City Delhi Financial News
06.03 / 09:29
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Attractive home loan EMI subvention scheme is no magic bullet: Know how it became an everlasting misery for these homebuyers
home loan EMI subvention scheme offered by many builders and developers a decade ago. According to TOI, subvention schemes were supposed to make things easier for buyers, but in many cases, became instruments that gave builders access to loans without accountability and left homebuyers in the city to bear the aftershocks, like demand letters to pay EMIs despite houses running years behind schedule. Also read | How an easy home loan EMI scheme turned into a nightmare for many homebuyers in Delhi NCR
06.03 / 09:29
markets
MET
reports
politician
Bangladesh's new friend circle: A ring of fire for India?
A 21-member Bangladeshi delegation, including politicians, student leaders, and scholars, recently toured China (Feb 25–Mar 6) at Beijing’s invitation, Global Times reported. The group was reportedly wowed by China’s tech and infrastructure, and many now see the Belt and Road Initiative (BRI) as key to Bangladesh’s economic future. They visited top Chinese firms like BYD and LONGi, soaking in China’s modernization drive. It should be noted that China agreed in principle to extend Bangladesh’s loan repayment period and is reviewing a request to lower interest rates, Dhaka Tribune reported. Bangladesh urged China to reduce interest rates from 2-3% to 1%, waive off the commitment fee, and extend loan repayment terms from 20 to 30 years for Preferential Buyer’s Credit (PBC) and Government Concessional Loans (GCL).
05.03 / 19:31
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The billionaires' club gets bigger on economic boost
This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals (HNIs), further strengthening India's luxury property markets including Mumbai, Delhi and Bengaluru. With 191 billionaires, India now ranks third globally in billionaire wealth, behind only the US and China. A total 26 individuals joined the billionaire club in just the last year, a stark contrast to the mere seven additions recorded in 2019, showed the Knight Frank global wealth report.
05.03 / 10:29
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2020
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gatherings
Courts
Woman working as house help in Delhi NCR turns out to be a Naxal operative, trained in 'advanced' weapons since age 10
Naxal operative from Jharkhand, who had been living in Delhi under a false identity, was arrested in Pitampura, Delhi Police said on Wednesday. She had been working as a domestic helper in Noida and different areas of Delhi since 2020, as per a PTI report.
05.03 / 09:19
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Waters
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"Our proposal is to run ferry here, will sign MoU for it", says Delhi Minister Parvesh Verma on river Yamuna
Earlier on March 2, the Delhi government had announced plans to enhance tourism and promote sustainable water transport by introducing a ferry and cruise service along a 7-8 km stretch of the Yamuna. The service will operate between Wazirabad Barrage (Sonia Vihar) and Jagatpur (ShTemple). When asked if cleaning of Yamuna will attract tourism to Delhi, Minister Parvesh Sahib Singh said, " Our proposal is there to run ferry here, we will sign the MoU for it. Now, ferry will be run on one stretch only...there will be only one pick-up and drop point. There will be a restaurant as well in the Ferry. Our purpose is to attract people towards Yamuna..."
05.03 / 09:19
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MET
FIVE
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Remark
No mediator needed, anyone can talk to me directly: Delhi CM Rekha Gupta
Delhi Chief Minister Rekha Gupta on Wednesday assured the home guards that they can approach her directly with their grievances, emphasizing that no mediator is required to communicate with her. Gupta made the remarks while meeting a group of home guards, who claimed that they had not received their salaries for the past five months. The home guards deployed as bus marshals in Delhi Transport Corporation (DTC) buses for women's safety also said that some of them had not been paid since Diwali last year. «If somebody wants to talk then come directly to me, no one requires any kind of mediator,» she said.
05.03 / 08:39
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UPS
Citi
track
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International
Luxury property price boom: See how much $1 million buys in global cities
prime residential space in 2024, followed by 237 sq ft in Hong Kong and 344 sq ft in Singapore, according to a Knight Frank report. In comparison, Mumbai offers 1,066 sq ft, marking a 2.6% decline over the past decade as prices have risen. Bengaluru has also become less affordable, with space purchasable for $1 million decreasing by 9% to 3,617 sq ft. In Delhi, one can buy 2,239 sq ft, up 11% from a decade ago. The Prime International Residential Index (PIRI 100), which tracks luxury property price changes across 100 global cities, has recorded a 3.6% annual increase in 2024. Of these, 80 cities saw either positive or stable price growth. Seoul 18.4%, Manila 17.9%, and Dubai with 16.9% growth led global price appreciation in prime real estate.
05.03 / 02:05
Digital
Mobile
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country
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rights
Infotech dividend: Going digital could boost India’s labour productivity
Subscribe to enjoy similar stories. One of the most famous quips about India that has long held good is British economist Joan Robinson’s “Whatever you can rightly say about India, the opposite is also true." A telling example is the contrast between our high position in the world’s GDP league table, where we rank third in terms of purchasing power parity, and our abysmal 119th spot when it comes to per capita income. But one measure on which we have unanimity, even among argumentative Indians, relates to the rapid adoption of digital technology.
04.03 / 12:03
markets
Citi
Provident
CEO
Mobile
RAI
travelers
Daily commute service firm Cityflo to enter Delhi, aims to deploy 100 buses this year
Cityflo, a commute service firm, said it is entering Delhi to cater to the daily transit needs of corporate professionals. Founded in 2015 by IIT Bombay alumni Jerin Venad, Rushabh Shah, Ankit Agrawal, and Sankalp Kelshikar, Cityflo aims to provide an alternative commuting solution. The company has served over 2.5 million corporate professionals in Mumbai and Hyderabad. «Delhi's commuters are facing challenges with unreliable schedules and subpar vehicle conditions, even from global mobility players. We are here to change that narrative. Our commitment is to provide a dependable, comfortable, and seamless travel experience that professionals can count on every day,” said Jerin Venad, Co-founder and CEO, Cityflo.
04.03 / 09:57
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Align
innovations
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prevention
strain
The sleep revolution: How Indian companies are helping customers find sweet rest
Subscribe to enjoy similar stories. The pursuit of rest has become an industry in itself today, with solutions ranging from meditation apps to high-tech sleep trackers. But beneath the buzz about eight-hour nights and circadian rhythms lies a quieter, transformative revolution: the reinvention of mattresses, beds, and sleep accessories.
04.03 / 03:35
04.03 / 00:37
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Supreme Court to settle dispute over NFRA’s working
Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices sent to auditors of two IL&FS group entities—Deloitte Haskins & Sells LLP and SRBC & Co.
03.03 / 21:35
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Highways
RAI
information
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Investigations
22-year-old woman found dead and dumped in suitcase near highway; one arrested
Indian National Congress worker, 22-year-old Himani Narwal’s body was found dumped near Rohtak-Delhi highway in Sampla on March 1. The 22-year-old woman was killed, and her body was stuffed in a suitcase. The police authorities have recovered the suitcase on a bus stop of the busy highway. The case is currently being investigated, and one arrest has been made so far. The accused in the custody is 30-year-old Sachin alias Dhillu.
03.03 / 18:41
markets
Action
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Justice
Courts
DMRC-DAMEPL dispute: Comply with order or face coercive action, SC to DAMEPL, Axis Bank officials
Supreme Court on Monday said its verdict on the DMRC-DAMEPL dispute of last year needs to be followed in letter and spirit or it will be bound to take coercive measures against the concerned officials of the private firm and Axis Bank. A bench of Justices Surya Kant and N Kotiswar Singh told Delhi Airport Metro Express Private Limited (DAMEPL) and Axis Bank, «What is the need to play hide and seek? When there is judgement, you need to comply with it in letter and spirit.» Senior advocate Abhishek Singhvi, appearing for the Axis Bank, said it was not party to the dispute for six years and now suddenly he is receiving a contempt notice for payment. The bank was only operating the escrow account in the dispute, he said.
03.03 / 13:01
markets
Provident
Booking
security
Experts
travelers
Courts
New rule for GST registration: Now biometric authentication in your home state is possible when you do GST registration in another state
Goods and Services Tax Network (GSTN) has introduced an additional facility allowing promoters and directors of a company to complete their Bvbiometric Aauthentication for completion of GST registration process in their home state. Earlier for getting a Goods and Services Tax (GST) registration, you either needed to use the OTP verification method or use Biometric Authentication process by physically visiting the GST Suvidha Kendra in the company’s registered jurisdiction, which is in the state in which you are registering your GST. Howeve, Nnow the bBiometric aAuthentication process can be completed in one’s home state instead of the state where the GST registration is being sought. Like For instance, if the company is being registered in Delhi but you are from Nagaland then you have to travel to Delhi and complete the GST registration. With this update made on March 3, 2025 by GSTN now you can complete the GST registration from Nagaland itself without going coming to Delhi, as per this example.
03.03 / 10:55
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Provident
Airlines
Parke
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prevention
International
Delhi airport launches new system to improve airside operations
DIAL has launched the UTAM system that will help reduce delays, improve turnaround time and also track the speed of all airside vehicles to check for any violations, among other elements. Leveraging Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and radar systems, the Unified Total Airside Management (UTAM) will collect data, help identify issues or delays and trigger alerts to prevent problems before they happen, according to a release. The Delhi International Airport Ltd (DIAL) has established a centralised control room to monitor and manage all activities, and the UTAM will track all airside vehicles such as baggage carts, fuel trucks and maintenance vehicles, in real-time. Generally, airside operations refer to those activities related to an aircraft, including take-off, landing, parking and refuelling. Multiple stakeholders, including ground handling service providers are involved.
03.03 / 10:55
markets
Provident
Experts
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prevention
guidelines
Experts release guideline on managing fatty liver disease, recommend these small things for 30% fat reduction
liver fat by 30%, according to the Asian Pacific Association for the Study of the Liver (APASL). The expert body has released its first clinical guideline for managing metabolic-dysfunction associated fatty liver disease (MAFLD), emphasizing the role of exercise in improving liver health.
03.03 / 09:31
03.03 / 05:47
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Delhi govt to present 2025-26 Budget between March 24-26: CM Rekha Gupta
Rekha Gupta on Monday said the Delhi government will present the 'Viksit Delhi' budget for 2025-26 in the assembly between March 24 and 26. Addressing a press conference, she said the budget will be prepared after incorporating suggestions from various sections of society. «To make this a people's budget, we will meet representatives from different women's organisations on March 5 on the assembly premises. Additionally, we will hold discussions with stakeholders from the education sector and traders on March 6,» the chief minister said. She also shared an email ID and a WhatsApp number where Delhi residents can send their suggestions for the budget.
03.03 / 00:13
COST
students
track
testing
travelers
Department
Mint Primer: What’s as fast as sound, yet moves at a snail’s pace?
Subscribe to enjoy similar stories. On 25 February, the Avishkar Hyperloop student team from IIT-Madras and the railway ministry along with ArcelorMittal, Hindalco and Larsen & Toubro unveiled the Hyperloop test track. Once commissioned, it could cut Delhi-Jaipur travel (250km) to 30 minutes compared with 1 hour by air and 4–5 hours by road.
03.03 / 00:13
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CEO
Rolex
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exclusive
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Ticking up: Hublot CEO on India’s growing appetite for luxury watches
Subscribe to enjoy similar stories. Luxury watchmakers are keeping a close eye on India as demand for premium timepieces rises, with several global watch company heads doing the rounds of the country in the past year or so. From Panerai to Rado to Hublot, India is becoming the new playground for luxury brands, driven by a rising class of affluent consumers.
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