City Delhi Financial News

Subscribe to enjoy similar stories.Indraprastha Gas Ltd’s (IGL) March quarter (Q4FY26) earnings underscored a familiar contradiction for city gas distributors (CGDs)—robust demand growth alongside rising concerns over profitability owing to cost pressures.Volumes rose 6% year-on-year to 9.7 million standard cubic metres per day (mmscmd) in Q4, aided by 5% growth in CNG and 9% and 13% increases in industrial/commercial and domestic PNG volumes, respectively. Revenue grew 5.4% to ₹4,163 crore.The company has guided for FY27 exit volumes of 10.6 mmscmd.Tailwinds remain supportive.

Subscribe to enjoy similar stories.New Delhi: India’s electric-bus rollout under two central government schemes is nearing completion, with Karnataka, Maharashtra and Delhi accounting for the largest share of allocations, while Uttar Pradesh received no buses and Bihar was allotted 400, according to parliamentary data analysed by Mint.As much as 98% of the buses planned under the PM E-Drive and PM E-bus Sewa programmes have now been tendered, the data showed, effectively bringing the government’s push to electrify state-run bus fleets into its final phase and shaping how electric buses will enter urban transport over the next decade under long-term contracts.Data on the e-buses tendered under the PM E-Drive by the ministry of heavy industries and the PM E-bus Sewa by the ministry of housing and urban affairs showed Karnataka (5,250 e-buses), Maharashtra (4,109 e-buses), and Delhi (2,800 e-buses) leading the chart.The country's most populous state Uttar Pradesh did not win any busesunder the schemes while Bihar won only 400 buses. The contribution of these states is important to note given their large population and high dependence on public transport.Meanwhile, Arunachal Pradesh, Goa, Himachal Pradesh, Manipur, Dadra & Nagar Haveli and Daman and Diu all have received only 50 e-buses each, with Ladakh receiving 48, and Andaman & Nicobar getting 45, the data showed.Tenders under these central schemes assume importance as these state-run buses will ply on Indian roads for at least the next decade, since these are long-term contracts.

Subscribe to enjoy similar stories.Urban India appears to be going through a parenting revolution. Only one in five persons interviewed in a recent Mint survey said they believe in raising their kids similar to how their own parents raised them.

Subscribe to enjoy similar stories.Apollo Hospitals Enterprise Ltd (AHEL), the country’s largest listed hospital chain by beds, is betting on its planned capacity expansion as well as its clinical programmes and expertise to maintain its lead in an increasingly competitive private healthcare market, its top management said.The hospital chain, which commissioned four hospitals in Pune, Kolkata, Hyderabad and Delhi in FY26, plans to add about 1,500 beds in the next 12-18 months. This includes beds in the new hospitals as well as existing ones.“We think capacity is a strategically important lever… it will place us as the largest player substantially in terms of bed capacity.

Subscribe to enjoy similar stories.Policy planners expect some repayment stress to affect small-ticket loans disbursed under two flagship government schemes—PM SVANidhi Scheme and Pradhan Mantri Mudra Yojana—in the next few quarters as a fallout of the war in West Asia, according to three people aware of the issue.The PM SVANidhi Scheme provides working capital term loans to urban street vendors, while the Pradhan Mantri Mudra Yojana funds micro enterprises and small businesses. Many of the loan beneficiaries of these schemes are vulnerable to economic disruption and rising living costs.“We are expecting some stress in the PM SVANidhi Scheme portfolio as it directly caters to street vendors, who form an important part of the informal urban economy.

Subscribe to enjoy similar stories.Electric mobility in India has moved from being an environmental statement to an economic necessity.An expected yet sudden ₹3-per-litre fuel hike, along with government austerity measures such as remote-work mandates to conserve foreign reserves, has intensified the pressure on internal combustion engines. Electric vehicles (EVs) are no longer futuristic alternatives — they are increasingly financial hedges against fuel volatility.But unlocking their full value requires new habits.

Subscribe to enjoy similar stories.New Delhi/Mumbai: The Supreme Court’s decision to send the high-profile Kapur family dispute over late Sona Comstar chairman Sunjay Kapur’s estimated ₹30,000-crore estate to mediation under former chief justice of India D.Y. Chandrachud has drawn attention to how Indian courts are handling promoter-family battles outside traditional courtroom litigation.Mint explains whether mediation can really solve inheritance battles that carry financial and emotional stakes, and how mediation works in high-profile family business disputes.The inheritance battle emerged last year after Sunjay Kapur, the then chairman of Sona Comstar, one of India’s largest automotive technology and EV component makers, died following a heart attack.Sunjay Kapur’s children – Samaira and Kiaan – from his earlier marriage to actor Karisma Kapoor, moved the Delhi High Court, challenging a will that allegedly left his entire estate to his widow, Priya Kapur.

Subscribe to enjoy similar stories.Karan Mahajan’s third novel The Complex is aptly titled, as it is set in a warren of apartments that belong to the Chopra family in Model Colony, north Delhi. The word “complex” itself denotes psychology (inferiority complex, god complex and the like), architecture (a building with added features), and of course everyday language (complicated).

Subscribe to enjoy similar stories.On an unusually mild May morning, Sunder Nursery in Delhi’s Nizamuddin Basti area is all abuzz. Quite literally. Behind the stone wall marking the end of the territory accessible to visitors, some winged creatures are fluttering around over a few private acres of wilderness.

Subscribe to enjoy similar stories.By the time four thugs corner SHO Pawan Malik (Saif Ali Khan) in his home, Kartavya has been simmering for an hour and 15 minutes. Threats are made; Saif folds his arms and tells them to do their worst. I was ready for him to knock them out cold, but then something interesting happens.

Subscribe to enjoy similar stories.There are rarely any surprises these days in the world of laptops. But in 2026, that might change, thanks to Asus. It has been at the forefront of Oled panel adoption in laptops for quite some time now, and this year the brand has put two Oled panels in a single laptop, with the battery backup to justify it.Is this the laptop you’ve always dreamed of travelling with? That’s the question I put to the test, as I traversed different cafes of Delhi for this review.

Subscribe to enjoy similar stories.Air India on Wednesday announced that it would suspend or reduce flights on more than two dozen international routes between June and August, citing airspace restrictions and record-high jet fuel prices. Notably, the government recently increased jet fuel prices for international services while keeping them unchanged for domestic flights. The idea was to keep the bulk of India’s air traffic shielded from the rise in crude oil prices.

Subscribe to enjoy similar stories.Ventive Hospitality is positioning itself at the centre of India's luxury travel boom with a ₹2,000 crore expansion pipeline spread over five years, which includes a new Soho House in Delhi’s Qutub area and the potential addition of The Ritz-Carlton Bangalore to its portfolio.Backed by American investment management company Blackstone and Pune-based Panchshil Realty, the hospitality platform is betting that demand for luxury travel will continue to outpace supply across India and foreign leisure markets such as the Maldives and Sri Lanka.The company, which also owns global membership platform Soho House, plans to develop 2,000 rooms, both through greenfield expansion and acquisitions, over five years. “We have made 2,000 rooms in the last five years.

Subscribe to enjoy similar stories.At first, the legal battle between Nayara Energy Ltd—the Indian refiner backed by Russia’s Rosneft—and SAP India appeared to be a conventional contract dispute.However, it quickly raised larger questions around foreign sanctions, India’s technological dependence on multinational software providers, and whether global geopolitical developments could disrupt critical infrastructure operations within the country.After Justice Vikas Mahajan heard both parties, the court recorded its judgement on 30 April.Mint explains the case and why it matters.The dispute started in July 2025, when SAP India Pvt Ltd suspended all critical software support services including SAP ECC support (maintenance for its legacy core business suite), marketplace access, SSCR keys (developer credentials required to modify SAP source code), and expert services.SAP said this was done after the European Union imposed sanctions on Rosneft, the Russian oil refinery that has a 49.13% stake in Nayara.Nayara approached the Delhi High Court in September, saying the suspension blocked access to software critical for refinery operations and regulatory compliance. The company noted it was unable to implement GST 2.0 updates and argued that the disruption "poses a serious risk to India’s sovereignty and public interest", given that its refinery accounts for 8.5% of the nation’s energy production.Nayara argued that SAP was using the European Union trade curbs to not provide services to the energy firm despite its contractual obligations in India.

Subscribe to enjoy similar stories.New Delhi: The US-Iran war has crimped energy supplies, raised fuel prices, threatens to spike India’s import bill and thus strain its foreign exchange reserves. It was in this context that Prime Minister Narendra Modi appealed to citizens on Sunday to cut fuel use, avoid unnecessary overseas travel and explore domestic destinations instead.For some affluent Indian travellers, that shift is already underway—India's premium domestic destinations are seeing stronger demand, higher occupancies and rising room tariffs this summer.A Delhi-based family of nine abandoned their usual summer plan of a European holiday as business class tickets surged past ₹5 lakh a seat on some key routes, nearly double the typical fares.

Subscribe to enjoy similar stories.Back in school, Gaurav Banerjee wrote some poetry, following in the footsteps of his father, a civil servant who was also a poet. He didn’t think it was anywhere close to what his father wrote nor good enough to be shown to anyone.

Subscribe to enjoy similar stories.NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd are planing to list their joint venture Hindustan Urvarak & Rasayan Ltd (HURL) to raise up to ₹6,000 crore in fiscal year 2027 (FY27) as part of Centre's asset monetization plan, said two people aware of the matter.NTPC also plans to list its subsidiaries North Eastern Electric Power Corp. Ltd (NEEPCO) and THDC India Ltd (THDC), which is a joint venture (JV) of NTPC and Uttar Pradesh government."The plan is to bring the public offering of HURL within the ongoing fiscal as part of the asset monetization roadmap by offloading 10-11% stake in total to raise ₹5,000-6,000 crore," said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.The listing of the three companies would require approval from the Department of Investment and Public Asset Management, the second person said.

Subscribe to enjoy similar stories.IndiGo and Air India have opposed proposed passenger charges by India’s newest airports, warning that higher tariffs would make flying more expensive and slow passenger traffic growth when domestic aviation demand is weakening.Adani-owned Navi Mumbai International Airport Ltd (NMIAL), which started operations in December, currently levies a user development fee (UDF) of ₹620 on domestic departures and ₹270 on arrivals. It has proposed increasing this by 20% in FY28 and 10% annually until FY31 for a net increase of 45% over five years.

Subscribe to enjoy similar stories.MUMBAI: The copyright dispute between the Reliance-Disney joint venture and Zee Entertainment has been referred to mediation after both sides agreed to explore an amicable settlement.Mint has seen the 5 May order passed by Justice Tejas Karia, which stated that “with the consent of the Parties, they are referred to mediation before the Delhi High Court Mediation and Conciliation Centre (DHCMCC), where they shall appear on 20 May”. Both sides have sought the appointment of a senior mediator.Mint’s queries sent to Zee Entertainmentremained unanswered till press time.

Subscribe to enjoy similar stories.BENGALURU: Godrej Properties Ltd (GPL), the country’s highest-selling residential developer, is stepping up its push into high-value housing, lining up a series of premium and luxury launches across key markets as part of a ₹48,000 crore pipeline for fiscal year 2027 (FY27), executive chairperson Pirojsha Godrej said Wednesday.GPL is targeting ₹39,000 crore of sales bookings this year, on the back of a strong launch pipeline and demand for branded developers.The planned launches span prime micro-markets, including Golf Course Extension Road in Gurugram, Ashok Vihar in Delhi, and Bandra Bay in Mumbai, underscoring a clear tilt towards higher-ticket projects.The shift follows a year of aggressive land acquisitions in top locations and marks a more pronounced move into luxury, even as GPL has previously developed such projects.In Gurugram, now emerging as one of India’s key luxury hubs, GPL will develop a project on an 11.36-acre land parcel acquired earlier this year, with a revenue potential of about ₹4,500 crore. In Delhi, the company plans to launch a much-awaited project spread over around 27 acres in Ashok Vihar, where apartments are likely to be priced at ₹5 crore and above.In Mumbai’s Bandra Bay, where developers such as Adani Realty and others are preparing luxury launches, GPL is planning a project with apartments priced at over ₹15 crore each, as per analyst estimates.“The launches this year will reflect the kind of business development GPL has done last year, where it has acquired land in key micro-markets within the cities it operates in.

Subscribe to enjoy similar stories.The government is considering awarding national highway contracts only after obtaining all critical clearances, a move aimed at curbing project delays and cost escalation, according to two officials aware of the development.Under the proposal being considered, road projects will be awarded only after at least 90% of the land required is acquired, a norm already being enforced more strictly in recent years. In addition, the ministry of road transport and highways wants prior approval to remove structures such as houses and buildings that fall along the project stretch, an issue that has emerged as a key source of delays, one official said.According to the second official, even after land acquisition and statutory approvals, pending permissions to remove or modify built-up structures have stalled several projects.