City Delhi Financial News

Wockhardt has denied 'conflict of interest' and 'corruption' allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the Mumbai-based drugmaker is involved in multiple cases with market regulator, including that of insider trading. Wockhardt called the allegations 'baseless and misleading'. «It has come to our attention that there are certain allegations pertaining to payment of rent by Carol Info Services Limited and its connection with certain orders passed by SEBI in relation to the Company,» the company said in a statement to exchanges on Friday evening.

Puja Khedkar from Indian Administrative Service with immediate effect, reported PTI quoting official sources. Khedkar has been accused of cheating and wrongly availing Other Backward Classes (OBC) and disability quota benefits to ensure her selection in the service. She has denied all allegations. The central government, vide order dated September 6, 2024, discharged Khedkar from the Indian Administrative Service under Rule 12 of IAS (Probation) Rules, 1954, with immediate effect, the sources said. The rules allow the central government to discharge probationers from service if they fail «to pass the re-examination...» or «if the central government is satisfied that the probationer was ineligible for recruitment to the Service or is unsuitable for being a member of the Service», among others.

Delhi court is likely to take cognisance of a supplementary charge sheet against former railway minister Lalu Prasad, his son and former Bihar deputy chief minister Tejashwi Yadav and eight others in alleged land for jobs scam, on September 13. Special Judge Vishal Gogne on Saturday fixed the matter for the next week after noting that no further clarification was required from the ED on the matter. The final report was filed before the court by the ED on August 6. The ED filed its case based on an FIR lodged by the CBI.

National Conference leader Omar Abdullah on Saturday alleged that the BJP has «struck a deal» with some regional parties and some independent candidates to be part of the government in Jammu and Kashmir. Referring to remarks by Union Home Minister Amit Shah in Jammu, Abdullah said he was «silent» about Apni Party and People's Conference during his speech at the BJP's manifesto launch on Friday. "...those who have struck a deal with Delhi will not fulfill your demands. If you need evidence for this, just look at the statement of Home Minister Amit Shah in Jammu yesterday," the NC vice president said. «The home minister listed the parties with which the BJP will not form the government. He was, however, silent about the independents because they are hand in glove (with them). He was silent about Apni Party and People's Conference,» he said.

Paris Paralympics. On Saturday morning, half of the Indian contingent made their return home after taking part in the Paris Paralympics. AvLekhara, Mona Agarwal, Pranav Soorma, Rakesh Kumar, and Manish Narwal are among others who touched down in Delhi. Fans outside the Delhi gathered in huge numbers and greeted the para-athletes by showering flower petals on them.

India has sent around 2300 kg of medical aid to Chad, in response to a deadly fire incident in the African nation, the Ministry of External Affairs said on Saturday. The consignment departed from New Delhi today, contains essential life-saving antibiotics and general medicines. This underscores India's 'Vishwabandhu' approach, where it serves as a friend to the whole world.

Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company. «In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading,» Wockhardt said in a regulatory filing late Friday. It said the company has acted and continues to act in compliance with all applicable laws. On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch — as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) — had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.

The unravelling of a financial titan: Ravi Parthasarathy and the IL&FS scandal His destiny was that of the quintessential entrepreneur. Ram Baksh Modi, his great grandfather, supplied grain to the British army. His father Multani Mal was equally successful but opposed formal education.

IndiGo Airlines issued an apology on Saturday after passengers aboard the Delhi-Varanasi flight faced difficulties after the aircraft's air conditioning system malfunctioned and led to chaotic conditions in the aircraft. Responding to the entire matter, sources within IndiGo stated that the AC was functioning properly, but a temperature shift caused the cabin to heat up, leading to panic among the passengers. «We extend our apologies for the inconvenience experienced on flight 6E 2235 operating from Delhi to Varanasi on September 5, 2024,» read a press statement from the airlines.

Rouse Avenue court has issued notice to the Enforcement Directorate (ED) on the bail plea of Anubrata Mondal, who is one of the accused in the cattle smuggling case. He has been granted bail by the Supreme court in the CBI case. Special CBI Judge Jyot Kler, on September 4, issued notice to ED and sought reply on the bail application. The matter has been listed on September 11 for hearing.

₹3,500 over and above its regular fare, Air India Express tagged its business class seats at about ₹16,000 in the Delhi-Mumbai sector. That’s still lower than the ₹26,000 charged by its parent entity, the Tata Group-owned full service Air India, for a business class seat on the same route. “We would have replaced these business class seats earlier itself if these replacements were available earlier," a senior Air India Express executive said on condition of anonymity.

National Conference vice president Omar Abdullah on Friday alleged that leaders in New Delhi 'hate' him, want to 'silence' him and 'keep conspiring' against him, as he represents the aspirations of the people of Jammu and Kashmir. «This is a strange election. I knew that leaders in Delhi never liked me. But now I have realised that they hate me and they want to silence me,» said Abdullah, while addressing an election rally here. Abdullah, while referring to his loss in the Lok Sabha polls from Baramulla against jailed Awami Ittehad Party leader Engineer Rashid, said, «A candidate who was behind bars (Engineer Rashid) filed the nomination against me. He recorded an audio clip and circulated it among the electorate… I thought maybe it was my bad luck. I did not see any conspiracy in it. But for the last 2 to 3 days, it seems like a conspiracy to me… daal main kuch kala hai… I don't understand in this situation how those behind bars file nominations only against me.»

India is set to host the crown prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, early next week as it seeks to cultivate the next generation leadership in the key Gulf state. Sheikh Khaled, the eldest son of UAE President Sheikh Mohammed bin Zayed, has been groomed for leadership through his membership of the Abu Dhabi Executive Council and the main national security body since 2016. In 2016, he was appointed head of national security. In January 2017, he was named the deputy national security adviser. In March 2023, he was appointed as the crown prince of Abu Dhabi, which holds the president's post since the creation of the UAE.

Delhi government has proposed a compensation of Rs 7.5 lakh for the families of prisoners who die due to unnatural causes while in custody in the city's jails. According to a statement, the proposal, aimed at addressing grievances and upholding human rights within the prison system, has been submitted to the lieutenant governor for approval. «Unnatural custodial deaths, as defined by the policy, may occur due to incidents such as quarrels between inmates, mistreatment or torture by prison staff, or negligence by medical officers,» the statement said. However, the compensation will not apply in cases of death by suicide, escape attempts, natural causes or disasters.

Salò, or the 120 Days of Sodom is a 1975 film by Pier Paolo Pasolini. It's one of the most disturbing and difficult viewing experiences in cinema, a long series of degradations visited upon a group of teens by sadistic fascists. It runs just under two hours.

The first floor of Bandra Born is designed like a small Japanese bar. It features high seating, plenty of wood, and at the far end, a DJ console presided over by chef Gresham Fernandes. He plays electronic, funk, and hip-hop as drinks are poured and diners dance.

Delhi, 23-year-old Sonu, a food delivery rider, travels hundreds of kilometres daily with his two-year-old son, Sarthak, to secure a brighter future. Despite challenging conditions, Sonu's commitment to his son's future keeps him motivated as he works over 12 hours a day on his rented Yulu bike. Originally from Bihar, Sonu took on family responsibilities early in life, working and attending school simultaneously. He came to Delhi in 2019 after marrying Nancy against their parents' wishes. Starting with a daily wage of Rs 200 as a labourer, Sonu then became a security guard before settling into his current job as a delivery rider for the past three years. Earlier this year, Nancy returned to her hometown, handing over young Sarthak to Sonu's care. Sonu's daily routine is filled with challenges as he balances his role as a delivery rider and a father. Every kilometre covered on his Yulu bike brings him one step closer to his goal of ensuring his son has a better future.

Communist Party of India (Marxist) General Secretary Sitaram Yechury, who is under treatment for a severe lung infection at the Delhi AIIMS, is stable and showing a positive response to treatment, the party said on Friday. «Comrade Sitaram Yechury, General Secretary of Communist Party of India (Marxist), has been under treatment in the intensive care unit of the All India Institute of Medical Sciences, New Delhi.

Waqf properties in the national capital region and those on the land parcels belonging to the ministries of road transport and railways. Urban Affairs and Road Transport Secretary Anurag Jain and Anil Kumar Khandelwal, Member Infrastructure, Railway Board, along with the officials from the respective ministries made presentations to the Joint Committee on the Waqf (Amendment) Bill. The officials of the Urban Affairs Ministry briefed the panel on the land acquisition process undertaken by the then British government in 1911 to build the city of Delhi. Parliamentary sources said there were heated moments during the meeting when the officials of the Urban Affairs Ministry were unable to respond to questions from members on the land acquisition process undertaken by the British administration.

Supreme Court has reserved its verdict on pleas filed by Delhi CM Arvind Kejriwal seeking bail and challenging his arrest by CBI for his alleged involvement in the Delhi excise policy case. Senior lawyer Abhishek Manu Singhvi, appearing for Kejriwal, said his arrest was nothing but an «insurance arrest», implying that CBI arrested him only to ensure that even if the CM gets bail in the ED case, he remains behind bars in CBI case. The CBI counsel alleged the Punjab government, at Kejriwal's behest, has denied sanction to prosecute some state officials who allegedly arm-twisted the owner of a Punjab-based distillery to comply with the alleged bribe demands. The counsel said the probe regarding that is stalled since the AAP government there hasn't given sanction under Section 17A of the Prevention of Corruption Act.

Ola S1 Pro can take advantage of a direct discount of ₹5,000, applicable in a wide range of locations, including Karnataka, Gujarat, Odisha, Maharashtra, Madhya Pradesh, Kerala, and Chhattisgarh. Other cities where this discount can be availed include Bengaluru, Mumbai, Delhi NCR, Jaipur, Nagpur, Nashik, Kolkata, Chandigarh, and more.The S1 X (4 kWh variant) and S1 X+ are also part of the festive price cuts, with a similar ₹5,000 markdown.