City Delhi Financial News

Mint. Dressed in blue denims, she looked far younger than 50 years, her current age. As she posed smilingly for photographs, she held the stance of an athlete.

DLF Ltd’s Emporio mall in Delhi in 2025. Last week, France’s SMCP, the parent company of accessible luxury brands Sandro, Maje, Claudie Pierlot and Fursac, also announced its entry into the Indian market in partnership with Reliance Industries-owned Reliance Brands Ltd (RBL). In a sign of growing appetite for luxury goods in India, Emporio is looking to add new outlets and is in talks with multiple European brands.

Directorate of GST Intelligence (DGGI) over the secondment issue, sources in the know told ET. Secondment or deputation of expatriates is subject to GST if the expatriate employee is being reimbursed by the Indian company for the services provided to the company. As per the GST law the Indian company is deemed as the recipient of the service, and the services provided by the expatriate will be considered as a «supply of manpower» under the GST law. Thus the Indian company is liable to pay GST on the value of the deemed supply at the applicable rate.

Delhi schools has been reduced from 15 to six days and will begin from January 1, 2024, a circular from the Directorate of Education said on Wednesday. In the circular, the Directorate of Education said the winter vacation for the academic session 2023-24 was scheduled to take place from January 1 to January 15.

Kiren Rijiju Wednesday informed Lok Sabha that the activation of the Almora fault in western Nepal is the reason behind the significant increase in earthquakes in 2023. There have been 97 earthquakes in 2023 of magnitude 3.0 to 3,9 compared to 41 in 2022, reported PTI In a written reply in Lok Sabha, Rijiju said the activation of the Almora fault triggered significant earthquakes on January 24, October 3 and November 3. All these three earthquakes were above 5.8 magnitude.

Uttar Pradesh government has given the green light for a rapid rail corridor that will connect the Noida International Airport (NIA) with Delhi and other areas of the National Capital Region (NCR). The proposed route will extend from the Ghaziabad rapid rail station on the Delhi-Meerut line. While this development is a step forward in establishing connectivity for the new airport, it is important to note that it is a long-term plan.

In order to make the process more accessible and streamlined, Lok Adalats, in conjunction with the traffic police, will establish dedicated help desks at all the district courts across the country. These help desks will help individuals with pending traffic violation cases who seek to settle fines or address related concerns.

Zoram People's Movement (ZPM) leader Lalduhoma met with Mizoram Governor Hari Babu Kambhampati on Wednesday to formally assert his claim to establish the government. Following Monday's assembly polls, ZPM secured a significant victory by winning 27 out of the total 40 seats. On his meeting with the state Governor Dr.

Animal’ is on a rampage! The Ranbir Kapoor-starrer is currently unstoppable at the box-office. The gory action drama has finally entered into the hallowed ‘400-crore club’! On Tuesday, the official Twitter handle for ‘Animal’ revealed that the film had crossed Rs 425 crore, at the global box-office within four days of release. Trade analyst Ramesh Bala reported that the Sandeep Reddy Vanga directorial has crossed $8 million in North America and has become Kapoor’s highest-earning film, surpassing the Rajkumar Hirani movie ‘Sanju’ within just 5 days. “#Animal becomes #RanbirKapoor’s highest grossing film in North America crossing #Brahmastra within 5 days. The box office mayhem continues and it is chasing many more records. REMEMBER, THE NAME IS RANVIJAY SINGH BALBIR!!!” reads the post.

GoKwik said the Black Friday weekend saw a 36% increase in orders with gross merchandise value surging 57% increase on its network. Beauty and cosmetics saw a 2.5 times surge in orders followed by home decor 94.9%, electronics at 62.5%, health and nutrition by 61% and fashion at 41%.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

Mint reported that Delhi’s Chief Minister Arvind Kejriwal’s daughter Harshita became a victim of an online scam. She tried to sell an old sofa set at an online second-hand marketplace but was, instead, duped at ₹34,000. Several such cases have come to the fore of late.

New Delhi: India is looking to create a tunnel safety system as part of a broader effort to fortify the extensive tunnel network across highways, railways and metro systems in the country, people familiar with the development told ET. This will include forming an audit team with experts from various IITs and setting up a world-class tunnelling centre under IIT Delhi to research and propose enhanced safety measures for tunnels that are benchmarked to international levels, the people said. They added that the move is aimed at preventing recurrence of mishaps like the recent Silkyara tunnel collapse in Uttarakhand in future.

While Bengaluru-based Prestige has recently opened a 125,000 sq ft mall housing only restaurants and cinema, it is planning a 500,000 sq ft mall on a similar concept. Delhi-based Omaxe Group is developing a mall in New Delhi's Chandni Chowk area where 70% of the space will be dedicated to restaurants; another listed developer Signature Global already runs a food-only mall in Ghaziabad.

Municipal Corporation of Delhi (MCD) on Tuesday said it has made geo-tagging of all kinds of properties mandatory to avail of a 10% property tax exemption. The civic agency said if any taxpayer fails to geo-tag their properties by January 31, they will not be able to avail of the 10% rebate on the lump sum advance payment of tax in the next financial year by June 30.

The Income Tax (IT) Department is likely to file an appeal in the Supreme Court (SC) against a Delhi High Court (HC) ruling which declared any IT assessment order issued without Document Identification Number (DIN) has no legal standing.

NEW DELHI : Lessors of Go First have told the Delhi High Court that they have not received any records related to aircraft maintenance from the insolvent airline’s resolution professional since May, or been allowed to physically inspect its assets. Resolution, or insolvency, professionals are hired by lenders to run insolvent firms. Go First’s RP is in contempt of court for not complying with its order from two months earlier, the lessors argued before a single-judge bench on Tuesday.

Gurugram, the bustling satellite city of Delhi, is gearing up for a transformative boost in its real estate sector with the impending metro rail project. Similar to the successful models of DMRC and NMRC in Delhi and Noida, Gurugram is set to establish its dedicated entity, GMRC (Gurgaon Metro Rail Corporation), which is exclusively focused on the city’s metro projects.

Delhi Metro commuters will soon hear audio advertisements on their train journeys as part of a pilot project launched by the Delhi Metro Rail Corporation (DMRC). The ads will be aired for one year starting this month on six trains on the Violet Line, which runs between Kashmere Gate and Badarpur Border, officials said on Tuesday.

Delhi High Court Tuesday asked the Resolution Professional (RP) of crisis-hit Go First to file an affidavit on a plea by a lessor seeking contempt action against him for allegedly not complying with the court order to allow inspection and maintenance of aircraft. Justice Tara Vitasta Ganju made it clear that the orders of the court are required to be complied with in letter and spirit failing which further orders would need to be passed. The high court said the main assets in this case are the aircraft, and if they are not maintained, it is a problem and detriment to everybody.

University of Toronto has topped the QS World University Rankings for sustainability in 2024. The second edition of the rankings encompass three distinct categories: Environmental Impact, Social Impact, and Governance. Each category was scrutinized through a set of performance lenses, which, in turn, consist of a combined array of individual metrics, QS said. Think you check all the immigration boxes? Find out The ranking evaluates the social and environmental impact of universities as a center's of education and research, as well as a major employers with the operational sustainability challenges of any large and complex organization. «Sustainability provides students with a unique lens on which institutions are demonstrating a commitment to a more sustainable existence. More than just the commitment, it looks for outwards evidence of this — from the impact that alumni are making in science and technology to solve climate issues, to the impact of research being done across the UN's 17 sustainable development goals,» QS added.