City Delhi Financial News

India later this month to explore opportunities in the country's huge agribusiness sector and further promote American products among India's rising middle class. «India represents a growth economy for the US agribusinesses seeking to capture an increasing share of the household food purchases in the fifth-largest economy in the world,» said Under Secretary of Agriculture for Trade and Foreign Agricultural Affair Alexis Taylor. From April 22 to 25, Taylor will lead a US Department of Agriculture (USDA) agribusiness trade mission to Delhi. «India's rising middle-class consumers' familiarity with American food products and increased purchasing power is a real opportunity for US producers,» Taylor said.

National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary of Parsvnath Developer. The appellate tribunal upheld the orders of the Principal bench of the National Company Law Tribunal (NCLT), which on October 17, 2023, rejected their plea on technical grounds as the number of petitioners was only four, while the total number of allottees by Parsvnath Landmark is 488. The matter relates to La Tropicana Khyber Pass, a Delhi-based project of the realty firm.

Nizamuddin Market were adorned with bright lights, creating a festive atmosphere. The iconic Jama Masjid also saw a large congregation offering prayers on this auspicious occasion. Delhi's Eid Celebrations: The iconic dome of the Nizamuddin Dargah glowed with bright yellow lights, welcoming visitors for the Eid celebrations. Crowds thronged the markets, purchasing sweets, clothes, and essentials while exchanging greetings. Security measures were intensified in the national capital, with thorough checks conducted by the police to ensure a safe and peaceful celebration. Barricades were set up to manage the expected influx of visitors to the dargah.

Eid Al-Fitr, a significant religious observance in the Islamic calendar. Eid Al-Fitr is celebrated by Muslims worldwide, marking the end of Ramadan, the holy month of fasting. This joyous occasion is characterized by special prayers, communal gatherings, feasting, and the exchange of gifts Today, on the occasion of Eid, all liquor vends will be closed as per the directive issued by the Delhi Excise Department.

India Meteorological Department (IMD) in its daily briefing predicted rainfall with thunderstorms in Central India, Northwest India, and northeast India in the coming days. In an official statement, IMD said, “A cyclonic circulation lies over southeast Rajasthan.

IITs) at Delhi, Bombay (Mumbai), Kanpur, Madras (Chennai), Kharagpur, Roorkee, Guwahati and Varanasi (BHU), the struggle to place students in a challenging environment hasn't gotten any easier. The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools — IIT Bombay and IIT Delhi — have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.

Kejriwal's Cabinet, Raaj Anand, resigned and quit AAP accusing it of corruption. His resignation follows a summons by ED to appear on April 12. Addressing a press conference to announce his resignation, he said, «I had stepped into politics when Kejriwal had said that politics will change. But today, with a lot of regret, I am saying that the politics has not changed but the leaders have. AAP was born out of the anti-corruption movement but now the party is steeped in corruption. It has become untenable for me to continue as a minister.» His residence was raided in November 2023 in a money laundering case by ED not connected to the liquor probe. Hours before his resignation, Anand had shared AAP MP Sanjay Singh's press meet link on social media.

Truth alone triumphs", Union Minister Hardeep Singh Puri on Wednesday said while terming as «historic judgement» the Supreme Court's order that the DMRC is not obliged to pay Rs 8,000 crore to the Delhi Airport Metro Express Private Ltd, a Reliance Infrastructure firm, in pursuance of a 2017 arbitral award. The Union housing and urban affairs minister also congratulated the Delhi Metro Rail Corporation (DMRC) on achieving this landmark verdict. «Truth alone triumphs (Satyameva Jayate). Historic judgement by the Hon'ble SC in the curative petition filed by @OfficialDMRC in the case pertaining to the Airport Metro Line. Many congratulations to Team DMRC on achieving this landmark verdict. Our public sector utilities are strong & resolute in delivery of public service under the firm leadership of PM @narendramodi Ji & they remain steadfast in pursuit of fairness & justice,» Puri said in a post on X. Earlier in the day, the apex court set aside its three-year-old judgement that awarded an Anil Ambani group firm Rs 8,000 crore in a dispute with the Delhi Metro and asked the company to return about Rs 2,500 crore it had already received, holding that the previous verdict caused «grave miscarriage of injustice» to a public utility which was saddled with an exorbitant liability.

Delhi High Court on Wednesday expressed its displeasure over repeated petitions seeking removal of Arvind Kejriwal as the chief minister after his arrest despite the previous pleas having been dismissed, saying unlike the James Bond movies there cannot be sequels to such legal prayers. The court said once it has dealt with the issue and opined that it fell in the executive's domain, there should not be any «repeat litigation». A bench headed by Acting Chief Justice Manmohan pulled up petitioner Sandeep Kumar, a former AAP MLA, who sought Kerjiwal's ouster from the office, for trying to drag the court into a "political thicket" and imposed costs of Rs 50,000 on him. «This is not like a James Bond movie where we will have sequels. (Lt) Governor will take a call on this. You are trying to involve us in a political thicket, that's all,» remarked the court during the hearing.

state pollution control boards and committees are lying vacant, according to central government data. The data is part of a report submitted to the National Green Tribunal on Tuesday. India's Central Pollution Control Board (CPCB) report revealed that 6,075 (50.56 per cent) of the 12,016 sanctioned posts in 28 state pollution control boards and eight pollution control committees are vacant. The Bihar State Pollution Control Board has the maximum vacancy with 209 (84 per cent) of the 249 posts unoccupied. In Jharkhand, 198 (73 per cent) of the 271 posts are vacant.

AAP leader Atishi on Wednesday alleged that the BJP was «openly» violating the model code of conduct and the Election Commission was not acting against it, affecting the level-playing field in the Lok Sabha polls. In an interview to PTI, she said the AAP was hopeful of opening its account in Assam where the party has fielded candidates in two seats — Dibrugarh and Sonitpur, which are going to the polls in the first phase on April 19. «Yesterday AAP had a rally in Tinsukia. We applied for permission before the BJP. But as Amit Shah was coming for a roadshow, AAP's permission was denied. We were made to change our routes and our timing. Our party workers and volunteers were not allowed to reach the location,» she claimed. «Openly and brazenly the model code of conduct was violated by the BJP, and yet there was no action from the EC,» Atishi added.

Khalid's bail plea were made on Tuesday before Additional Sessions Judge Sameer Bajpai. Special Public Prosecutor Amit Prasad said Khalid's mobile phone data revealed he was in contact with some actors, politicians, activists and celebrities and sent them some links by certain news portals against the Delhi Police. These links were sent with a request to share them on their social media accounts to set a particular narrative and amplify it.

IPL 2024's official website. Suryakumar Yadav shared the difficult phase when he was facing multiple medical issues and injuries which forced him to stay out of the ground. The explosive batter emphasized the importance of keeping one's diet good and getting adequate sleep.

Digvijaya Singh on Wednesday termed allegations against the Congress over the Katchatheevu island issue as «baseless». The decades-old territorial and fishing rights dispute around the Katchatheevu island is in the limelight ahead of the Lok Sabha elections with the BJP and the opposition engaged in a war of words over the issue. The island is located between Rameswaram in India and Sri Lanka. In 1974, the then central government accepted Katchatheevu as Sri Lankan territory under the «Indo-Sri Lankan Maritime Agreement.»

Tamil Nadu BJP chief K Annamalai on Wednesday took strong exception to Congress leader Digvijaya Singh's remark on Katchatheevu and Prime Minister Narendra Modi and demanded an unconditional apology. Accusing the Congress leaders of having «no guilt» for having compromised on our territorial integrity by ceding Katchatheevu to Sri Lanka and for putting the lives of Tamil Nadu fishermen at risk, he said the views expressed by the Congress leaders on the subject only displayed their mindset. «Not a Blade of grass grows there' for Aksai Chin & 'who lives there' for Katchatheevu reflects Congress' mindset,» Annamalai said in a post on 'X' referring to the earlier remark made by former Prime Minister Jawaharlal Nehru on Aksai Chin and now Congress leader Digvijaya SIngh's comments on the islet given to Lanka. Annamalai posted a video of Singh criticising Modi for raising the Katchatheevu issue.

Directorate General of Civil Aviation (DGCA) has sought a timeline from airlines as to when they can implement the new pilot rest duty rules. DGCA’s move comes after the Delhi High Court, last week asked the regulator for a tentative date for implementation of the revised duty time norms for pilots. The court was hearing a writ petition filed by multiple pilot unions, challenging the DGCA rules on pilot’s duty hours. Prominent among them is a case filed by the Federation of Indian Pilots, which has more than 5,000 members.

₹8,000 crore to Anil Ambani's firm. A special bench headed by Chief Justice D Y Chandrachud on Wednesday held that the top court erred in setting aside the Delhi High Court verdict. The top court said that the DMRC was not obliged to pay over ₹8,000 crore to the Delhi Airport Metro Express Private Ltd (DAMEPL)--a subsidiary of Anil Ambani's Reliance Infrastructure firm.

Naad Wellness, a luxury resort firm, said the concept of wellness retreats has gained significant momentum post-pandemic and global health crisis served as a wake-up call, prompting a shift towards prioritizing holistic living and overall well-being. The company that started its operations in 2018, has around 50-60% occupancy at its property in the National Capital Region(Delhi NCR). It is exploring targeted marketing initiatives, strategic partnerships, and innovative wellness programs to further enhance occupancy levels. «The pandemic has brought about profound changes in travel and hospitality trends, with a heightened emphasis on safety, hygiene, and wellness. Travelers are now more discerning, opting for destinations and accommodations that prioritize health and rejuvenation. Additionally, there has been a surge in interest towards secluded, nature-centric retreats, reflecting a desire for solace and introspection amidst the chaos,» said Ramesh Kumar, managing director and co-founder at Naad Wellness.

BJP has sprung a surprise in West Bengal's Birbhum constituency, pitting former IPS officer Debasish Dhar, who was suspended by the Mamata Banerjee government after the 2021 assembly elections, in a bid to halt TMC's Satabdi Roy from winning a fourth consecutive term. The absence of TMC's former Birbhum district president Anubrata Mondal, whose strong-arm tactics and controversial comments lent both fear and colour to the political scene here, seems to have made the electoral atmosphere a little lacklustre, but the BJP is seeing a level-playing field, owing to the new scenario. Mondal was arrested by the CBI in 2022 in a money laundering case related to cattle smuggling in West Bengal. He is at present lodged in Delhi's Tihar jail. A political novice, Dhar has been entrusted with the onerous task of putting brakes on the actor-politician from emerging triumphant again in Birbhum in the western part of the state.

'MS Dhoni's win was unexpected….': Virender Sehwag's ‘bigger expectations’ from Thala remark after CSK vs KKR IPL match The CSK skipper revealed that the CSK captaincy did not come as a shock to him. “It [CSK captaincy] didn’t come as news to me or was I bit surprised or shocked," Ruuturaj Gaikwad said.

Aam Aadmi Party (AAP)'s candidate Shelly Oberoi was unanimously elected as mayor after BJP candidate Shikha Rai withdrew her nomination. AAP's Aaley Mohammad Iqbal also got another term as deputy mayor after BJP candidate Soni Pal withdrew her nomination.