City Delhi Financial News

31.08 / 06:51
Merit Election President DAL Courts International Petition lacks merit: Delhi HC dismisses plea challenging election of Nitish Kumar as JDU President
Bihar Chief Minister Nitish Kumar as President of the Janata Dal (United) (JD(U)). The court found no substantial reason to interfere with the election results and deemed the petition to be without merit. This decision upholds Nitish Kumar's position as the party president. The bench of Justice Pushpender Kumar Kaurav in an order passed on August 29, noted that the reliefs sought by the petitioner, fall wholly outside the ambit of the inquiry contemplated under Section 29A of the RP Act. As elucidated in the preceding discussion, the principles established in the case of Sadiq Ali (supra) do not support the reliefs sought in this writ petition.
30.08 / 19:50
President students Universities Justice country Courts Colleges UCC must for gender parity, says VP Jagdeep Dhankhar
Narendra Modi espousing a secular civil code for the nation during his Independence Day speech, vice president Jagdeep Dhankhar on Friday stressed on the need for a uniform civil code (UCC), saying it is a «constitutional ordainment» as it is mentioned in the Directive Principles. UCC will be a big contributor to the cause of gender justice, he said. «Uniform civil code is a constitutional ordainment. It is in Directive Principles (of State Policy). The Supreme Court has severely that it is being delayed but UCC, which has been on the shelf for too long, is a small measure of justice to your (women) segment… It will help in several ways but majorly it will help your gender,» Dhankhar said while addressing students of Bharati College, a women's college affiliated to the University of Delhi. Article 44 of the Constitution, under the Directive Principles of State Policy (DPSP), suggests that there should be a UCC in the country. However, provisions listed under DPSP are not binding on the government and hence not justiciable.
30.08 / 17:00
Citi WhatsApp All-India house price index moderates to 3.3 pc in Q1 FY25: RBI Data
Mumbai: The all-India House Price Index (HPI) moderated to 3.3 per cent in the June quarter of 2024-25 from 5.1 per cent in the year-ago period, according to data released by the Reserve Bank of India on Friday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. «All-India HPI increased by 3.3 per cent (y-o-y) in Q1:2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; annual HPI growth varied widely across the cities — ranging from a high of 8.9 per cent (Kolkata) to a low of (-)1.7 per cent (Delhi),» the central bank said.
30.08 / 14:28
markets UPS Digital Platform security stage ETtech Deals Digest: Startups raise $1.47 billion in August; up 89% on year
Startups raised a total funding of about $1.47 billion in August 2024, marking an 89% increase from the same period last year, when they had raised a total of $779 million across 123 rounds. Startups, primarily in the early and late stages, secured funding through 86 rounds, according to data from the private market intelligence platform Tracxn. In July 2024, startups raised around $718 million from 72 rounds.
30.08 / 14:10
Action Election WhatsApp rights Champai Soren was under surveillance for 6 months, will give befitting reply in 2 months: Himanta
Jharkhand CM Champai Soren was kept under surveillance by his own government for six months and a befitting reply awaits the "corrupt" JMM-led alliance in two months. Sarma, also the BJP co-in charge for assembly elections in Jharkhand, made the accusation at a programme in which Soren joined the saffron party. The ex-chief minister quit the ruling Jharkhand Mukti Morcha (JMM) on August 28. «Champai Soren was put under surveillance by Jharkhand police for six months. I have never heard of such an instance by any CM. I warn you (Chief Minister Hemant Soren), we will give a befitting reply after two months,» Sarma said.
29.08 / 13:46
UPS awards WhatsApp 2020 Courts Suraksha Group earmarks 2,552 acre of land in Delhi-NCR for Jaypee Infratech lenders
Jaypee Infratech Ltd (JIL) through insolvency process, has identified 2,552 acre of land parcels for lenders of the bankrupt realty firm in accordance with the resolution plan. On June 4, Suraksha Group took control of JIL following the National Company Law Appellate Tribunal's (NCLAT) decision on May 24, upholding its bid to acquire JIL and constituted a new board. According to sources, Suraksha Group has earmarked 2,372 acre of land for assenting lenders and 180 acre, separately, for ICICI. The group had appointed real estate consultant CBRE to help in land identification process. JIL had around 6,250 acre of land in Delhi-NCR and adjoining areas. In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land to partly settle their dues.
29.08 / 11:05
Action Gap Sustainability community Diversity inclusion Viksit Bharat will get closer as family philanthropy gains momentum
₹6,850 crore, driven by major contributions from Azim Premji and Shiv Nadar. The number of UHNI donors grew from 100 to 120 between 2020-21 and 2022-23, with 70 consistent donors and 50 contributing sporadically. This reveals significant potential for more sustained engagement.
29.08 / 10:45
MET security community wellness cover travelers How a 55-year-old Bhopal architect built a ₹2 crore NPS corpus for retirement
Read this | How this Mumbai couple rebuilt their finances after going bust "I needed an advisor I could meet in person when I wanted. Mumbai was not feasible," Khare explains. In 2021, she met Jitendra Solanki, a Ghaziabad-based registered investment advisor specializing in financial planning for families with special-needs children.
29.08 / 09:47
Citi Digital Booking Progressive CEO Sustainability students Delhi CEO compares Bengaluru's startup scene to Kota's JEE craze in 2005. Check four reasons behind it
Bangalore's current startup ecosystem and Kota, the coaching hub for IIT JEE aspirants in 2005. He refers to this as the "ecosystem delusion," where an environment rich in resources and networking opportunities can sometimes create a false sense of achievement among its participants. He listed four reasons why a «Bengaluru today reminds him of Kota of 2005». In Kota, thousands of students flocked to the city, assuming that merely being in the same place as the top achievers, attending the same coaching classes, and having access to the best resources would guarantee their success. However, only a small fraction of them actually cleared the IIT JEE, while the majority fell into the trap of complacency—believing that proximity to success was the same as putting in the hard work required to achieve it. In his post, Deshpande referred to Kota as the «Mecca of IIT-JEE,» highlighting that it fosters a well-crafted environment for success. «Each year, one coaching institute alone produces around 4-5 top rankers with single digits. Students have access to exceptional teachers, the finest books, and an infrastructure designed to promote success—everything from mess facilities to photocopy shops and rental PGs,» he explained.
29.08 / 07:39
markets Citi Provident CEO security Metro trends Urban Vault leases 1 lakh sq ft of prime office space in Brigade Summit, Whitefield, Bengaluru
Urban Vault, a managed co-working firm, has leased 100,000 sq ft of office space at Brigade Summit, a mixed-use project by Brigade Group in Whitefield, Bengaluru as the firm plans to expand the business to meet the increasing demand for managed workspaces. The new facility will include more than 2,000 desks and will see Urban Vault—a self-funded, bottom-line-driven company enter the Whitefield micro market that is witnessing many flexible operators expand operation. «The demand for prime office space has significantly revived. Large and medium-sized corporations are now preferring hassle-free managed office space from operators,» Urban Vault, Co-founder and CEO, Amal Mishra said.
29.08 / 07:28
Target Remark love Justice country Like Kim Jong-Un, she can't tolerate her opposition: BJP's Giriraj Singh reacts to CM Mamata's remarks
West Bengal CM Mamata Banerjee's «If you burn Bengal, Assam, North-East, Uttar Pradesh, Bihar, Jharkhand, Odisha, and Delhi too shall burn!» remarks, Union Minister Giriraj Singh on Thursday compared Mamata Banerjee to North Korea' Supreme Leader Kim Jong-Un and said Mamata can't tolerate her opposition similar to him. Taking the reaction further, Singh said that this can't be the language of a democratic person. On West Bengal CM Mamata Banerjee's speech, Union Minister Giriraj Singh said, «This can't be the language of a democratic person, of a Chief Minister. North Korean leader Kim Jong-Un doesn't tolerate his Opposition. Similarly, Mamata Banerjee doesn't tolerate the words of her Opposition.»
28.08 / 16:54
Waters Assurant Remark WhatsApp show Himanta Biswa Sarma confronts Mamata Banerjee over alleged threat to Assam
West Bengal chief minister Mamata Banerjee remarking that Assam will burn, Assam chief minister Himanta Biswa Sarma asked how she dared to threaten the state. West Bengal is witnessing protests over rape-murder of RG Kar doctor in Kolkata. “Didi, how dare you threaten Assam? Don't show us red eyes. Don't even try to burn India with your politics of failure,” said Sarma in a post on X.
28.08 / 12:22
markets UPS Citi Metro Southern President reports Housing prices in this Delhi-NCR area jump by 69% in Q2 2024; know how much property price has risen in your city
Residential housing prices in the Delhi-National Capital Region (Delhi-NCR) jumped by 30% year-on-year during the April-June quarter of 2024, the highest among the top eight cities in India, according to the report. In the Delhi-NCR region, the average housing prices jumped 69% in Dwarka Expressway during the quarter under review. Meanwhile, the average housing prices soared 45% year-on-year in Greater Noida during Q2 2024, according to the report. «Both these markets saw select marquee projects by leading developers during the quarter within luxury and ultra-luxury segments,» the report said. Bengaluru came second in the list as the housing prices jumped by 28% year-on-year in the southern city, as per the report. In Bengaluru, «the Periphery & Outer East micro markets witnessed the highest price rise at 42% year-on-year. Ongoing Metro extensions and upcoming suburban rail projects are likely to further boost residential activity, especially in Inner East and Periphery and Outer North micro-markets,» the report added. «1BHK apartments continued to see healthy demand, with their prices rising at 44% year-on-year followed by 4BHK configuration at 29% year-on-year rise,» the report said.
28.08 / 07:33
markets Manufacturing wellness show strain Are the growth wheels coming off in the cars segment?
Tata Motors 36 times. If demand fails to match expectations, earnings growth could suffer, and so could their stocks. Another second-order impact of weak demand could be on vehicle loans.
28.08 / 04:11
Citi MET reports Department Schools Surat weather: Schools shut, trains affected as heavy rains lash Gujarat city
Heavy rains lashed Gujarat and created a flash-floods like situation in several parts of the state. Meanwhile, Surat received 4 cm of rain as per India Met Department and will continue to receive isolated heavy rainfall on Wednesday.
27.08 / 21:41
UPS awards 2020 Courts rights International Suraksha Group puts Rs 250 cr in Jaypee Infratech, gets Rs 3K cr loan facility to complete 20K flats
Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a Rs 3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Around Rs 1,000 crore cash is lying in the balance sheet of the Jaypee Infratech Ltd, which the bankrupt company has accumulated from real estate business and toll income of Yamuna Expressway that connects Greater Noida and Agra. According to sources, Suraksha Group has infused Rs 250 crore in Jaypee Infratech Ltd (JIL) as equity and debt after taking control of the latter in early June. JIL currently has Rs 1,250 crore fund, including Rs 1,000 crore internal cash and Rs 250 crore infusion from Suraksha group.
27.08 / 20:37
FIVE WhatsApp Justice prevention Courts Kavitha gets bail in Delhi excise case
Supreme Court Tuesday granted bail to Bharat Rashtra Samithi (BRS) leader K Kavitha, an accused in the alleged irregularities linked to the Delhi government's now-scrapped excise policy. «Investigation is complete and chargesheet has been filed. Custody of Kavitha is not necessary,» a division bench headed by Justice BR Gavai said. «The likelihood of trial being concluded in the near future is impossible. As said in various pronouncements of this court, undertrial custody should not turn into a punishment,» it ruled. The bench took exception to the Delhi High Court's observation that an educated, sophisticated woman is not entitled to bail under the beneficiary provision for women under the Prevention of Money Laundering Act. The high court had made the observation while turning down the bail plea of Kavitha, an ex-MP and daughter of former Telangana chief minister K Chandrashekhar Rao. The high court in July held that she was not a vulnerable person.
27.08 / 19:53
FIVE Justice show country Courts Investigations K Kavitha walks out of Tihar jail after five months
K Kavitha walked out of the Tihar jail on Tuesday evening after being granted bail by the Supreme Court. She was arrested by the Enforcement Directorate (ED) in an alleged money laundering case linked to the Delhi excise policy scam. «Entire country knows I was put in jail for political reasons. I have done nothing wrong,» said Kavitha upon release.
27.08 / 18:34
Man WhatsApp country Sporting Indian Navy's frontline warship 'Mumbai' makes first visit to Sri Lanka
Colombo on Monday on a three-day visit to Sri Lanka during which it will also engage in a Passage Exercise with a Sri Lanka Navy vessel. The Indian Navy's frontline warship was welcomed by the Sri Lanka Navy in compliance with naval traditions, the island nation's navy said in a press release. INS Mumbai, a 163-metre-long Destroyer, is manned by a crew of 410 members. This is the ship's first visit to any port in Sri Lanka and will be the eighth port call by Indian ships this year, the Indian High Commission said in a press release on Sunday. Its commander Captain Sandeep Kumar called on the Commander Western Naval Area, Rear Admiral Chinthaka Kumarasinghe at the Western Naval Command Headquarters upon the ship's arrival.
27.08 / 18:09
Universities Updates Delhi University UG Admissions 2024 LIVE updates: Round 2 allotment results out today on admission.uod.ac.in at 5pm
Delhi University UG Admissions 2024: Steps to check round 2 results• Visit the official website of Delhi University admission at admission.uod.ac.in• Click on the link to check UG Admissions 2024 Round 2 allotment results• Login using the necessary credentials and click on submit• Check the Round 2 allotment results• Keep a hard copy of the same for future referencesStay tuned with LiveMint for further updatesDelhi University UG Admissions 2024 LIVE: Delhi University will announce the Round 2 seat allotment results for Undergraduate Admissions 2024 on Sunday, August 25.
27.08 / 18:03
UPS Citi Booking Food concert pop Features You can now order food 2 days in advance on Zomato! Check details of new feature
Food delivery giant Zomato has an exciting new feature for customers. Food lovers can now book orders up to two days in advance. Orders can now be scheduled from no less than 13,000 eateries around Delhi, Mumbai, Chandigarh, Lucknow, Jaipur, and Bengaluru if they exceed Rs 1,000. Goyal mentioned that these establishments were chosen due to their history of maintaining ample stock and consistently preparing meals on time. These restaurants have consistently ensured a well-stocked inventory and have shown reliability in their kitchen operations. More restaurants and cities will be included in the future, and the service will soon be available for all orders. «Improve your meal planning by placing orders up to two days ahead, and we’ll ensure timely delivery,» Goyal shared in a social media update.

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