City Delhi Financial News

28.03 / 16:47
COST Food Bill Trade Justice guidelines Courts Delhi HC rules service charges or tips on food bills voluntary, not mandatory
It upheld the 2022 guidelines issued by the Central Consumer Protection Authority (CCPA) that prohibited hotels and restaurants from automatically levying a 'service charge' on food bills, reinforcing that these payments must remain voluntary. Dismissing the petitions filed by the Federation of Hotels and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI), which challenged the CCPA’s power to issue such guidelines, Justice Prathiba M Singh said that the Authority is not merely a recommendatory body but is fully empowered and has the jurisdiction to pass the guidelines under the CPA, 2019. “In fact, issuing guidelines in consumer interest is an essential function of CCPA and the guidelines would have to be mandatorily complied with as the scheme of the Act clearly provides for enforcement of guidelines, which would not curtail fundamental rights it held.
28.03 / 16:47
UPS Aware Southern Research Experts 2020 The Great Himalayan Earthquake: A matter of 'when' not 'if'
In India, the Himalayas are most prone to earthquakes. Experts have highlighted the possibility of a 'Great Himalayan Earthquake'. Any major seismic activity in the region always brings to fore this vulnerability. The impact of such a large earthquake of magnitude of 8 or above can also impact the National Capital Region of Delhi. A matter of 'when' not 'if' American geophysicist Roger Bilham has warned that the Himalayas are the only place in the world where a large quake can occur on land. «India slides 2m beneath the southern edge of Tibet every century. Unfortunately, its northern edge does not slide smoothly but is hung-up (by friction) for hundreds of years and catches up in minutes when this friction is overcome. The slip events, which we call earthquakes, are the inevitable and unavoidable consequence of this motion,» Bilham had told TOI in an interview in 2020. Bilham has explained why the Great Himalayan Earthquake is inevitable even though experts can't say exactly when it can happen. «Great earthquakes with magnitudes exceeding 8 on the Richter scale have been occurring in the Himalayas every few hundred years. We have geological evidence that earthquakes as large as M=8.7 have occurred many times in the past 2,000 years. However, no magnitude 8 earthquakes have occurred in the past 70 years to release the pressure in the Himalayan arc. Two or more regions of the Himalayas must soon rupture in a great earthquake. It is not a matter of “possibly”. They must occur. Unfortunately, scientists are unable to offer any insight into their precise timing,» Bilham had told TOI.
28.03 / 07:33
Citi Waters Strategy economy reports Schools Traffic Tackling air pollution is an economic imperative, not just a health crisis
Subscribe to enjoy similar stories. Even as air pollution chokes Indian cities, nearly ₹858 crore allocated by the central government for pollution control in 2024-25 remains unspent.
28.03 / 03:51
markets UPS Target Booking Sustainability DLF's ₹1 trillion bet: Can the real estate major stay ahead of a cooling market?
Subscribe to enjoy similar stories. India’s real estate boom has fuelled record sales and soaring margins for DLF, the country’s largest property developer after Macrotech Developers. Now, the company is setting its sights on an ambitious goal—zero debt, luxury market dominance, and ₹1 trillion in new bookings over the next five years.
27.03 / 15:53
UPS Career show performer stage bowling 'Lord' Shardul Thakur gets Purple Cap: From unsold to getting the , how the all-rounder dismantled SRH's destructive batting line-up
IPL 2024 auction, Shardul Thakur made a roaring comeback, proving his worth on the big stage. The pacer, who went without a bid initially, was later roped in by Lucknow Super Giants as a replacement—and he wasted no time in making an impact. Facing the Sunrisers Hyderabad’s explosive batting lineup, Thakur delivered a stunning performance, rattling the opposition with his fiery spell. His crucial breakthroughs by getting rid of Abhishek Sharma and Ishan Kishan dismantled SRH’s top order, restricting them from running away with the game. He went on to pick Abhinav Manohar in the 17th over, getting the purple cap with 5 wickets in the season already. Known for his ability to strike at crucial moments, Thakur’s spell was a game-changer, as he also was on a hat-trick in the powerplay itself, sending Kishan, who scored a ton in the previous match, for a golden duck. Thakur’s brilliance was not a one-off show. In the previous match against Delhi Capitals, he had already signaled his return to form by picking up two key wickets, helping Lucknow tighten their grip on the contest.
27.03 / 10:37
FIVE Ball Death show reports International bowling IPL 2025 SRH vs LSG pitch & weather report: How will the surface at Rajiv Gandhi Stadium play for today's match?
The previous season's runners-up made an early impact by posting the league’s second-highest total. As SRH gets ready for today’s match, it’s unlikely they’ll change their aggressive approach, making it possible for them to become the first team to score 300 runs in an IPL inning. In the first five matches, 119 sixes were hit, with 30 coming from the SRH-RR game. The Sunrisers will be eager to take on the LSG bowling attack, which is missing key players Avesh Khan, Mayank Yadav, Mohsin Khan, and Akash Deep due to injuries.Avesh has been cleared to return, but it will be interesting to see how he fares in his first match since January. He’ll face SRH’s strong top order, including Ishan Kishan, Travis Head, and Abhishek Sharma, all in excellent form. Nitish Kumar Reddy, making a comeback from injury, showed no signs of trouble with a rapid 30 off 15 balls. With Heinrich Klaasen waiting in the wings, LSG's bowling attack faces a significant challenge.
27.03 / 10:37
markets Reuters Southern Food Investigations International Sporting Bureau of Indian Standards seizes products from Amazon, Flipkart warehouses as crackdown intensifies
Amazon and Flipkart this month, seizing items that did not meet quality control standards, as it increased its scrutiny of the two firms. Last week, the Bureau of Indian Standards conducted similar searches at the companies' warehouses in the southern state of Tamil Nadu, saying they stored, sold, and exhibited items that did not have a required standards label. Amazon and Walmart-owned Flipkart have said they comply with local laws. They did not immediately respond to Reuters' requests for comment on the Delhi raids.
27.03 / 06:53
markets UPS Citi Manufacturing FLEX trends Office leasing in India’s top 7 cities up 15% in Q1 2025
office leasing across the top seven cities reaching 15.9 million square feet in the first quarter. This represents a 15% year-on-year (YoY) increase, driven by strong demand for Grade A office spaces. Bengaluru and Delhi-NCR led the leasing activity, collectively accounting for nearly 50% of total transactions and absorbing two-thirds of new supply introduced during the quarter. Among other key markets, Chennai witnessed a significant 93% surge in leasing, doubling its Q1 2024 absorption levels. The city’s strong performance was primarily fueled by major technology firms signing large deals. Some of the major leasing deals during the quarter includes Applied Materials leasing 835,000 sq ft in ITPL, Whitefield (Bengaluru), Tata Consultancy Services taking up 690,000 sq ft in Ozone Tech Park, OMR (Chennai), JP Morgan Chase & Co. leasing 559,700 sq ft in Embassy Tech Village, ORR (Bengaluru), Walmart securing 465,400 sq ft in CapitaLand, Radial Road (Chennai), Intuit leasing 456,700 sq ft in Embassy Tech Village, ORR (Bengaluru)
27.03 / 06:45
UPS Twitter Digital Platform Entertainment Gemini social Jaspreet Bindra: Grok reflects the personality of its owner Elon Musk
Subscribe to enjoy similar stories. It was in October 2022 that Elon Musk was being grilled by Financial Times editor Roula Khalaf on his provocative usage of Twitter, and how it landed him so often in trouble with the establishment, the platform itself and other users (on.ft.com/4hDvxmi). Musk laughingly retorted, “Aren’t you entertained? I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble..." Musk has solved a large part of the problem by buying Twitter (now X) and becoming a part to the establishment.
27.03 / 06:15
markets trends Trade track Inside information Headlines How to spot the next Gensol before it’s too late
Subscribe to enjoy similar stories. If you’ve taken a ride in one of those blue-and-white BluSmart EVs at Delhi airport, you might not have guessed its link to a stock that’s been making headlines for all the wrong reasons. Gensol Engineering, tied to BluSmart through its common promoter Anmol Jaggi, has seen its stock crash nearly 80% from its peak amid allegations of falsified debt records.
26.03 / 19:09
FIVE WhatsApp IPL 2025: It is raining boundaries as several batting records are broken in the first five matches
IPL 2025 has just kickstarted with each of the teams having played at least one match, and multiple records have already been broken in the first five matches of the season. The league has become a paradise for the batters with flat pitches, short boundaries and thicker bats. The league tilting towards the batters was reflected as multiple batting records have been broken over five days. As many as 119 sixes were hit in the first five matches of the league- an average of 11.9 sixes per innings- comfortably surpassing the previous best of 88 sixes in five matches in 2023.
26.03 / 18:37
UPS Justice track information reports Courts 3-Judge panel to speed up probe into charges against Justice Sanjiv Varma
After having commenced their probe on Tuesday, the three judges will remain in New Delhi for the next few days to continue the probe and examine the allegations levelled against justice Varma. The three-judge committee will also examine justice Varma after perusing the evidence and information made available to it. «The objective is to ensure that the inquiry is completed without any undue delay. The inquiry has been fast tracked to dispel the misbelief, if any, that truth will be brushed under the carpet,» said an individual privy to the development. As per the laid-down procedure, the probe being carried out by the committee is «not a formal judicial inquiry involving the examination and cross-examination of witnesses and representation by lawyers». After completing its «fact-finding inquiry», the committee will submit its report to CJI Khanna. It remains to be seen whether SC will again make public the panel's «fact-finding inquiry» report. Previously, in an unprecedented move, the Supreme Court had decided to make public the «in-house inquiry» report prepared by Delhi High Court chief justice Devendra Upadhyaya on SC's website.
26.03 / 17:59
MET Opinion Justice Inside Courts rowing Cash row: Justice Yashwant Varma consults lawyers ahead of appearance before probe panel
Justice Yashwant Varma, from whose residence burnt cash was allegedly found, met a team of lawyers on Wednesday, ahead of his appearance before an in-house inquiry committee. According to sources, the high court judge sought legal opinion from senior advocates Siddharth Aggarwal, Maneka Guruswamy, Arundhati Katju and advocate Tara Narula who visited his Lutyens' Delhi residence. The three-member in-house committee appointed by the Supreme Court is expected to meet Justice Varma this week. The committee visited Justice Varma's 30, Tughlak Crescent residence here on Tuesday as it commenced its inquiry into the allegations against him. Chief Justice Sheel Nagu of the High Court of Punjab and Haryana, Chief Justice G S Sandhawalia of the High Court of Himachal Pradesh and Karnataka High Court Justice Anu Sivaraman were inside Justice Varma's residence for around 30-35 minutes. The findings of the crucial inquiry will decide the fate of Justice Varma who is facing allegations that «four to five semi-burnt sacks of Indian currency notes» were found at his home following a fire on March 14.
26.03 / 13:37
markets Manufacturing Justice patient medicines Courts Pharmaceuticals Delhi HC asks Natco Pharma to pause Risdiplam launch amid patent dispute
Delhi High Court on Wednesday asked Natco Pharma to maintain status quo on the launch of its drug Risdiplam till April 2. Risdiplam is an oral medicine for spinal muscular atrophy in patients two months of age or older. A Division Bench led by Justice Hari Shankar asked Hyderabad based generic drug manufacturer to hold on its hands till it heard the case on April 2. Swiss multinational F. Hoffmann-La Roche AG's had appealed against a single judge order that had refused to stop Natco Pharma from manufacturing Risdiplam in India for the rare disease.
26.03 / 04:51
FIVE WhatsApp Highways Traffic Neo Infrastructure Income Opportunities Fund to acquire two road assets for Rs 1,500 crore
Alternative Investment Fund (AIF), has signed definitive agreements to acquire two operational road assets from CDS Infra Projects for Rs 1,500 crore. The assets, developed under the National Highways Authority of India’s (NHAI) Hybrid Annuity Model (HAM), are located in Haryana and Punjab and form part of the 669-km Delhi-Amritsar-Katra Expressway. The transaction is subject to regulatory and NHAI approvals, along with customary closing conditions. NIIOF, the flagship core infrastructure fund of Neo Asset Management, focuses on acquiring derisked, operational infrastructure assets that generate stable and predictable cash flows. HAM road projects operate under 15-year concessions with NHAI, offering contracted revenues independent of traffic volumes, making them relatively lower-risk investments.
26.03 / 03:03
markets Provident Target BLOCK security Parke recommendations NBCC shares in focus after securing Rs 658 crore contracts in Uttarakhand and Delhi
NBCC shares will be in focus on Wednesday after the state-owned firm secured contracts worth a total of Rs 658 crore in Uttarakhand and Delhi. The company bagged a Rs 439 crore contract from the Uttarakhand Investment and Infrastructure Board (UIIDB) for multiple redevelopment projects in Haridwar. These include the Rodi Belwala Area Revitalisation, Sati Kund development, Har Ki Pauri and Subhash Ghat revitalisation, and the redevelopment of a parking and commercial area near the railway station.
26.03 / 03:03
Citi MET Booking Man shock Destinations First day in Delhi, woman's encounter with driver takes a shocking turn: 'When he realised I had no phone he said...'
Delhi, can be overwhelming. A woman recently experienced this firsthand when she shifted to the city without a working phone. Struggling to book a ride, she had to rely on shopkeepers and tea vendors for assistance, though some hesitated, fearing she might run away with their phones. However, on her first day in Delhi, she was left in utter disbelief after her driver realised that she did not have a phone and had to reach her PG. When she finally managed to book a ride, her driver, a man in his 40s, noticed that her destination seemed unsafe. Concerned for her well-being, he insisted on waiting until she reached her accommodation and met the PG owner. He explained that as a father himself, he wouldn’t mind spending extra time ensuring her safety. Since she only had cash and no digital payment options, she asked her mother to send money to the driver. However, he reassured her that payment wasn’t an issue and that he would earn more throughout the day. This unexpected act of kindness left her deeply moved, reaffirming her belief that good people still exist.
25.03 / 19:33
Provident Digital Action security guidelines Courts Investigations Competition Commission of India probes industry bodies for possible ad cartelisation
Competition Commission of India (CCI) is investigating whether the guidelines and advisories issued by industry bodies Indian Society of Advertisers (ISA), Advertising Agencies Association of India (AAAI) and Indian Broadcasting & Digital Foundation (IBDF) violated competition laws and promoted cartelisation in the advertising industry, according to probe-related documents seen by ET. The investigation was initiated following an August 2024 order by the CCI allowing its director-general to conduct a probe after receiving complaints about possible cartelisation in the advertising industry. The antitrust watchdog on March 18 and 19 searched the premises of these organisations and seized documents. In its application in February seeking approval for the search from a Delhi court, the CCI observed that the allegations pertain to the conduct, guidelines and advisories of these associations, which operate at different levels of the same supply chain.
25.03 / 12:55
markets CEO Platform Remark Research Celebrity innovations ET Women Conclave 2025: A confluence of visionaries and innovators
Nitin Jain, Founder & Director of La Pink, expressed his immense pride in partnering with the ET Women Conclave 2025: “It is a great honour to meet such inspirational women. Associating with such powerful and inspiring leaders brings us closer to achieving our mission of creating a space for a 100% microplastic-free beauty industry.
25.03 / 11:59
Waters Analysis Research Experts show country India must brace for 9-10% power demand surge in 2025 amid rising temperatures, warn experts
Currently, industries, households and agriculture account for 33 per cent, 28 per cent and 19 per cent of India's total electricity consumption, respectively. Household electricity demand has grown the fastest over the past decade, according to Disha Agarwal, Senior Programme Lead — Renewables at the Delhi-based think tank Council on Energy, Environment and Water. The share of household electricity consumption increased from 22 per cent in 2012-13 to 25 per cent in 2022-23. Much of this rise can be attributed to economic growth and the increasing need for cooling due to rising temperatures, experts say.
25.03 / 10:45
COST FIVE Digital Bill reports ATM withdrawals to get costlier from May 1 as RBI raises interchange fees: Check new charges, other details
An ATM interchange fee is a charge that one bank pays to another for offering ATM services to customers. Banks often pass on these charges to users as part of their banking costs. For instance, if you are an HDFC Bank customer and go to SBI ATM to withdraw money and reside in Delhi, HDFC Bank will charge you if you on the fourth transaction in a month at an SBI ATM as an HDFC Bank customer. Income Tax GuideIncome Tax Slabs F

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