City Delhi Financial News

National Capital continued to experience 'very poor' air quality on Tuesday morning, with an air quality index (AQI) of 323, as per the System of Air Quality and Weather Forecasting And Research (SAFAR-India). AQI in IIT Delhi was recorded at 321, the Airport (Terminal 3) area at 336 and Pusa at 337, as per the SAFAR. According to the Central Pollution Control Board (CPCB), at 7:41 am, AQI in Anand Vihar was recorded at 374, in Jahangirpuri at 399, in Lodhi Road at 315, and in New Moti Bagh at 370. The Air Quality Index from 0 to 100 is considered as good, while from 100 to 200 it is moderate, from 200 to 300 it is poor, and from 300 to 400 it is said to be very poor and from 400 to 500 or above it is considered as severe. The Air Quality Index is a tool for effectively communicating air quality status to people in terms that are easy to understand.

₹81-crore fraud at the fintech unicorn, on November 21, 2023, police sources told PTI. Earlier, Mint reported that the Economic Offences Wing (EOW) of Delhi Police, citing its investigation, has claimed that Grover and his family members used backdated invoices to siphon off funds.

State Bank of India The government on Monday appointed Vinay M. Tonse as the Managing Director of the lender until November 30, 2025.

NEW DELHI : Purple Style Labs, the parent of luxury fashion omni-channel platform Pernia’s Pop-Up Shop, has secured an $8-million (about ₹66.6 crore) Series-D round led by Sanket Parekh of the Pidilite family office, with participation from Signet, the family office of Harish Shah, Hira Group’s family office and other investors. Existing investors also participated, including Singularity Growth Opportunities Fund I, Neelesh Bhatnagar of NB Ventures, fashion designer Masaba Gupta, and the former partners of Premji Invest, Rahul Garg and Atul Gupta. The company was valued at $352 million for the fundraising.

Jim Sarbh and Shefali Shah from India. The Indian stars received nominations in the comedy category, as well as for the best performance by an actor and actress, respectively. The ceremony will also see film producer Ektaa Kapoor being honoured with the Directorate Award for her "trailblazing career and impact on the Indian television landscape".

₹100 crore to former promoter Kalanithi Maran, and instead proposed an equity issuance to settle his dues. - The court, while hearing the matter, expressed skepticism over SpiceJet's claims of insolvency, saying it is a common plea among debtors. It also noted that Maran cannot be forced to accept shares as a settlement.

Municipal Corporation of Delhi (MCD), PTI reported citing officials aware of the development. The monthly wages of skilled workers are likely to be increased by ₹528 to ₹20,903, that of semi-skilled workers by ₹494 to ₹18,993 and of unskilled labourers from ₹16,792 to ₹17,234, the official said. Now, the per day wage of an unskilled worker in Delhi will be ₹ 574.47, for semi-skilled ₹ 633.10 and for skilled workers ₹696.77.

Chhath Puja Sale: Following the Diwali festive week, the Chhath Puja festival has recorded trade worth more than Rs 8,000 crore for retailers, the traders’ body Confederation of All India Traders (CAIT) said. Celebrated in Bihar, Jharkhand, Eastern Uttar Pradesh, Delhi, Orissa, West Bengal, Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh and other states, the festival is among the biggest celebrations of Indian folk culture starting from Nahay-Khay and ending at Paran.

Deputy Prime Minister and Defence Minister Richard Marles along with Foreign Affairs Minister Penny Wong visited and laid a wreath at the National War Memorial in Delhi on Monday. Earlier today, Australian Foreign Minister Penny Wong arrived in the national capital to participate in the second India-Australia 2+2 Ministerial Dialogue. She was accorded a warm welcome at the Air Force Station, Palam, in New Delhi. «A warm welcome to FM @SenatorWong of Australia as she arrives in New Delhi to co-chair the 2nd India-Australia 2+2 Ministerial Dialogue and the 14th Foreign Ministers' Framework Dialogue.

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

Aurobindo Pharma Ltd lifted investor sentiments and the share prices gained of Aurobindo Pharma gained more than 1% in morning trades on Monday, on a day when benchmark indices were trading in red. Aurobindo Pharma in its filing on the exchanges said that United States Food and Drug Administration (US FDA) conducted a Pre-Approval Inspection (PAI) at Unit-I & III, Formulation manufacturing facility, of APL Healthcare Ltd., a wholly owned subsidiary of the Company, situated in the Mahabubnagar District, Telangana,, from November 13 to 17, 2023. The inspection closed with zero observations and a classification of “No Action Indicated" (NAI).

Students, accompanied by their parents, arrived early this morning to attend their classes at a school in the Geeta Colony area today. This comes after the Delhi government announced that schools in Delhi will reopen for physical classes on Monday, November 20, 2023. The reopening is due to a significant decline in pollution levels and an improved Air Quality Index (AQI). The Directorate of Education had earlier this month declared a winter break from November 9-18 due to the poor air quality.

Dwarka, a well-known sub-city in southwestern Delhi, has witnessed rapid development over the past few years. Dwarka has emerged as the latest realty hotspot among its various sectors with its sound connectivity, visibility, availability of robust infrastructure, and vital amenities. This sector has become an attractive destination for real estate developers.

Oberoi Realty share price jumped nearly 5% to touch 52-week high of ₹1,407.15 apiece on BSE, on Monday's session, following the company's purchase of nearly 15 acres of land in Gurugram for ₹597 crore to develop a luxury housing project, marking its entry into the Delhi-NCR real estate market. Oberoi Realty shares opened at ₹1,369.25 apiece on BSE.

Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.

Mumbai | Australia defeated India to win the ICC Men’s Cricket World Cup, yielding a windfall for punters who had wagered against the host country’s unbeaten streak until the final.

air quality in the national capital continued to remain 'very poor' on Monday morning, with an AQI of 310. According to the System of Air Quality and Weather Forecasting And Research (SAFAR-India), the air quality index in Delhi was recorded at 310 at 8:30 am on Monday, categorising it as 'very poor.' As per the Central Pollution Control Board (CPCB) data recorded at 7:00 am on Monday, the air quality index at Anand Vihar was recorded at 361; it was 368 at Alipur; Ashok Vihar at 342; ITO, Delhi at 318; and at RK Puram, it was recorded at 344, all falling into the 'very poor' category. A day after restrictions under the Graded Response Action Plan (GRAP) — 4 were lifted in Delhi following improvement in the air quality, Environment Minister Gopal Rai on Sunday urged people to be careful and continue to follow the rules as stages 1, 2, and 3 of GRAP are still in place to tackle air pollution in the national capital. Gopal Rai said, «Though there has been a constant improvement in air quality, people still need to be aware in order to maintain this improvement.» «There has been constant improvement in pollution levels over the last two days.

Marginal improvement on November 19, Sunday, but major relief from high pollution levels is unlikely over the next few days. Delhi registered 13.4 degree Celsius temperature today with 1500 metres visibility as per IMD.

Mint that the regulator would soon roll out new rules to allow for multiple natural gas operators to compete in various markets, especially those where infrastructure and marketing exclusivity for single companies is ending. “However, it will be ensured that existing companies do not face any impact, such as new companies taking away attractive locations (with greater demand and footfalls), and that the new companies are ready to cater to remote and underserved areas," Jain said, adding that the market would be opened up through an open and fair process.

Archaeological Survey of India (ASI) Sunday exempted the entry fees at all its protected monuments including the Taj Mahal and Agra Fort, Kos Minar at Fatehpur Sikri, and Red Fort in Delhi for one day on the commencement of World Heritage Week, ANI reported. Taj Mahal, a UNESCO World Heritage Site, witnessed a huge surge in the number of visitors today as the entry fee waiver made this architectural marvel more accessible to a wider audience. However, the entry fee for the main mausoleum of the Taj Mahal was not exempted.

Delhi Chief Minister Arvind Kejriwal has granted permission to 83 more shops and commercial establishments in the city to operate round the clock. Once approved by the lieutenant governor, these shops and commercial establishments will be able to operate 24 hours, according to an official statement.