City Delhi Financial News

Delhi High Court on Wednesday quashed proceedings against Hero MotoCorp Chairman Pawan Munjal in connection with a foreign currency case registered by the Directorate of Revenue Intelligence in 2022. Justice Manoj Kumar Ohri “allowed” the Munjal’s appeal seeking quashing of all proceedings pending before the Additional Chief Metropolitan Magistrate, Patiala House Court. It also set aside the Additional Chief Metropolitan Magistrate's July last year’s order that summoned Munjal in the case.

Venue top model price holds an advantage over the Altroz, but the latter claws background with its extra equipment. Here's a breakup of their on-road Delhi prices:Tata Altroz XZ+ Diesel: Rs. 12.58 lakhsHyundai Venue SX(O) Diesel: Rs.

Realty developer TARC Ltd has appointed Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi and its upcoming development TARC 63A located in Gurugram. TARC Kailasa is 2.80 million square feet luxury residential development spread across five 40-storey towers. TARC 63A Gurugram is an upcoming project, estimated to have more than 1.80 million square feet of luxury residential development spread across five 45-storey towers. “As we move forward in our journey of developing world class luxury residential projects in New Delhi and Gurugram, we are forging partnerships with the best in the world. Arabian Construction Company is known to efficiently deliver high quality developments across their 50 years of experience with the highest standards of safety, sustainability and professionalism besides specializing in construction of high-rise buildings. We want to bring the best consultants and engineers for our customers to deliver nothing less than the best,” said Amar Sarin, Managing Director & CEO, TARC Ltd.

Niti Aayog meeting scheduled for July 27 in Delhi to protest what Chief Minister Siddaramaiah called “raw deal” to the state in the budget Finance Minister Nirmala Sitharaman presented on Wednesday.

wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24. In line with its growth strategy, the Delhi-headquartered company has set its sights on an Initial Public Offering (IPO) to fund its expansion plans. Jungle Camps India clocked a total revenue of Rs 18.10 crore and a profit after tax (PAT) of Rs 3.59 crore in FY24, compared with total revenue of Rs 11.24 crore and PAT of Rs 45 lakh in FY23, registering a healthy growth of 61 per cent in revenues and a five-fold jump in profit.

Delhi police arrested a man dressed as 'Spider Man' for violating traffic rules. The incident occurred on Dwarka Road, where the individual was seen sitting on the bonnet of a car.

Delhi-NCR experienced a heavy spell of rain, bringing much-needed relief from the persistent humid weather. The India Meteorological Department (IMD) issued a yellow alert for the national capital and surrounding areas, indicating the possibility of more showers throughout the day. A yellow alert signifies heavy rainfall between 6 cm and 11 cm.

temperature of 36.2 degrees Celsius, 1.3 notches above normal, according to the weather department The relative humidity at 5.30 pm stood at 68 per cent. The city will be on «yellow» alert for the next two days, the IMD said. The weather office has forecast moderate rainfall for Wednesday, with the maximum and minimum temperatures likely to hover around 34 and 26 degrees Celsius, respectively. The Air Quality Index (AQI) of the national capital was recorded in the «satisfactory » category with a reading of 93 at 6 pm, according to the Central Pollution Control Board.

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

Tata Nexon price ranges from Rs. 9.17 L to Rs. 18.36 L (on-road price Delhi).

The Swift top model price stands at ₹9.9 lakhs in Delhi NCR, which remains under the crucial ₹10 lakhs budget mark psychologically for mass-market buyers.Factor in Maruti’s widespread sales and service network, this top-spec Swift becomes an appealing blend of distinctive style, essential creature comforts, efficient petrol power and brand reliability accessible to many. Especially young professionals, small families and working women buyers find immense value in spending under ₹10 lakhs.Over multiple updates, Swift’s design legacy focused on energetic Euro-inspired looks has persisted, earning a global fan following.

Delhi's bustling Sadar Bazaar has become the latest target for a notorious gang employing a unique tactic to commit theft. Known as the "Khujli Gang," these thieves use specially formulated powders to induce intense itching, diverting their victims' attention and providing an opportunity to steal their belongings, a TOI report stated.

Rouse Avenue Court has extended the judicial custody of Manish Sisodia and other accused till July 26, according to news agency ANI.

Delhi High Court judge Justice Amit Sharma on Monday recused himself from hearing the bail plea of former JNU student Umar Khalid in a UAPA case related to the alleged larger conspiracy behind the riots here in February 2020. The matter was listed for hearing before a division bench of Justice Prathiba M Singh and Justice Sharma. This has to go before another bench, Justice Singh said. «List before another bench, of which Justice Amit Sharma is not a member, on July 24,» the court ordered.

Delhi traffic police have issued an advisory in preparation for the Kanwar Yatra, scheduled from July 22 to August 2, anticipating a significant influx of devotees in the national capital. According to the advisory, heavy traffic congestion is expected in various parts of Delhi, particularly in the eastern and western regions, as well as for commuters coming from Noida and Gurgaon. The Kanwariyas, who will pass through Delhi on their way to destinations in Haryana and Rajasthan, are expected to number between 1.5 to 2 million this year. To manage this large movement, traffic police have arranged for separate routes to minimise inconvenience for both local residents and devotees.

MoEFCC) plans to promote urban biodiversity to mitigate pollution, provide cleaner air, reduce noise, and harvest water, the official added. Further, pointing out that biodiversity will help issues such as spiralling mosquito population and monkeys moving into cities due to lack of green spaces, the official also noted that water conservation and crop production are other concern areas that can be addressed with urban forests. “If you look especially at South Delhi, the water table is depleting faster and many plants are needed to restore greenery," the person said.

PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents about a 20% haircut to lenders' principal amount, estimated at ₹2,900 crore, and 64% recovery of total dues, including interest of ₹3,500 crore, said people familiar with the details. PC Jeweller informed stock exchanges over the past month that six of the 14 lender banks have agreed to the OTS proposal. It, however, did not disclose the settlement details. The lenders include Union Bank of India, SBI, IndusInd Bank, Punjab National Bank, Karur Vyasya Bank and Axis Bank. «Each bank will have to take separate internal approvals for the transaction. Banks expect to complete the process, including taking equity stake in the company in the next three to four months,» said one of the persons cited above.

VVIP chopper case passed away last month. Former IAF official Group Captain Navyath Santosh, who was charged by the Central Bureau of Investigation (CBI) along with three other ex IAF officials, passed away on June 28. This was informed by his counsel, earlier this month, to the Delhi High Court. It is pertinent to mention here that even after over eleven years a probe was launched into the ₹3,600 crore VVIP chopper case and even after over a dozen chargesheets filed both by CBI and ED, the trial is yet to commence. According to the CBI, its investigation into the case is still not complete. The CBI had in December 2022 moved an application before the lower court seeking to segregate the trial in a bid to kickstart the trial. Vide the said application, the CBI had argued that the accused who have joined the probe cannot be denied their «right to speedy trial.» However, the application has not yet been decided. For the CBI moved the Delhi High Court in December 2022 challenging orders passed by the special CBI court permitting a co-accused to inspect documents not relied upon by the agency.

kanwar route to display owners' names, NEET paper leaks and spike in terrorist attacks in J&K echoed loudly at the all-party meeting called by the government on the eve of Parliament's monsoon session. The meeting was chaired by defence minister Rajnath Singh and 55 leaders from 44 parties attended the gathering. Congress' Lok Sabha deputy leader Gourav Gogoi demanded that Deputy Speaker's post be given to the Opposition. He also raised NEET-NET paper leaks and internal security situations in J&K and Manipur. He strongly opposed the BJP-led UP government's unconstitutional order on kanwar yatra, worsening railway safety and Agniveer scheme, party leader Jairam Ramesh posted on X. Ramesh later said that leaders demanded that the Central Hall be opened again for MPs to mingle with each other. Samajwadi Party's Rajya Sabha floor leader termed UP's Kanwar order «unconstitutional». He said after the meeting: «This is a way to harass minorities and the entire Opposition is united on this issue.» CPIM leader John Brittas said the pilgrimage routes should not be used to divide the society. Most Opposition parties including RJD, CPI, AAP, IUML, AIMIM spoke strongly against the order. BJP's erstwhile ally SAD also criticised the order.

LEH: Expanding its probe into the seizure of 108 kilogrammes of gold bars from the Line of Actual Control (LAC) along the India-China border, the Directorate of Revenue Intelligence (DRI) found that gold bars were smuggled from seven countries, including the United States, Canada, Germany, Saudi Arabia and Dubai, and were brought to Tibet, from where they were meant to be smuggled into India. A total of five suspects, including a couple who ran two cafes in upmarket Leh, have been arrested and taken to Ludhiana for interrogation by a joint team of the DRI, customs and Intelligence Bureau, officials told ET. They said the couple, identified as Tender Tashi and Tashi Dolma, recruited Tenzin Samphel, a native of Hanley in eastern Ladakh, who in turn hired two couriers, Tenzin Targy and Tsering Chamba, from Hanley. The interrogation of the suspects revealed the name of the alleged kingpin, who is believed to be based in Delhi and is presently on the run, according to the people.

goods train derailed in Alwar Yard in Rajasthan in the early hours of Sunday, Railway officials said. According to CPRO, North Western Railway, «It happened on side line of the yard hence traffic movement on Delhi-Alwar route remained unaffected.» The incident happened at 2:30 am, the officials said. «The Alwar-Mathura route was affected but since there was no passenger or freight train during that time it didn't effect train operations,» he added.