City Delhi Financial News

₹9 crore on establishing a production facility, a base factory, and warehousing in Delhi. This facility will initially cater to the Delhi-NCR. In the development phase, the focus will be on expanding to other markets, starting with Hyderabad and Bengaluru, said Hemant Bahri, founder and managing director of Bahri group, which has interests in the real estate sector in south India.

Mukesh Kumar, who made his international debut across all formats earlier this year during the West Indies tour, has set his sights on a long stint with the Indian team starting with the upcoming T20I series against Australia. New-look India will clash against Australia in a five-match T20I series starting on Thursday here, which will give both these rivals a good run in the format given that the next T20 World Cup is about seven months away. The 30-year-old Mukesh is determined to make the opportunity count as he looks to build on his success earned in the domestic circuit and the Indian Premier League, which led to his national call-up.

Rajasthan Royals (RR) from Lucknow Super Giants (LSG), who has acquired the services of top-order left-handed batter Devdutt Padikkal in a direct swap ahead of next year's Indian Premier League. Avesh, who is part of the India squad for the T20I series against Australia beginning in Visakhapatnam on Thursday, has 55 wickets from 47 IPL matches so far. Avesh was purchased by LSG 2022 mega auction for Rs 10 crore.

₹10 lakh on Air India for its failure to comply with rules pertaining to facilities that are required to be provided to passengers. The DGCA had carried out inspections of airlines at Delhi, Kochi and Bangalore airports, and found that Air India was not complying with the provisions of the relevant Civil Aviation Requirement (CAR).

₹81 crore fraud case on Wednesday. The couple was asked to appear by the Delhi EOW in an alleged ₹81 crore fraud at the fintech startup. Ashneer Grover was also summoned by the cops, but he did not appear for questioning today.

Delhi High Court has observed that a spouse who has a reasonable capacity to earn but chooses to remain unemployed and idle without sufficient explanation should not be permitted to saddle the other partner with the one-sided responsibility of meeting expenses by providing maintenance. The high court made the observation while reducing the amount of monthly maintenance from Rs 30,000 to Rs 21,000 to be paid by a man to his estranged wife under the Hindu Marriage Act (HMA). It said the woman claimed to have no independent source of income but has a reasonable educational background being a graduate from Delhi University. “She appears to have voluntarily undertaken social work as claimed despite there being no impediment to undertaking meaningful employment. «The spouse having a reasonable capacity of earning but who chooses to remain unemployed and idle without any sufficient explanation or indicating sincere efforts to gain employment should not be permitted to saddle the other party with one-sided responsibility of meeting out the expenses,” a bench of justices V Kameswar Rao and Anoop Kumar Mendiratta said. The bench said the maintenance does not have to be provided with mathematical precision but to give relief to the spouse who is unable to maintain and support during the pendency of proceedings and to ensure that the party should not suffer due to paucity of source of income. It said the provision for maintenance under the HMA is gender neutral and sections 24 and 25 of the Act provide for the rights, liabilities and obligations arising from marriage between the parties. The high court was hearing an appeal by the man challenging a trial court's order directing him to pay Rs 30,000 monthly maintenance to his

DGCA has imposed a penalty of Rs 10 lakh on Air India for its failure to comply with norms pertaining to facilities that are required to be provided to passengers. After carrying out inspections of airlines at Delhi, Kochi and Bangalore airports, the regulator observed that Air India was not complying with the provisions of the relevant Civil Aviation Requirement (CAR).

Enforcement Directorate's action to attach properties worth Rs 751 crores in the National Herald Case, Rajya Sabha MP Kapil Sibal said that the ED is guided by a panel of lawyers and asked ED to specify the law which says that shareholders become owners of assets. «ED should know what the law says. Properties are owned by companies. There are charges that Young India has taken over 99 per cent shares of AJL.

Canada Prime Minister Justin Trudeau will participate in the virtual G20 Leaders' Summit, hosted by India. The Canadian Prime Minister's officer released Trudeau's schedule for Wednesday which has him joining in the meeting virtually Trudeau's attendance in the virtual meeting comes amidst a diplomatic standoff between India and Canada.

The year is drawing to a close and the stock market is at the crossroads. On on side uncertainties are looming, but on the other unbridled optimism is driving investors' confidence. ETMutualFunds spoke to Rahul Singh, CIO — Equities, Tata Mutual Fund, to make sense of what is happening in the market.

Haryana Chief Minister over the issue of stubble burning, Punjab Minister Harpal Singh Cheema said that the latter should «stop politics» and should «stand» with the farmers. His response came after CM Khattar said that the Aam Admi Party-ruled Punjab has not allegedly «paid much attention» to the crop burning residue, and «the State government should adopt the measures taken by his government as noted by a Supreme Court bench a day earlier». Speaking to on Tuesday about the issue of stubble burning, Minister Cheema said, «This time, the number of stubble burning cases has increased the most in Haryana. There was a 70 percent reduction (in stubble burning) in Punjab this season between October and November.» «Haryana CM Khattar should stop doing politics on this and should stand with the farmers.

Delhi air quality stood at 348 on Wednesday, November 22, morning at 6:30 am, which lies in the ‘very poor’ category according to the System of Air Quality and Weather Forecasting And Research (SAFAR). AQIs between zero and 50 are considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', 401 and 450 'severe', and above 450 'severe plus'.

New Delhi’s private schools in their recent announcement regarding nursery admissions highlighted the significance of proximity as a primary factor, accruing the maximum points for applicants. The registration process for nursery, KG, and Class I seats for the general category commences on Thursday and concludes on December 15.

Aam Aadmi Party (AAP) had recently approached the poll panel regarding two posts from the official handle of the Delhi BJP, alleging that they contained morphed images and videos with a "malafide" intention to "ruin" the image of Kejriwal. The BJP's Delhi unit has been asked by the EC to respond to the show-cause notice by November 23 night.

Supreme Court on Tuesday allowed the Insolvency and Bankruptcy Board of India (IBBI) petition and transferred to the Bombay High Court various petitions pending before the high courts of Delhi and Madhya Pradesh. This was done after the IBBI pleaded that such transfer either to the apex court or to any of the HCs was necessary to avoid multiplicity of proceedings and confusion caused by possible divergence of opinions by different HCs. The three petitions pending before the HCs of Bombay, Delhi and Madhya Pradesh have challenged the vires of the Regulation 31 A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution process for Corporate Persons) Regulations, 2016 by questioning the powers of the board to issue sub-ordinate legislation. The Fifth amendment to the CIRP Regulations, which was notified on September 20, 2022 and came into force from October 10, last year, had inserted the provision relating to the payment of regulatory fees to IBBI under the Regulation 31(ba) read with Regulation 31A of the CIRP Regulation.

Delhi High Court has asked low-cost airline SpiceJet's Managing Director Ajay Singh to appear before it in January in proceedings relating to a dispute over interest dues on arbitral award of over Rs 570 crore passed in favour of media baron Kalanithi Maran. «Ajay Singh, the Managing Director, shall remain present on the next date of hearing,» Justice Manoj Kumar Ohri said in the order passed on Monday and listed the matter for further hearing on January 10 next year. Ajay Singh had earlier also appeared before the high court on August 24.

Central West Delhi, traditionally overshadowed by the luxury of South Delhi and Gurugram, is experiencing a significant transformation. This area is increasingly becoming a popular choice for luxury homebuyers, indicating a shift in Delhi’s real estate landscape.

Delhi's air quality deteriorated over night and the main factor responsible for the worsening condition of Delhi's air pollution is being cited to stubble burning ahead of winters. On Tuesday the Supreme Court of India rapped the Aam Aadmi Party (AAP) -led Punjab Government for not taking strict action and observed that farmers are being made a villain as they are not being heard in the court.

private schools in Delhi will begin on Thursday. As per the official announcement, the admission registration will start from November 23 and the last date for applications is December 15. Most schools will conduct the registration process online, and the first list of selected candidates will be released on January 12, 2024. For 25% of seats in each private school, allocated for economically weaker section/disadvantaged category, the admissions will be conducted online by the Directorate of Education.

Chalet Hotels, and EIH—clocked revenue per available room (RevPar) growth of 15%-plus year-on-year (YoY) (roughly 45% higher than Q2FY20). “Despite Q2FY23’s high base, the sector sustained its momentum with IHCL/EIH/Lemon Tree/Chalet clocking RevPar growth of 28%/23%/16%/25% YoY," the brokerage said in its report.

Delhi High Court has in its recent ruling clarified that the extended 10-year review period for Income-Tax (I-T) assessments should only be applied when the assessee's alleged undisclosed income exceeds ₹50 lakh, The Times of India reported. It further clarified that below the specified threshold, assessments can only be reopened within a three-year period, the report added. This will be applicable to all review notices sent on or after April 1, 2021.