Latest news with #520
Time of India
2 days ago
- Business
- Time of India
PM Modi unveils ₹48,520 crore infrastructure projects in Bihar ahead of assembly elections
In a major infrastructure push ahead of the upcoming Bihar Assembly elections , Prime Minister Narendra Modi inaugurated, laid the foundation stone, and dedicated development projects worth over ₹48,520 crore during his visit to Karakat on Friday. Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Samrat Choudhary were also present at the event. The projects, spanning the power, road, and rail sectors, are aimed at accelerating the state's infrastructure and economic growth. Among the key announcements was the foundation stone laying for the Nabinagar Super Thermal Power Project , Stage-II, in Aurangabad district. With an investment of ₹29,930 crore, it is expected to enhance energy security, generate employment, and provide affordable electricity to Bihar and eastern India. The Prime Minister also laid the foundation stone for multiple road projects, including the Four-Laning of Patna–Arrah–Sasaram, Six-Laning of the Varanasi–Ranchi–Kolkata highway , and the construction of a new Ganga bridge between Buxar and Bharauli. He inaugurated the Four-Laning of the Patna–Gaya–Dobhi highway for Rs.5,520 crore and the elevated highway upgrades in Gopalganj highway. Prime Minister Narendra Modi who is on a two day visit to Bihar on Thursday advised BJP leaders in Patna to strengthen the party's outreach at the booth level and take its narrative directly to the grassroots. In the rail sector, he dedicated the third rail line between Son Nagar and Mohammad Ganj, built at a cost of over Rs.1,330 crore, aimed at decongesting routes and improving freight movement. Additionally, he will be laying the foundation stone for the new Harding Park Station in Patna, which will feature five terminals to improve passenger handling capacity and connectivity in the region. Live Events These announcements are seen as part of a broader strategy to appeal to voters through rapid development, with Bihar's elections drawing closer. A day earlier, on Thursday, the Prime Minister inaugurated the new passenger terminal at Patna Airport, developed at a cost of Rs1,200 crore, with an annual capacity of 1 crore passengers. He also laid the foundation stone for a new civil enclave at Bihta Airport, worth Rs 1,410 crore, which will serve the growing educational hub housing IIT Patna and the proposed NIT Patna campus.
Yahoo
4 days ago
- Business
- Yahoo
Not A Lot Of Love For 520: Brands Rethink Local Campaigns Amid China Uncertainty
With uncertainty around the Chinese appetite for luxury goods and a possible global recession, brands are cutting back on marketing spent, and 520, or the Chinese Valentine's Day that lands on Tuesday, is the first one to go. Past active participants such as Bottega Veneta and Balenciaga have slashed local campaigns this year, while other luxury players opted for a simple curated list of gifting items, some of which were heart-adorned. More from WWD A New Era at Fashion Island, the Newport Beach Shopping Destination Alibaba Shares Dip Despite E-commerce, AI growth in Q4 Brands, Retailers Navigate Changes at World Retail Congress 'Due to the dominance of e-commerce in China, this year's 520 Festival is poised to take a back seat as major platforms have chosen to launch the 618 shopping festival as early as the first half of May,' said Jacques Roizen, managing director of consulting at Digital Luxury Group. 'Very few brands can afford to not participate in 618, and therefore are losing the historical 520 full price revenue peak, which until recently was an important moment of their commercial calendar,' said Roizen. Last week, Tmall and Douyin, arguably two of the biggest 618 players, officially launched this year's 618 with a simplified playbook focused on direct discounts as opposed to a complicated coupon system. This year's 618 runs for over a month from early May to late June. However, those companies actively participating in the May gifting moment continue to experiment with new narratives with a local-friendly product mix. In late April, Dior began releasing a series of campaigns featuring global ambassador Xin Liu, China ambassadors Henry Liu and Yu Shi, and Chinese actor Ai Mi holding court at Dior's 'customer service,' as they answer hotline calls from customers looking for date night looks. The collection highlights exclusive 520 products that include womenswear, menswear, accessories, leather goods, and jewelry. For Prada, the 520 occasion was reserved for its newly opened restaurant in Shanghai, Mi Shang. The café and restaurant project, which was designed by film director Wong Kar Wai, is serving up a feast with a special tasting menu, and in the confectionery section, there will be two limited-edition cream puff desserts adorned with heart-shaped motifs, alongside boxed pralines filled with soft raspberry. Moynat, the LVMH Moet Hennessy Louis Vuitton-owned handbag-maker, is banking on China's pet-obsessed generation by casting celebrity pets — C-pop idol Tan Jianci's pet dogs Dai and Ball ball — in its 520 campaign. The collection, featuring pet collars, leashes, charms, and a monogrammed Hobo shoulder bag, is available in all Moynat boutiques worldwide. At Ferragamo, its signature Hug bag was the star of its 520 campaign. Themed 'Hug Bag, Hug Love,' the campaign featured brand ambassador Gao Yuanyuan and Chinese actor Lin Gengxin as bearers of the statement piece in various shapes and sizes. In the most recent first quarter, handbags have helped drive performance, and the family-owned business is banking on it to become its best-performing category going forward. Balenciaga's 2025 High Summer campaign was recast as this year's 520 campaign, with a new tagline that read 'love is sometimes relaxed and always enjoyable.' The lineup features over 150 products from the collection and includes 520-exclusive3XL sneakers and Le City bags — both styles come in light grey and feature a '520' tag in the style of checked baggage slips. Similarly, Gucci's 520 campaign also embodied the ease of summer vacation. Photographed against the backdrop of Italy's coastline during golden hours, the editorial features global brand ambassador Ni Ni and Chinese model Jin Dachuan dressed in heavily-monogrammed attire with matching handbags. Miu Miu's 520 was drenched in summer glow too. Featuring a set of still life photography highlighting beach-friendly attire, the collection also includes a fringed suede tote in red that's launching first in China. The collection was part of an offline activation under the Miu Miu Select banner. The event was headlined by the Chinese model Ju Xiaowen at Miu Miu's Chengdu Taikoo Li store. Valentino, celebrating self-love, set up an intimate bedroom setting where the Chinese model Hua Yilan gets dressed up for a romantic date. Pieces came from the brand's fall 2025 collection, which included dreamy 'cherrifyfic' pattern and the whimsical 'Le Chat de la Maison' motif, 1980s-inspired slingback pumps, the low-top Upvillage sneaker, and the Viva Superstar bag that took center stage. Launch Gallery: Chinese 520 Valentine's Day Campaigns: Pets, Work-Life Balance And Self-Care Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns
Yahoo
22-05-2025
- Entertainment
- Yahoo
Bao Beier and Bao Wenjing welcome second child
22 May - Bao Beier recently revealed that wife Bao Wenjing has given birth to their second child. Sharing the good news on social media on 20 May, which is the Chinese Valentine's Day, the actor posted a photo of him, his actress wife and their daughter holding their newborn child, writing, "Baozi, Dumpling, and Noodle wish everyone a happy 520!" Wenjing later reposted the photo and wrote, "A family of four." It is noted that Noodle is the nickname that has been given to the newborn even while the actress was pregnant, which continues the Bao family's "food theme" nicknames. Their first daughter was nicknamed Dumpling. Wenjing had been sharing her pregnancy journey with fans multiple times since announcing her pregnancy late last year. She admitted that her second child was wanted by her husband and daughter very much. The due date for the baby's birth was in June, but baby Noodle arrived early on 20 May. (Photo Source: Bao Beier Weibo)
Economic Times
05-05-2025
- Business
- Economic Times
Gahlaut can save Rs 1.8 lakh tax by switching to new tax regime
Live Events Hyderabad-based data scientist Raghav Gahlaut is paying a high tax because his salary structure is not tax-friendly and he doesn't claim all deductions available to has opted to stay in the old tax regime because he gets tax-free perks, has a big home loan, and puts money in tax-saving investments. 'I know I could have saved more tax by investing in the NPS , but there is no surplus after my big home loan EMI of Rs.83,000,' he without the NPS investment , he will pay a marginally lower tax if he switches to the new tax regime . His tax outgo will reduce by Rs.1,16, tax can be saved if Gahlaut asks his employer to offer him the NPS benefit under Section 80CCD(2). NPS benefit does not add to wage cost or paperwork for the company, but it lowers the tax outgo for employees the company puts 14% of the basic salary in the NPS, Gahlaut will save Rs.65,520 more under the new tax regime. Gahlaut and his family are covered by group health insurance from the company, but he has bought a cover on his own as well. He will not get tax deduction for the medical insurance premium under the new regime, but he should not stop he wishes to stay in the old tax regime this year, he should reduce the special allowance component by Rs.2,10,000, stop ELSS SIPs, reduce contribution to the PPF to Rs.1,000 a year, and invest in the corporate NPS instead. He should also switch from fixed deposits to debt funds to lower the tax old regime is marginally better for Gahlaut this year. However, the new tax regime is better for him from next year onwards as he stands to save Rs.1,81,740 under the new too much tax? Write to us at etwealth@ with 'Optimise my tax' as the subject. Our experts will tell you how to reduce your tax by rejigging your pay and investments.
Jordan Times
27-02-2025
- Business
- Jordan Times
Domestic revenues reach JD8.77b in 2024, up by JD250.6m
The Ministry of Finance announces that domestic revenues increased by JD250.6 million in 2024, reaching JD 8,770.5 million, compared with JD8,520 million in 2023 (AFP photo) AMMAN — The Ministry of Finance announced that domestic revenues increased by JD250.6 million in 2024, reaching JD8,770.5 million, compared with JD8,520 million in 2023. In a statement issued on Thursday, the ministry attributed this increase to a rise in tax revenues by JD168.7 million (totalling JD6,440.9 million) and a JD81.9 million increase in non-tax revenues (reaching exemption from the special tax on electric JD2,329.7 million), the Jordan News Agency, Petra, reported. The ministry noted that the government's recent economic measures, aligned with the Economic Modernisation Vision, contributed to the improvement in domestic revenues compared with the 2024 reestimation figures, which stood at around JD8,618 million. These measures included a 50 per cent vehicles, waivers for additional fees and penalties on unlicensed vehicles for multiple years, and exemptions from acquisition fees and reregistration fees, if applicable. Individuals involved in customs-related cases before December 31, 2022, were granted up to 90 per cent exemption from fines, among other incentives.
