City Delhi Financial News

27.05 / 19:01
UPS Man Ball wellness cover cricket Gautam Gambhir can be misleading at times but when it comes to crunch times, he has always delivered
If that is actually true, Gautam Gambhir should be well on the way to being anointed, sorry appointed, India’s next coach. The former little left-hand bat has all the bases covered, on and off the field. As a tigerish batsman who overcame a lack of obvious flair and the kind of talent that makes fans go “wow” Gambhir fought for every run. He worked the ball across his pad to leg, cleared his front foot and crunched past midoff, rocked back to swivel and pull off his hips and cut with a view to keeping the ball on the ground, despite being what you might politely call a shortie. Gambhir was a serious player, no pun intended. He was not a great friend of team-mates in the dressing-room, he was not the life of the party and he sure as hell did not smile unless he absolutely had to.
27.05 / 18:13
students Inside hospital reports evacuation Schools Pakistan News: Fire guts Khyber Pakhtunkhwa girls' high school, over 1400 students rescued
The Dawn reported.According to the report, over 1,000 female students were inside the Government Girls’ High Secondary School in Sirikot when the fire began, but luckily, no casualties were reported.Along with the local residents, the firefighters initiated the process of dousing the fire, but it took them more than two hours to douse it.
27.05 / 14:45
MET FIVE Man security Mobile reports Noida news: IRS officer arrested after body of ‘live-in partner’ found hanging at his Sector 100 flat
ALSO READ: Karnataka: Horrific stabbing in Hubbali after woman rejects advancesMeena, a 2016-batch IRS officer currently posted in Delhi, had told the police that Shilpa had locked herself in a room and hung herself from a ceiling fan, according to a report by the Times of India.Meena had also claimed that the room’s door was opened by a security guard, who he had called after Shilpa was not responding for a long time. Shilpa was a human resource staff at Bharat Heavy Electricals Limited (BHEL).
27.05 / 13:53
SUN Airlines awards WhatsApp Courts Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet
ownership battle of SpiceJet, Sun Group and its chief Kalanithi Maran on Monday said they will seek over Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh. This will be in addition to challenging the recent Delhi High Court order, which was in the airline's favour. The ownership dispute between SpiceJet and Maran dates back to January 2015 when KAL Airways offered a 58.46% stake in SpiceJet to Singh. On May 17, a division bench of the Delhi High Court had set aside its single judge order upholding an arbitral award that mandated SpiceJet and Ajay Singh to refund Rs579 crore with interest to Maran, bringing in relief for the cash-strapped carrier.
27.05 / 12:51
WhatsApp Death Courts Videos Investigations Swati Maliwal assault case: Delhi court dismisses bail plea of Kejriwal's aide Bibhav Kumar
Tis Hazari Court on Monday dismissed the bail application of Arvind Kejriwal's aide, Bibhav Kumar, accused of allegedly assaulting Rajya Sabha MP Swati Maliwal at the residence of the CM on May 13. Last week, he was sent to four days' judicial custody on May 24. Earlier in the day, Additional Sessions Judge Sushil Anuj Tyagi had reserved the order after hearing submissions by senior advocate N Hariharan for the accused, and counsel for Swati Maliwal, additional public prosecutor Atul Srivastava and advocate Madhav Khurana.
27.05 / 12:07
UPS IPO Target Paxful ADP travelers Traffic GMR Airports stock: Jefferies initiates coverage, sees 15% upside, EBITDA likely to triple in 5 years
GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.
27.05 / 11:57
UPS Aware NOC reports prevention Courts NOT On Rajkot Game zone fire case, Gujarat HC says 'we do not trust local system, state': Report
killed 27 persons, including children. The game zone was operated without the fire NOC (no objection certificate), as per officials.The court reportedly pulled up the Rajkot Municipal Corporation on the Monday over the incident.
27.05 / 10:29
markets Google CEO BABA social rowing Bizzare! Delhi restaurant asks people to eat 'Chole Bhature' to lose weight, netizens say: 'How? Like by dying?'
ALSO READ: What does Google CEO Sundar Pichai like to eat in India? 'Dosa in Bengaluru, Chole Bhature if it is…'Sharing the glimpses, a social media user named Aditya Worah took to X and wrote, "Only in Delhi can you expect this. Eat Chole Bhature, Lose Weight, Reduce Diseases."Soon after he shared a post in X, it became viral and garnered 47.5K views.
27.05 / 10:07
markets COST Airlines economy War rights Traffic Ukraine war keeps Air India on top of non-stop routes to US; can the Tata Group airline maintain pole position?
Tata Motors, the impact of commodity prices, sourcing, semiconductor costs and navigating the maze of sanctions was a challenge for each, except that one entity clearly benefited and made the most like no other - the airline.Also Read: Air India passenger receives broken seat despite paying extra ₹1,000; airline issues apologyAccording to data shared by Cirium, an aviation analytics company, exclusively for this article, there has been an increase of just four frequencies between India and the United States in May 2024, as compared to February 2020, the last month of operations before the COVID-induced lockdown. However, a granular look at the data shows that the American carriers have reduced frequency by 21 weekly flights while Air India has added new flights.
27.05 / 10:07
trends Experts Freedom Celebrity voice Courts rights Celebrities' legal fight for intellectual property: A double-edged sword
bhidu" and Anil Kapoor for "jhakaas"—concerns are rising over the potential impact on creative freedom and expression. Bhidu is a colloquial Mumbai usage, and Marathi, for bro or dude, that's also come to be used as a nickname for Shroff.
27.05 / 10:07
Booking Aviat Airlines Boeing track Courts Delhi HC grants SpiceJet three weeks more to return leased assets to TWC Aviation
single bench order to return the assets, noting that the airline owes a significant amount of dues to lessors and was prima facie found to have used the assets inappropriately, especially by utilizing the lessor's engines in other aircraft, which violates regulations. "They (the lessor) are not in the business of charity," the court said.The division bench allowed SpiceJet an extension on the condition that it would withdraw its challenge to the single bench order and proceed to argue in front of the single bench on challenging the maintainability of the lessor's suit.SpiceJet pleaded that these leased engines were in use in operational flights with advanced bookings from passengers.
27.05 / 09:15
WhatsApp students Department Schools Colleges Haryana government announces early summer vacation from May 28 due to rising temperature
Haryana government has declared the closure of all schools from tomorrow, May 28. The decision has been taken considering the scorching heat and rising temperature. As of now, Haryana's temperature is 46 degrees. Haryana school summer vacations are announced for both private and government colleges. Students and parents are advised to contact the respective school administrations for details. As per the official notice issued today, May 27, all schools will now reopen from July 1, 2024. "Haryana Directorate of School Education has announced summer vacation in all the schools (government and private) of the state from 28 May 2024 to 30 June 2024. Schools will be reopened from July 1, 2024," the official notice reads. This is to be noted that earlier Haryana Summer vacation 2024 dates were from June 1 to 30, which is now preponed to May 28 to June 30.
27.05 / 08:57
security show hospital reports prevention Courts rights Rajya Sabha MP Swati Maliwal breaks down in court during Bibhav Kumar's bail hearing
Aam Aadmi Party’s Rajya Sabha MP Sawti Maliwal on Monday broke down in Delhi’s Tis Hazari Court during the hearing of Delhi CM Arvind Kejriwal’s aide Bibhav Kumar’s bail plea case. Maliwal while addressing Delhi High Court said that if the accused is released on bail, there would be a threat to me and my family. After hearing arguments from both the sides, the court reserved the order on bail of Bibhav Kumar. Here are the top quotes and arguments from the hearing:
27.05 / 08:57
COST Aviat CEO Justice Courts Delhi HC upholds order asking SpiceJet to return two leased aircraft, three engines
division bench of the Delhi High Court on Monday upheld its single judge’s order asking SpiceJet to return two aircraft and three engines to its lessor TWC Aviation. While dismissing the airline’s appeal as withdrawn, a bench led by Justice Rajiv Shakhder granted the low cost carrier three weeks time till June 17 to return the aircraft and engines along with technical records. The single judge had asked SpiceJet to return the engines by May 28. The HC noted SpiceJet’s sr counsel Amit Sibal’s argument that he wants to advance his submission related to the jurisdiction issue before the single judge, but that will not come in the way of returning the engines.
27.05 / 08:11
FIVE Booking Aware Justice guidelines Courts Delhi HC directs DDA to formulate comprehensive SOPs for booking of Ramleela Sites within 5 weeks
Delhi High Court has directed the Delhi Development Authority (DDA) to formulate comprehensive SOPs (standard operating procedure) and guidelines for booking Ramleela sites within five weeks from the date of order and no later than June 25, 2024. The bench of Justice Tara Vitasta Canju in an order passed last week stated that, «The DDA shall formulate comprehensive SOPs/guidelines for booking of Ramleela sites within five weeks from the date of this order and no later than June 25, 2024. In the event, the DDA seeks to rely on the list of Delhi Dharmik Mahasangh (DDM) or other third part organisations for these bookings, an appropriate clarification would be in the SOPs/guidelines to make all persons aware of such reliance. These SOPs/guidelines shall be publisiced by DDA.» In the meantime, no online/offline bookings of DDA ground/open spaces for Ramleela functions, shall be undertaken by DDA, till the new SOPs/guidelines for booking of Ram Leela sites is published, said the court.
26.05 / 23:59
Citi Provident Entertainment economy Diversity social reports How high street retail can transform city landscapes and boost local economies
In India, the real estate sector is witnessing rapid growth, and retail is emerging as a critical component of this expansion. Among various retail formats, high street retail is gaining significant traction, reshaping city landscapes and enhancing local economies. High street retail refers to premium shopping areas typically located in the heart of cities. These bustling streets are characterized by a mix of luxury boutiques, flagship stores of renowned brands, restaurants, cafes, and entertainment venues. Unlike enclosed malls, high street retail spaces offer an open-air shopping experience, often integrated with the city’s cultural and historical fabric.
26.05 / 19:43
Citi Waves Waters country reports Schools Large parts of India swelter under intense heat, 37 cities record temperatures over 45 deg C
India sweated through a deadly heat wave that tested power grids and disaster preparedness of states on Sunday while Maharashtra's Akola imposed Section 144 until May 31, prohibiting public gatherings. A 'red' warning has been issued for Rajasthan, Punjab, Haryana, Chandigarh, Delhi, west Uttar Pradesh, and Gujarat, indicating a «very high likelihood» of heat illness and heat stroke for all age groups. Rajasthan's Phalodi was the hottest place in the country for the second consecutive day, recording a maximum temperature of 49.8 degrees Celsius. A day ago, the city hit 50 degrees Celsius — the highest temperature recorded in the country since June 1, 2019. The state has reported multiple heat-related deaths in the last three days.
26.05 / 19:43
UPS Booking Election wellness Bill IPL final: F&B companies rejoice as demand at bars and cafes soars up to 50% amid lean summer
IPL) final between Kolkata Knight Riders and Sunrisers Hyderabad fired up bookings at bars, pubs and cafes across India by 30-50%, compared to a regular weekend, executives said, with the heatwave adding to demand for cooler leisure options. “Alcohol sales saw a big spike, as average time spent per consumer at outlets was more,” said Vikrant Batra, founder of Cafe Delhi Heights. “Malls also did phenomenally well because of the heatwave. That’s another reason we saw spike in sales at our mall outlets.” During an otherwise lean season for pubs, bars and restaurants because of people being away on summer vacations, the IPL final in Chennai triggered a dramatic spike in footfall and sales across the cricket-crazy nation, executives said.
26.05 / 19:23
COST UPS Citi trends show Affordable homes supply down 38%
New supply of affordable homes — priced up to Rs60 lakh each — declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of such homes was 33,420 units during January-March 2024 across top eight cities against 53,818 in the year-ago period.
26.05 / 19:19
markets UPS Citi country International Destinations Radisson Hotel Group to open a hotel every 20 days in India this year, says top exec
Radisson Hotel Group, the second biggest international chain in India by hotel network and room inventory, plans to open a new hotel every 20 days in the country this year, Nikhil Sharma, the chain’s new managing director, and area senior VP for South Asia told ET. Sharma said the chain, that aims to have a hotel at every two hours of driving distance in India, is also building its presence in religious destinations and will launch the first globally branded hotels in markets such as Vrindavan, Ujjain and Guruvayur. «People are visiting religious destinations far more than pre Covid times. We were the first to launch a branded hotel in Ayodhya before the Ram temple inauguration. The hotel clocked an average daily rate of Rs 1.15 lakh in the first month. It is still sold out on most days and the average daily rate is Rs 30,000 now,” said Sharma.
26.05 / 19:09
Waves President Celebrity DAL Third Eye: Kerala leaders' pain in Delhi, Badruddin Ajmal in sweet mood, and Sanjay Raut's theory
From Boiling Point to Rain Relief: Both BJP and Congress leaderships had brought their respective party leaders from Kerala to Delhi to campaign among the Malayalee pockets of the national capital. While these Kerala functionaries did their job, most of them wilted due to Delhi’s unfamiliar simmering summer and heat wave. Done with their job, some of them said the biggest relief was the certain prospect of returning to the torrential downpour lashing across Kerala. Already in ‘Sweet Mood’: Looks like AIUDF chief Badruddin Ajmal believes in early celebrations.

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