City Delhi Financial News

Mumbai: The demand for ‘crisis consultants’ is on the rise, as companies scramble to address regulatory diktats, cybersecurity scares and climate events, according to consultants and lawyers who spoke with Mint. A person from a Big 4 consulting firm, who requested not to be named, said the firm is looking to have close to 2,000 people in its crisis team, more than double the current strength. Experts said that the time to resolve a crisis has shrunk from three-four weeks to a few days currently, as teams have access to AI and data solution methods for quick resolution.

PLI beneficiaries. “GeM has registered phenomenal growth and the list of PLI beneficiaries is also expanding, as the scheme has started to yield results," said the official, requesting anonymity. Taurani is sceptical.

MNCs, including Microsoft India, Sumitomo Corporation India and AT Kearney India, the Delhi High Court on Monday quashed the final tax assessment orders that were passed against them without there being any draft assessment orders as mandated under Section 144C of the Income Tax Act 1961. It further said that the final assessment orders if framed after the prescribed time under Section 153 of the Act had expired are liable to be quashed on that ground additionally. Failure to frame a draft assessment order by the assessing officer would “clearly be violative of the mandatory prescriptions of Section 144C and the final order of assessment framed in violation thereof is liable to be viewed as a nullity,” a Division Bench comprising justices Yashwant Varma and Ravinder Dudeja said.

Delhi High Court has permanently restrained Taj Iconic Membership's managing director from using «Taj» name in its contents, corporate name, logo in a trademark suit filed by the Tata group of companies. The court directed the transfer of the domain name of Taj Iconic to IHCL. Justice Mini Pushkarna said "...it is apparent that the use of the various contents and photographs available on the plaintiff's (IHCL) website, by the defendant (Taj Iconic) in relation to business activities, has the effect of inducing the consumers and members of the trade to falsely believe that the defendant has a direct nexus or affiliation with the plaintiff.” “Further, the fraudulent and illegal trade activities of the defendant has also the effect of causing incalculable harm and injury to the business, goodwill and reputation associated with the plaintiff‟s associated mark,” the HC said, while directing the managing director of Taj Iconic to pay damages of to the tune of Rs 10 lakh and cost of Rs 5 lakh to IHCL, which is a part of the Tata group of companies.

Modi on Monday shared a nostalgic reflection on the BJP’s rise from its humble origins at the launch of the BJP's 'Sadasyata Abhiyan' 2024 in Delhi. Speaking with deep emotion, Modi reminisced about the early days of the Bharatiya Jana Sangh and the relentless spirit of its workers. “When I was not in politics, at the time of Jana Sangh, our workers used to paint 'diya' (symbol of Jana Sangh) on walls with enthusiasm,” Modi recounted. “Leaders of several political parties used to mock us, saying that one cannot reach the corridors of power by painting 'diyas' on walls. We are those who painted 'lotus' on walls with such confidence that we knew, one day the 'lotus' painted on walls would be painted on the hearts of the people.” Modi highlighted the scorn faced by the party during its early years. “Some people have been making fun of us. When we had just two members in Parliament, we were mocked. Some people's character is such that they believe belittling others makes them appear significant,” PM Modi said.

bail to an accused in a money laundering case and said that the power to arrest must be directly proportional to its checks and balances coupled with unambiguous regulations. Granting bail to Mangelal Sunil Agarwal, Additional Sessions Judge (ASJ) Dheeraj Mor noted that in a «very unpleasant situation», while the previous investigating officer had cited him as a witness, the next IO chose to arrest him based on the same evidence available on record. «The hallmark of investigation is its objectivity. Subjective interpretation of IO must be deprecated as it would make a supposed objective investigation dependent upon his uncontrolled whims and fancies, who has been conferred extreme power of arrest that leads to curtailing liberty of an individual,» the judge said in the order passed on August 31. «In these circumstances, it is apparent that one of the lOs was/is wrong and either acted upon the considerations extraneous to law for the reasons to be ascertained or he was incompetent to comprehend the facts of the case in proper perspective.

AAP government and claimed the Delhi Anti-Corruption Branch (ACB) has taken cognisance of it. Addressing a press conference, Delhi BJP president Virendra Sachdeva claimed that they had filed a complaint to the Delhi ACB regarding corruption by the AAP and the authority has taken cognisance of it. There was no immediate reaction from the AAP on the BJP's allegations.

education to Indian students for overseas studies, the trust was spending for the charitable purpose of education outside India since the loan was given for spending on education outside India. Therefore, tax exemption was denied to the trust in respect of such loan scholarships given to students.

Realty developer Omaxe Group has lined up Rs 2,500 crore to develop a sport centric project in Delhi’s Dwarka, company’s managing director Mohit Goel told ET. The project will include a cricket stadium in addition to retail and hospitality development. It has won the bid to develop 50.40-acres of land from the Delhi Development Authority (DDA). Omaxe will pay Rs 18 crore to the authorities every year for the next 30 years.

AAP on Monday said its MLA Amanatullah Khan has been arrested by the Enforcement Directorate (ED) in a false case and the more the ruling BJP tries to suppress the Arvind Kejriwal-led party's voice, the more vocal it will be. «Revolutionaries will not bow down to the tyranny of a dictator.

Vijay Nair in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices Hrishikesh Roy and SVN Bhatti had deferred the matter after the counsel for the ED sought a weeks' time for filing a counter affidavit. The top court had issued notice to the Enforcement Directorate (ED) on August 12 on the plea of Nair while noting that he has been in custody for two years.

Supreme Court on Monday asked the Centre to file an affidavit giving details about compliance of its 2021 judgement and subsequent directions on providing ration cards and other welfare measures to the migrant workers. The top court, in June 29, 2021 judgement and subsequent orders, had passed a slew of directions to the authorities asking them to undertake welfare measures, including giving ration cards to all migrant workers, who were distressed during the COVID-19 pandemic, registered with the 'e-Shram' portal. The 'e-Shram' is a comprehensive National Database of Unorganised Workers (NDUW) launched by the Union Ministry of Labour and Employment with a primary aim to facilitate delivery of welfare benefits and social security measures to unorganised sector workers across the country. «The Union of India is directed to file a comprehensive affidavit explaining the steps taken in compliance of the judgement dated June 29, 2021 and other subsequent orders. Such an affidavit will contain all the details of steps taken on any direction issued via main judgement and subsequent orders. This must be done within the period of three weeks,» said a bench comprising justices CT Ravikumar and Sanjay Karol.

northern India. Air pollution is back on the agenda. Last week, the Supreme Court criticised air pollution boards of Delhi/NCR, Punjab and Haryana for being 'ineffective' due to inadequate staffing.

photography. Shreyovi Mehta, a Class Five student from Faridabad near Delhi, has now bagged the much-coveted Wildlife Photographer of the Year award. Shreyovi managed to capture the photo of a pair of peafowls, while she was on a morning walk in the forests of Keoladev National Park in Bharatpur, Rajasthan.

Mint. In case of existing similar brand names available in the market, the first manufacturer which submitted an application for it under the Drugs Rule, 1945 shall be allowed to continue marketing. The brand names of other manufacturers shall be withdrawn by the state licensing authority, it said.

Delhi Chief Minister Arvind Kejriwal's wife Sunita Kejriwal on Sunday accused the BJP government in Haryana of doing nothing in 10 years and urged the people to vote for AAP to build «a new Haryana». Assembly polls in Haryana will take place on October 5 and the results declared on October 8. Addressing a gathering in Haryana's Charkhi Dadri, Sunita Kejriwal asked the people if they witnessed any improvement in school education and government health facilities during the BJP's 10-year tenure. «Are you getting round-the-clock free electricity?» she asked.

Gopal Rai, Delhi Environment Minister and AAP leader, released a statement on Sunday regarding the possibility of cloud seeding (artificial rain) and the construction of smog towers in Delhi. Gopal Rai refuted the allegations by BJP leaders that the Delhi government was wasting money by not constructing smog towers. «Yesterday, BJP leaders said that money was wasted. They do not know that on the orders of the court, the Delhi government built a smog tower in Connaught Place and the centre built in Anand Vihar. In such a situation, how did the Delhi government waste money?», said the Delhi Environment minister. Rai criticised the condition of the smog tower built by the Union government in Anand Vihar, he added, «Also, find out what the condition of the smog tower built by the Centre is, and why are you hiding the smog tower of Anand Vihar. We are always ready to give all kinds of support to the Centre.»

Ayush Badoni and Priyansh Arya led South Delhi Superstarz to a record-breaking T20 total of 308/5 against North Delhi Strikers in the Delhi Premier League on Saturday. Arya, with a century-making performance, added 120 runs from 50 balls, featuring 10 sixes and 10 fours. His standout moment came in the 12th over, where he hit six consecutive sixes off Manan Bhardwaj’s over. The partnership between Badoni and Arya, which yielded 286 runs, now stands as the highest partnership for any wicket in T20 cricket, surpassing the previous record of 258 runs set by Japan’s Lachlan Yamamoto-Lake and Kendel Kadowaki-Fleming. Badoni was rightfully named 'Player of the Match' for his game-changing performance. Badoni, renowned for his explosive batting, smashed an astounding 19 sixes, setting a new world record for the most sixes in a T20 innings. His innings of 165 runs off just 55 balls included eight fours and 19 sixes, surpassing the previous record held by Chris Gayle and Sahil Chauhan, who had both hit 18 sixes in a T20 innings.

puran poli and pohe to mutton barbat, pasande and Nepali ande as part of the city’s culinary landscape, offering a taste of Maharashtra, Gujarat, Awadh, and Nepal in the heart of Madhya Pradesh. Like many old cities, Gwalior too has witnessed the rise of many dynasties, including the Guptas, Tomars and the Scindias, movement of people due to marriage, wars and work, and more.

Ashwini Vaishnaw said during his address at the ET World Leaders Forum event held in Delhi on August 31. There are four pillars of growth, the minister said — investment in public infra, inclusive growth, manufacturing and simplification of laws. Vaishnaw observed that from 2014 to 2024, India constructed 14,985 kms of railway tracks, which is higher than a rich country like France achieved during the same time frame.

Wrestler Vinesh Phogat took up the farmers' cause by joining protesters at the Shambhu border (located between Punjab and Haryana) on August 31, demanding that the central government address their demands. The farmers, marking 200 days of the 'Delhi Chalo' agitation, have been seeking a legal guarantee for Minimum Support Price (MSP) among other demands. Phogat, who faced disqualification in the recent 50-kg final match at the Paris Olympic Games, was felicitated by the farmers. She expressed her solidarity with their cause. Farmers under the banners of Samyukt Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha organized a 'kisan mahapanchayat' to commemorate 200 days of their protest. They have been demonstrating at the Shambhu and Khanauri border points since February 13, following a blockade by security forces.