City Delhi Financial News

sessions court on Friday refused to stay the proceedings against Chief Minister Arvind Kejriwal before a magisterial court on the ED's complaint against him for skipping summons in a money laundering case linked to the alleged Delhi excise policy scam. Additional Sessions Judge Rakesh Syal directed Kejriwal to approach the metropolitan magistrate for exemption from personal appearance in the matter. Kejriwal had moved the sessions court against the order passed by Additional Chief Metropolitan Magistrate Divya Malhotra asking him to appear before her on March 16. The Enforcement Directorate has filed two complaints before the magisterial court seeking Kejriwal's prosecution for skipping multiple summonses issued to him in the case.

joint secretaries have been appointed in different central government departments as part of a senior-level bureaucratic reshuffle effected on Friday by the Centre. These officers are from Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Revenue Service (IRS) and India Postal Service (IPoS) among others. Senior bureaucrat Deepankar Aron has been named joint secretary, department of chemicals and petrochemicals, Harish Kumar Vashisth will be joint DG, Directorate General of Civil Aviation and Siddharth Mahajan has been named as joint secretary in the department of commerce, according to a personnel ministry order. Anand Madhukar will be Additional DG, Archaeological Survey of India, Swati Meena Naik has been named as the joint secretary, department of drinking water and sanitation, and Ravi Shanakar and Gulzar N will be joint secretaries in the department of food and public distribution.

Bharat Rashtra Samiti (BRS) MLC K Kavitha was taken into custody on Friday evening. The development came hours after Income Tax Department (I-T) and Enforcement Directorate (ED) officials conducted searches at her Hyderabad residence, according to media reports. Earlier on Friday, at least 10 officers from both agencies from New Delhi had conducted searches in the presence of Kavitha and her husband D Anil Kumar. It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao, PTI reported citing official sources. The ED had claimed Kavitha was linked to a «South Group» lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22.

India's current economic boom similar to that of 2003-07? Morgan Stanley thinks so, lists 5 parallel trends India's merchandise exports soared to $41.40 billion in February, marking the highest figure in 11 months. The last time exports reached such levels was in March 2023, when they stood at $41.96 billion. Concurrently, imports also surged to a four-month peak.

₹22,000 per tonne to ₹26,500 per tonne over the past three months. This is attributed to the government's push on ethanol production to achieve the E20 target by 2025-26, amid declining sugar production. Consequently, chicken prices rose from ₹100-110 a month ago to ₹106-130 per kg across key farm gates in tier-1 cities, including Delhi, Bengaluru and Kolkata, according to spot traders.

'Tired of talking with INDIA bloc': AAP declares candidates for 3 Lok Sabha seats in Assam In an official release, AAP expressed displeasure towards the Congress party over seat-sharing and alleged, "We (AAP) were told that a solution would be found, but, when the Congress announced its candidates for all the seats in Assam on March 12. We are totally in shock by this approach of Congress, will it not be helping the BJP by dividing the votes? Will it not help BJP?" AAP added that the Political Affairs Committee (PAC) of AAP has decided not to contest the Guwahati Lok Sabha seat, by stating that the Aam Aadmi Party won the second-highest number of votes in the Guwahati Municipal Corporation elections after the BJP.

Narendra Modi is preparing for the upcoming Lok Sabha elections with the rallying cry of ‘Abki Baar 400 paar,’ as he is scheduled to conduct a roadshow in Telangana's Hyderabad and address a public gathering in southern Kerala on Friday. Additionally, Modi intends to visit Telangana and Tamil Nadu as part of his campaign efforts on Friday.

silver stands at Rs.77100.0 per kg, showing an increase of Rs.2000.0 per kg. Gold and Silver prices in different cities are as follows: Chennai - Gold: Rs.67030.0/10g, Silver: Rs.80100.0/1kg.

PTI. However, between 22-24 March, fresh spells of rain/snow are likely at many places in Jammu and Kashmir. In Uttarakhand, the IMD has predicted dry weather in all districts of the state.

₹2 per litre each, effective from 6 am today (March 15). This is the first time since May 2022 that petrol and diesel prices have been reduced in the country and come days ahead of the 2024 Lok Sabha Elections.

government on Thursday moved the Delhi High Court, challenging a foreign arbitration award won by Vedanta against the former's demand for a higher payout from its Rajasthan oil and gas fields. The dispute between the Directorate of Hydrocarbons and Vedanta — Cairn arose due to incorrect cost recovery and non-allocation of common costs that allegedly had a huge «adverse financial implication on the Profit Oil/Gas» payable to the government. As of May 14, 2020 (excluding interest), the government's share of profits dues of the company of $1.66 billion were short paid by $1.16 billion, representing 70% of the total amount due, according to the government.

Adhir Ranjan Chowdhury, the sole Opposition representative in the search panel that selected the two election commissioners, expressed his dissent by pointing out "procedural lapses" in the selection process. He has questioned the rationale and motive of the government in providing him a list of «212 names» as probable candidates when he arrived at Wednesday midnight in Delhi and then handing him over a shortlist of «six names» just «10 minutes before the search committee meeting» on Thursday noon. In his note of dissent, Chowdhury is learnt to have questioned the rationale and fairness of the composition of the search committee by saying it ensured «no decisive say» for the sole Opposition nominee in the matter of selection as the overwhelming majority of the government representatives in the panel made the ruling side's preference «a fait accompli». During the meeting, Chowdhury is also learnt to have briefly mentioned his disappointment about the government not including the Chief Justice of India in the search committee. He reportedly pointed out that no reason has been provided for the abrupt resignation of election commissioner Arun Goel a few days ago and also the delay in filling up the second vacancy of the EC, caused by the retirement of the incumbent last month.

IPL 2024 matches will be broadcast live in MENA countries such as United Arab Emirates (UAE), Qatar, Saudi Arabia, and nations. Mumbai Indians (MI), Chennai Super Kings (CSK), Kolkata Knight Riders (KKR), Gujarat Titans (GT), Rajasthan Royals (RR), Punjab Kings, Royal Challengers Bangalore (RCB), Lucknow Super Giants (LSG), Sunrisers Hyderabad (SRH), and Delhi Capitals will feature in this year's tournament.

₹2 per litre across all states. The fuel price reduction comes one week after cooking gas or LPG (liquified petroleum gas) prices were slashed by ₹100 per cylinder ahead of the schedule announcement of Lok Sabha elections 2024. State-run oil refiners such as Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL), and Hindustan Petroleum Corp Ltd (HPCL) and oil explorers such as Oil and Natural Gas Corp (ONGC), Oil India, and others may witness a slide in their respective stocks as the reduction in retail rates passed on to consumers may hurt the refining margins and inventories of the companies.

NEW DELHI : State-run oil marketing companies (OMCs) have decided to cut the price of petrol and diesel by around ₹2 per litre with effect from 6am on Friday. With the revision in prices, petrol will be sold at ₹94.72 per litre in the national capital, against the current price of ₹96.72.

Manish Sisodia's curative petition challenging the apex court's decision rejecting his bail plea in the Delhi excise policy scam case, news agency ANI reported. Dismissing the curative petition filed by the former deputy chief minister of Delhi, a Supreme Court bench comprising Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai and SVN Bhatti said," no case is made out." “We have gone through the Curative Petitions and the connected documents. In our opinion, no case is made out within the parameters indicated in the decision of this Court in Rupa Ashok Hurra vs Ashok Hurra," the bench observed.

Pankaj Tripathi says it was refreshing to play a detective in Homi Adajania's "Murder Mubarak", a film that will keep the audiences on their toes. The movie, which starts streaming on Netflix from Friday, revolves around a police officer trying to solve a murder case in a posh Delhi club. Tripathi plays cop Bhavani Singh, who is hot on the heels of the killer. «It was refreshing to play a cop in an interesting and engaging film. It will be a fun watch for the audience. The viewer will not stress over who has done the murder because this world and its characters are very quirky. It's Homi Adajania's world,» the National Award winner told PTI.

PIYUSH GOYAL, MUMBAI LOCAL TRAIN, SIDDHIVINAYAK MANDIR, LOK SABHA ELECTIONS, PIYUSH GOYAL RIDES MUMBAI LOCAL TRAIN, PIYUSH GOYAL VISITS SIDDHIVINAYAK MANDIR, BJP : Piyush Goyal—the Minister of Commerce and Industry and Consumer Affairs—who will face his first electoral debut in the upcoming Lok Sabha elections, on Thursday embarked on a journey aboard a Mumbai local train. The minister who spent his childhood in Mumbai expressed his nostalgia for the city while admiring the resilience, perseverance, and hopeful spirit of the financial capital of the country.

President Droupadi Murmu on Thursday. The report mentions the list of political parties who were in favour and against the concept of holding simultaneous Lok Sabha and assembly elections.

₹300 crore as first close of its alternative investment fund (AIF), Inliv Real Estate, said founder Mohit Malhotra, formerly the managing director and chief executive of Godrej Properties, on Thursday. The maiden fundraise of NeoLiv, registered as category II AIF, attracted interest from ultra-high net worth investors and family offices across India, with roadshows conducted in major cities including Mumbai, Delhi-NCR, Kolkata, Ahmedabad, Lucknow, Kanpur, Bhavnagar, Udaipur, and Bangalore.

Telugu Desam Party (TDP) has unveiled its second list of candidates for the impending assembly elections in Andhra Pradesh. This announcement comes shortly after the release of its initial list of candidates. In a tweet on Sunday, N Chandrababu Naidu stated, «The first list of candidates contesting on behalf of the Telugu Desam Party in the upcoming 2024 elections has already been placed before the public. Now we have brought you the second list, with 34 more candidates.» He emphasized the importance of public opinion in the candidate selection process, urging the people of the state to support and ensure the victory of all TDP candidates. The TDP, Bharatiya Janata Party (BJP), and Jana Sena Party (JSP) have recently reached a seat-sharing agreement in Andhra Pradesh for the impending elections. According to this pact, the BJP will contest from six parliamentary seats, while the TDP and JSP will vie for 17 and two seats, respectively. In the assembly elections, the BJP will compete for 10 seats, the TDP for 144 seats, and the JSP for 21 seats.