City Delhi Financial News
06.08 / 23:59
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Day after Bangladesh Prime Minister Sheikh Hasina resigns, hunt on for law & order
Bangladesh President Mohammed Shahabuddin dissolved Parliament on Tuesday to make way for the formation of an interim administration and released former prime minister Khaleda Zia from detention, a day after Sheikh Hasina resigned as PM and fled the country amid escalating protests and civil unrest. Negotiations on composition of the interim administration continued through the day, even as law-and-order situation deteriorated, with attacks on minorities and Indian assets, including the Indira Gandhi Cultural Centre in Dhaka, according to people familiar with the matter. The police, facing wrath of protesters-dozens of whom were reportedly killed in firing in recent weeks-issued an apology and declared an indefinite strike. 'US revokes Hasina visa, UK refuses asylum'
06.08 / 13:22
FIVE
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As Bangladesh descends into chaos, India’s trade and security hang in balance
Mint the political crisis in Bangladesh could hinder India’s plans to boost exports to the neighbouring country. “If the situation worsens, which is highly possible, Bangladesh may stop importing Indian goods and seek other countries to meet their domestic needs," the official said, declining to be identified. Other experts said India faces losses in multiple trade segments due to the Bangladesh crisis, which could turn into opportunities for competitors like Vietnam and China.
06.08 / 09:03
Aviat
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2020
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Traffic
Explainer: IndiGo adjusts flight path. Tailwinds or headwinds?
Mint explains the rationale for these moves and what it entails for the future of IndiGo and the Indian aviation ecosystem. After covid-related restrictions were eased in May 2020, India’s aviation ecosystem recovered strongly. The visible signs of an expanding economy, a growing middle class, and higher disposable income were credited with for boosting travel across metros and smaller cities.
06.08 / 05:45
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K Hospitality planning Rs 2,500-3,000 crore IPO
food services group K Hospitality Corp plans to list the business on Indian stock exchanges with a Rs 2,500-3,000 crore initial public offering, said people aware of the development. The operator of restaurants and cafes, food courts, and airports stores with brands such as Copper Chimney, Bombay Brasserie, Cafeccino, and The Irish House has hired Kotak Mahindra Capital and ICICI Securities to manage the IPO process, they said.
06.08 / 02:10
markets
Provident
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Dating app Juleo raises $2.5 million in funding
Dating app Juleo which aims to solve the matchmaking crisis has raised $2.5 million in a funding round from Livspace founder Ramakant Sharma, Cred founder Kunal Shah, Acko cofounder Ruchi Deepak, and Groww founders Harsh Jain and Lalit Keshre, among others. The funds will be used for building the team as well as for growth and marketing efforts. “Dating app burnout and mental health issues sadly affect singles globally today. We intend to build a trusted club for singles that provides them with a safe, trustworthy, and responsible service to find real love,” said founder and chief executive Varun Sud.
05.08 / 17:29
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Air India, IndiGo cancel flights to Dhaka
IndiGo cancelled scheduled flights to and from Dhaka with immediate effect on Monday due to the emerging situation in the wake of Bangladesh Prime Minister Sheikh Hasina resigning amid unprecedented anti-government protests. A Vistara official said it operated the flight from Mumbai on Monday and the situation is being monitored for operations to Dhaka on Tuesday. While Air India operates two daily flights from Delhi to Dhaka, Vistara flies daily flights from Mumbai and three weekly services from Delhi to the Bangladesh capital. IndiGo has flights to Dhaka from the national capital, Mumbai, Chennai and Kolkata. The number of flights that are operated by the airline could not be immediately ascertained.
05.08 / 17:25
wellness
Actor
country
Honoured and flattered that Sheikh Hasina feels safe in Bharat: Kangana Ranaut
Kangana Ranaut on Monday said it is a matter of great honour that Bangladesh leader Sheikh Hasina «feels safe in Bharat» after Hasina resigned as prime minister and landed near Delhi in a military aircraft amid unrest in her country. Ranaut, a national award-winning actor and BJP MP from Mandi in Himachal Pradesh, also criticised those questioning "Hindu Rastra (a Hindu nation)". She claimed that Muslim countries are not safe «even for Muslims». «Bharat is the original motherland of all Islamic Republics around us. We are honoured and flattered that honourable Prime Minister of Bangladesh feels safe in Bharat but all those who live in India and keep asking why Hindu Rashtra? Why Ram Rajya? Well it is evident why!!! »No one is safe in Muslim countries not even Muslims themselves. Unfortunate whatever is happening in Afghanistan, Pakistan, Bangladesh and Britain. We are lucky to be living in Ram Rajya," the 38-year-old MP, who has often courted controversies with her remarks, said in a post on X.
05.08 / 13:18
COST
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Bangalore remains frontrunner in GCC office leasing, followed by Hyderabad Chennai
Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin's latest report. This growth is expected to continue, especially in India's top six metropolitan areas like Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai, due to factors which boast exceptional talent pools that are conducive to expansion and future development. In the first half of 2024, office leasing activity in the GCC (Gulf Cooperation Council) region across six significant cities increased 8% year-on-year. During the same period, GCCs contributed to around 37% of India's total office leasing activity.
05.08 / 13:07
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Parke
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Sheikh Hasina lands at Hindon Air Base, after resigning as Bangladesh PM
Sheikh Hasina, who resigned as Bangladesh Prime Minister following massive anti-government protests, landed at Hindon Air Base in a C-130 transport aircraft on Monday, as per ANI sources. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, the sources added. Hasina resigned on Monday and left the country, reports from Dhaka said.
05.08 / 12:57
Airlines
security
Metro
stars
reports
Sheikh Hasina lands on this sleepy unknown airport in Ghaziabad amid crisis in Bangladesh
Sheikh Hasina has landed at Hindon Air Base in a C-130 transport aircraft, reported news agency ANI. The move of Hasina comes as the airport remains under protection with fewer flights operating from the base. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, reported ANI quoting its sources. Hindon Airport is a Civil Enclave in Ghaziabad Distt. of Uttar Pradesh, operated by the Airports Authority of India at Hindan Air Force Station. It is the second commercial airport in the Delhi NCR which is around 24km from New Delhi Railway Station connected by Major Mohit Sharma Rajender Nagar Metro Station of Ghaziabad, after Indira Gandhi International Airport,Delhi. This airport built to handle domestic flights operating under the Government's Regional Connectivity Scheme (RCS) operated by Airports authority of India.
05.08 / 11:33
04.08 / 21:07
markets
COST
Apple
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Xiaomi
track
There's a China connection to why eSIMs haven't taken off in India
iPhone was stolen in the bustling Chandni Chowk market in Delhi, he smirked and told his friends to remain calm. The police were able to track the device within 30 minutes as it had an embedded SIM (eSIM) which cannot be physically removed from the phone unlike a normal SIM Card. An eSIM can be tracked even when a phone is switched off. In another instance, an oil refinery in Assam was able to fix leakages and prevent accidents within a few seconds as several Internet of Things (IoT) devices with eSIMs sent live alerts to a centralised provisioning system. Virtual SIMs or eSIMs offer several advantages to retail and enterprise phone users. However, the pace of adoption in India has been sluggish so far, mainly due to a Chinese government policy, executives and experts said.
04.08 / 20:20
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exclusive
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Delhi High Court assigns special CBI court to speed up trial in biggest bank fraud
Delhi High Court has designated a special CBI Court to expedite the trial of India's biggest bank fraud. The Central Bureau of Investigation (CBI) has charged Dheeraj Wadhawan, Kapil Wadhawan-promoters of embattled Dewan Housing Finance Ltd (DHFL)-and several others in the alleged loan fraud of Rs 34,614 crore. The orders of the Delhi High Court designating a special CBI Judge to exclusively deal with the DHFL case were received on August 1. It is pertinent to mention that considering the gravity of the case and the enormous amount of documents filed by the CBI, number of accused and hundreds of witnesses involved, a special CBI Court had written to the High Court. In April this year, a special CBI Court had shared the information of the case with the High Court with a request to designate «one special court for doing this matter only». Special CBI Judge Ashwani Kumar Sarpal, in a judicial order passed on April 27, had highlighted the fact that the documents filed by the CBI run into over 330,000 pages and are kept in 26 trunks.
04.08 / 12:10
markets
Citi
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Delhi NCR embraces luxury housing, affordable housing sales dip: Anarock
luxury housing segment. Latest data from the real estate consultancy firm indicates that out of NCR's total housing sales of approximately 32,200 units during January-June 2024, over 45 per cent share was in the luxury segment, and 24 per cent in the affordable segment. Back in 2019, sales of luxury homes were a mere 3 per cent while the affordable sales share stood at 49 per cent.
04.08 / 11:43
BLOCK
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Extremely heavy rainfall expected in several states, Check full list here
heavy rainfall is currently affecting several regions of India as the monsoon enters its active phase. IMD scientist Dr. Naresh Kumar on Sunday announced that western Madhya Pradesh, eastern Rajasthan, Gujarat, the Konkan region, Goa, and Maharashtra are all on high alert, with a red alert issued for these areas. However, the Delhi-NCR region is expected to remain dry for the next two days.
04.08 / 11:24
04.08 / 10:54
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Weekly Tech Recap: Apple rolls out AI features with iOS 18.1 developer beta, Nothing Phone 2a Plus launched and more
iPhones, iPads and Macs. Users running iOS 18.1, iPadOS 18.1, and macOS 15.1 Developer Beta can now experience enhanced features such as Siri's contextual awareness, automatic movie creation in the Photos app, and advanced writing tools, while Safari has been updated with the AI-powered Summarize feature, which provides concise summaries of web pages and articles.Delhi Metro Rail Corporation (DMRC) upgraded its ticketing system on WhatsApp to allow users to recharge their metro smart card right from the Meta owned app.
04.08 / 06:51
COST
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Remark
students
Interviews
Super 30's Anand Kumar predicts 90% coaching centres will disappear in next 10-15 years. Here's why?
coaching centres will shut down within the next 10 to 15 years. This forecast follows a tragic incident in Delhi's Old Rajinder Nagar area, where three civil services aspirants tragically drowned on July 27 due to flooding in a coaching centre's basement. In an interview with ANI, Kumar emphasized the need for a shift towards online education. «With the current pace of developments, I foresee a major transition in the coaching sector. Only a small fraction of online educational experiments have been conducted so far. Once high-quality online content and effective teaching methodologies are developed, online coaching will become more prevalent due to its cost efficiency and convenience for students,» Kumar stated.
04.08 / 02:12
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Inside
social
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AAP MLA alleges negligence at Asha Kiran Shelter Home; demands action from Delhi LG over deaths
AAP MLA Kuldeep Kumar alleged negligence in 'Asha Kiran,' a Delhi government-run shelter home for the 'intellectually retarded' and demanded action by Lieutenant General VK Saxena against the accused officials. After visiting the shelter home, AAP MLA Kuldeep Kumar said, «We saw a lot of negligence inside. We interacted with the children. We demand that Delhi LG should take action against the officers involved in the matter.» The AAP MLA questioned why the shelter home was under an administrator who was arrested by the CBI in 2016 for taking a «bribe» and remained suspended for five years.
04.08 / 01:23
Remark
Food
Fastenal
reports
medicines
rowing
Wayanad landslides: BJP trying to communalise entire situation, says CPI General Secretary D Raja
BJP leader Gyandev Ahuja's remarks over disaster-hit Wayanad district in Kerala, Communist Party of India (CPI) General Secretary D Raja said that the BJP is trying to 'communalise' the entire tragedy. Speaking to ANI, CPI General Secretary D Raja said, «A tragedy occurred, and people are suffering. Our and several other parties are working on how to help the people- financially, supplying relief material, and shelter. People need food, shelter and medicines. BJP is trying to communalise the entire situation...» «What is your responsibility as the political party of the country,» questioned the CPI leader.
03.08 / 15:30
FIVE
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wellness
Justice
Courts
Investigations
Swati Maliwal assault case: Bibhav Kumar's arrest necessary as per law, says Delhi HC
Kejriwal's close aide Bibhav Kumar in a case concerning alleged assault on AAP MP Swati Maliwal was «necessary» and police strictly followed the law while doing so, the Delhi High Court has said. The court, which on Friday dismissed Kumar's petition that claimed his arrest was illegal, said in its written judgment that there was no merit in his plea. Kumar, currently in judicial custody, allegedly assaulted Maliwal at Kejriwal's official residence on May 13. He was arrested by the Delhi Police on May 18. In his plea, Kumar had sought a direction to declare his arrest as illegal and in gross violation of the provisions of section 41A (notice of appearance before police officer) of the Code of Criminal Procedure (CrPC) and against the mandate of the law.
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