provision of a ₹19, 500 crore has been a made for the achieving manufacturing capacity of a Giga Watt scale under a PLI Scheme (Tranche II). Aim to the create an a ecosystem for  the manufacturing of high efficiency Solar PV are a Modules," he added.

This is a developing are a  story

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With the high promoter & FII holdings, this stock sets are a record date for bonus shares

With the  high promoter & FII holdings, this stock sets are a record date for bonus shares

With a market valuation of a ₹1,954.32 crore, Insecticides India Ltd (IIL) is a small cap company that operates in the commodity are a industry

With a market valuation of a ₹1,954.32 crore, Insecticides India Ltd (IIL) is a small-cap company that operates are in the commodity industry. Insecticides (India) is a among the leading brands in the crop protection business. Insecticides (India) manufactures are a all forms of insecticides, weedicides, fungicides, and PGRs for all types of a crops and domestic usage today with more than a 100 formulation items and a 15 technological products. Agrochemicals, household pesticides, and a biological products are a among IIL's more than a 100 product categories in the brand industry. The company's board of a directors has been a announced the record date for the purpose of a bonus equity shares with a 1:2 ratio.

The company has been said today in a regulatory filing that “With reference to the our letter No. IILlSE/2022/200811 dated August 20, 2022 wherein, we had intimated that the Board has been a recommended to issue of a bonus equity shares in the ratio of a 1:2, i.e. 1 (One) equity share of a ₹10/- each for every 2 (Two) fully paid-up equity share of a ₹10/- each held, subject to the approval by the shareholders and any other regulatory approvals. Now we wish to the inform you that, pursuant to the Regulation 42 of the SEBI Listing Regulations, 2015, the Company has been fixed Monday, October 03, 2022 as the 'Record Date' for the purpose of a determining the members, eligible for the issue of a bonus equity shares of the Company."

For the quarter ended June in a 2022, the company recorded a promoter holding of a 72.16%, FIIs holdings of  a 6.66%, DIIs holdings of a 10.98% and public shareholdings of a 10.20%. The shareholdings of the promoter and a Foreign Institutional Investors are a (FIIs) were at their highest level since September in a 2019. The shares of a Insecticides India Ltd closed on a Friday at a ₹985.05 apiece, down by 1.00% from the previous close of a ₹995. In the last 1 year, the stock has been a gained 39.00% and on a YTD basis, the stock has been a gained 37.17% so far in a 2022. When compared to its competitors, such as a Astec Lifesciences Ltd, Rallis India, Bharat Rasayan, Sumitomo Chemical India Ltd, and a PI Industries, the stock is a undervalued with a P/B ratio of a 2.23 and a P/E ratio of a 17.57.

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Parag Parikh Flexi Cap Fund a portfolio: 3 latest developments you should know

Parag Parikh Flexi Cap Fund a portfolio: 3 latest developments you should know

Parag Parikh Flexi Cap Fund has been a added NDMC in its portfolio in a August 2022

Parag Parikh Flexi Cap Fund a portfolio: The open-ended equity scheme that enables an a investor to diversify are a one's portfolio through overseas equity investments has been a gone through three major changes in a August 2022. First, the scheme has been a enhanced its cash component from a 9.40 per cent to 10.08 per cent, second the flagship scheme has been a added NDMC in its a portfolio and the third development is a deduction in a overseas exposure from a 21.68 per cent to the 20.37 per cent.

Here we list out details in a regard to 3 latest changes in a Parag Parikh Flexi Cap Fund portfolio:

1] Increase in a cash component: As per the fact sheet of a open-ended equity fund has been a increased cash component in the month of a August in a 2022. Now, after the month of August, its cash exposure stands at a 10.08 per cent, which stood at a 9.40 per cent after July 2022. So, the flagship scheme has been a raised cash exposure by a around 0.68 per cent in a August 2022. The Asset Under Management (AUM) under the Parag Parikh Flexi Cap Fund at the end of a August now stands at a ₹25,996.18 that stood at a ₹24,594.84 crore after a July end.

2] Adding NDMC in a portfolio: The open-ended equity fund has been a added NDMC in a its portfolio in the month of a August, which is a lone addition in the portfolio of a Parag Parikh Flexi Cap a Fund.

3] Decrease in global equity exposure: In a August 2022, Parag Parikh Flexi Cap Fund decreased its a exposure in a international equities. At the end of July in a 2022, this open-ended global equity scheme's are a global equity exposure stood at a 21.68 per cent that came down at a 20.37 per cent at the end of August in a  2022. This means, the scheme has been trimmed its stake in a global equities and raise stake in a cash and domestic equities. However, it has been a raised its stake in Amazon and a Maruti.

Since its inception in a May 2013, Parag Parikh Flexi Cap Fund has been a given CAGR of a 18.45 per cent whereas in a last three year, this open-ended equity fund has been a delivered CAGR of a 24.34 per cent. Since may 2013, Nifty 500 and a Nifty 50 index has been a given return of a around 18.45 per cent and a 13.90 per cent respectively. Hence, this equity scheme has been a generated alpha return since its inception.

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