City Delhi Financial News

DLF, the country's largest real estate developer, is in discussions with Bharti Realty to acquire under-construction phases of Aerocity in Delhi with a total development potential of 17 million sq ft, according to three sources familiar with the matter. About 5 million sq ft of the total portfolio will be retail, and once completed, the project is expected to generate an annual rental income of ₹5,000 crore. The first phase of Aerocity was also developed by Bharti, but later Canada's Brookfield Asset Management acquired a 51% controlling stake in Rostrum Realty, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises holds the remaining 49%. «GMR has the lease for the entire area until 2066, and when the bid was invited for the first time, DLF participated, but it was awarded to Bharti. It has again initiated the process to acquire the asset to further strengthen its rental portfolio,» said one person familiar with the matter.

Delhi government's new scheme, Mukhyamantri Mahila Samman Yojana, which promises ₹1,000 per month to women above 18 years of age is not «revdi» (freebie) but a social welfare initiative aimed at empowering women and boosting economic liquidity, Delhi finance minister Atishi has said. Speaking to ET, Atishi said AAP government's schemes had been criticised as «revdi» by political opponents but the state government was utilising taxes paid by the people for their welfare. «If we can run the government in fiscal surplus and also give the citizens of Delhi everything (free electricity, water, healthcare and education), why shouldn't we? What is bothering the opponents so much? Atishi presented the Budget 2024-25 on Monday, announcing the programme for women over 18 who are not income-tax payers, have a government employment, or get a pension. According to Delhi government estimates, 45-50 lakh women out of 67 lakh women voters will be eligible under this initiative.

Bombay High Court has acquitted Delhi University ex-professor GN Saibaba and five others, who were convicted under Unlawful Activities Prevention Act, for want of proof apart from procedural flaws. The bench held that the prosecution failed to establish legal seizure of material and could not prove anything incriminating against the accused. The case was «unsustainable in the hands of law», the court said upholding the appeals of the defendants. The bench also said the trial was vitiated by an invalid sanction to prosecute the accused. The trial violated mandatory provisions of law and amounted to failure of justice, a division bench of justices Vinay G Joshi and Valmiki SA Menezes said in the verdict on Tuesday. Saibaba, 54, is wheelchair-bound and has been lodged in Nagpur central jail for years. In May 2014, the former DU professor was arrested by the anti-Naxal operations unit of the Maharashtra Police accusing him of being the 'urban contact' of banned CPI(Maoist).

anti-profiteering mechanism set up under the GST regime was an initial nudge aimed to ensure that companies passed on the 'benefit' — be it a fall in tax rates, or an enhanced input tax credit — arising from the GST roll-out to the end consumer by way of commensurate reduction in prices. The adjudicating authority, National Anti-Profiteering Authority (NAA) set up in 2017, had a two-year tenure. But this was extended twice, till November 2022, with the mantle passed on to CCI subsequently. This extension contrasts with international precedents, such as Australia's approach, where similar provisions were enforced, following the introduction of GST, although with a sunset clause. In late January, Delhi High Court, responding to many writ petitions filed by India Inc across sectors from FMCG to real estate, upheld the constitutional validity of the anti-profiteering provisions. It noted that the objective of Section 171 of Central GST Act, which mandates the passing on of GST benefits, is grounded in consumer welfare and equity principles.

NDTV, the person speaking in the video is Gagandeep Singh. He says that they had left for Russia on December 27. They had a valid visa to stay in the country for 90 days.

₹800 to reach a new all-time high of ₹65,000 per 10 grams in the national capital, driven by robust global trends, according to HDFC Securities. In the previous session, the precious metal had concluded at ₹64,200 per 10 grams. Spot gold prices (24 carats) in the Delhi markets are trading at ₹65,000 per 10 grams, up by ₹800, taking bullish cues from the overseas markets.

₹2 trillion in income tax (to the union government). Delhi is one of the engines of growth for the national economy. We are not saying give us everything that Delhi gives, but give us something.

DK Shivakumar on Tuesday hailed the Supreme Court verdict quashing the money laundering case registered against him by the Enforcement Directorate (ED) I 2018. «Today is a happy day for me in my difficult life,» Shivakumar, who is also the president of the Karnataka Pradesh Congress Committee (KPCC) said, after hearing the news. «I have received a big relief from the Supreme Court,» he told the media, while offering his pranams to the court. The investigating agencies have been proved wrong, Shivakumar said. The Dy CM added that he heard the probe agency was preparing to appeal the verdict, and he was also prepared for a long battle.

In a remarkable achievement, Army Hospital (R&R), Delhi Cantt, executed a non-surgical life-saving paediatric cardiac intervention on an eight-year-old child, setting a rare precedent in medical excellence. The paediatric cardiology team of the Armed Forces Medical Services (AFMS) demonstrated exceptional proficiency by successfully conducting a high-risk transcatheter cardiac procedure at the hospital.

India is “positively” considering specific requests from the troubled UN agency for Palestine Refugees for assistance in kind, even as Delhi expressed “serious concern” over recent allegations that some of its employees may have been involved in the October 7 Hamas terrorist attack on Israel.

The Maharashtra government on Tuesday moved the Supreme Court against the decision of the Bombay High Court acquitting former Delhi University professor GN Saibabab and five others in a case of alleged links to Maoists.

Finance Minister Atishi said on Tuesday, adding she expects it to translate into more women votes for the AAP in the Lok Sabha polls. Atishi presented her maiden budget with an outlay of Rs 76,000 crore in the Delhi Assembly on Monday. In an interview to PTI, Atishi said the Mukhyamantri Mahila Samman Yojana will be notified after the Model Code of Conduct for the Lok Sabha polls is lifted and expressed hope that the scheme will roll out from September-October. Another key scheme that will be rolled out in the 2024-25 fiscal is the Business Blasters scheme in Delhi government-run universities.

ALSO READ: Bill Gates' Wit During Rapid Fire At IIT Delhi Leaves Students In Splits | His Favourite Indian Food He also shared a few pictures from the mega pre-wedding celebrations. In the pictures, Gates was seen donning a shimmery waist-coat, paired with beige-coloured pants.A post shared by Bill Gates (@thisisbillgates) Bill Gates arrived in Jamnagar, Gujarat, on March 1.

Ravi Shankar Prasad and Anil Baluni. On Saturday BJP declared Prime Minister Narendra Modi as the saffron party candidate from Varanasi for the upcoming 2024 Lok Sabha Elections. Notably, even before PM Modi, Varanasi had been a BJP stronghold, with the party retaining it consistently since 1991 except in 2004, when the Congress's Rajesh Kumar Mishra had won.

Jamnagar, Gujarat. Hassan also claimed that she "walked out" of the event after that happened. ALSO READ: Bill Gates comments on Mark Zuckerberg’s ‘Sunderbans’ shirt at Anant Ambani-Radhika's pre-wedding bash: ‘You’ve always…’ Her statement came as a video showing Shah Rukh Khan inviting Ram Charan on stage went viral.

Farmer leaders Sarwan Singh Pandher and Jagjit Singh Dallewal have issued a nationwide call for farmers to converge in Delhi on March 6 for protests. Additionally, they have announced a four-hour 'rail roko' agitation on March 10 to amplify their demands. Both leaders have vowed to intensify protests at existing sites until their demands are met. The Kisan Mazdoor Morcha (KMM) is spearheading the «Delhi Chalo» march, emphasizing the need for the government to guarantee MSP for agricultural produce. Pandher stressed the importance of farmers from distant states traveling to Delhi via trains and other means, particularly for those unable to access the capital with tractor trolleys.

Tejashwi Yadav on Tuesday charged the ruling BJP at the Centre with diverting public attention by "Modi ka Parivaar" rhetoric, which came as a response to his father Lalu Prasad's attack on the Prime Minister a couple of days ago. Talking to reporters here, Yadav said BJP leaders suffixing «Modi ka Parivar» to their names reminded him of «Main Bhi Chowkidar» rhetoric ahead of Lok Sabha polls of 2019 when Congress leader Rahul Gandhi had coined a slogan "chowkidar chor hai". «I am glad that the words of Lalu ji have so much impact,» remarked the former Bihar Deputy CM sarcastically, adding: «But what about issues like poverty and unemployment that he had raised? He spoke of so many things». Prasad, who is the RJD's founding president, had on Sunday told a rally here that Prime Minister Narendra Modi had «no family» of his own, in a bid to rubbish the latter's criticism of «parivarvad» or dynastic politics.

Stock market today: SpiceJet share price today witnessed buying interest as the aviation company has declared to have settled down ₹93 crore dispute with the aircraft leasing company Cross Ocean Partners. Both the companies made a joint announcement before the Delhi High Court on Tuesday.

Supreme Court on March 5 quashed proceedings initiated against Karnataka Deputy chief minister DK Shivakumar in a 2018 money laundering case. Shivakumar was first arrested in the case in September 2019 following several rounds of questioning in a case that emerged from an Income tax department action against him. The Delhi High Court had granted him bail in October of that year.

SpiceJet on Tuesday said that it has settled Rs 93-crore dispute with one of its aircraft lessor Cross Ocean Partners. SpiceJet said that as part of the arrangement, the airline will also benefit from transfer of airframe and an engine at no additional cost, augmenting its operational capabilities. The carrier last week said that it has mutually settled a Rs 250 crore dispute with another lessor Celestial Aviation.

The Vidhana Soudha police, earlier on Monday arrested three people for allegedly raising «Pakistan Zindabad» slogans in the corridors of Vidhana Soudha during the victory celebrations of Rajya Sabha member, Syed Naseer Hussain. Deputy Commissioner of Police, Central Division, Shekhar H.T., confirmed that the arrest is based on the FSL report, circumstantial evidence and statements of the witnesses gathered at the event.